Feel free to fill out the contact form below or call: (416) 862 – 1750 x 222 and let’s get you some Insurance Help – Let me do the shopping for you!

Would you like to know what you will need to insurance your business? Please continue reading…a

The Basics

Business Insurance is a general term that describes a broad and often complex set of coverages. The complexity of coverage varies from business to business. One business could have a simple liability policy, while another could have a policy that not only includes basic property and liability coverage, but could also include more complex levels of Liability coverage like Errors and Omissions liability coverage and Directors and Officers liability insurance.

We should talk – go to our quote request page and get the process started. In the meantime here are a few basics about business insurance:

Step 1: Liability Insurance

The foundation of every insurance party. Liability insurance in its simplest form helps to protect you against lawsuits against you for your or your business’s negligence. Typical claims include Slip and Fall accidents but claims can become as complicated as anti-trust lawsuits. A proper risk management analysis will bring to surface the specific type of third party liability that you are exposed to.

Not your fault? Ya so what – you have to prove it! Who is going to establish that – the courts. We all know how much legal council costs – liability insurance affords you that protection at a fraction of the cost.

Step 2: Property Coverage

The second aspect of any business insurance policy is property coverage. Specifically, it is protection from theft, fire, water etc. damage to your property. Property can be tangible: Buildings, stock, cars, desks, computers, phone systems or they can be intangible: profits, income, brands, labels etc.

Property property coverage will be subject to 2 things:

1. A deductible – the about of the loss that you will have to pay before the insurance company pays
2. Co-insurance clause – a penalty clause that requires you to insure the property to a minimum value (i alway try to use 100%), in order to obtain full replacement value (see article by clicking here)

That is basically it – while the coverage can be complex and the wording is long, all business insurance comes down to these few basic concepts.From these basic concepts, the adept insurance broker can create and sculpt a policy that protects your business and doesn’t hurt your cash flow.

Want to speak further? Feel free to fill out the contact form below and let’s get you some Insurance Help.

Insurance Quote Request

1. Your NameRequired
2. Business Name
3. Address
4. City
5. Postal Code
6. Email(valid email required)
7. Phone NumberRequired
8. Do you currently have insurance? New Venture Yes No Required
9. When does your current insurance Expire?
10. What type of Insurance are you looking for? Associations Automotive - Fleet Automotive Sales and Service Aviation Office Insurance Contractor Insurance Commercial Marine/Cargo/Transport Communications & IT Construction Contractor Director and Officers Eating and Drinking Establishments Errors and Omissions Food Processing Plants General Liability Health Care Professionals Manufacturing Metal Works Processing Plants Professional Liability Real Estate & Rental Properties Restaurants Restaurants (Fine Dining) Retail Food and Beverage Retail Store Service Business Trucking and Transit Umbrella Warehouses and Storage Watercraft Wholesale and Distribution Other (Please give details below)
11. Business Description Business DescriptionRequired
12. I give permission for my information to be used for the purpose of providing and insurance quote, council or risk management service

Expectations

1. To better understand your needs, please tell me why you are shopping your insurance today?
2. 
   My Broker just doesn't understand my business My Broker is unreliable
   I have service issues Price
   My broker left and I never know who to speak to Not certain coverage is adequate I would like to see a broker more than once a year other (please describe your experience below)
3. Other