What is this coverage?

General Liability covers for bodily injury and property damage due to the operations and location of your organization. When organizations ask for a Certificate of Insurance, they are looking for proof of General Liability. This coverage also includes tenants legal liability, medical expenses following injury, and defense costs should a general lawsuit be brought against your organization.

If your landlord has insurance requirements, please forward a copy of the lease agreement so that we can confirm the policy is in compliance with these requirements.

What is products liability coverage?

Products Liability would cover you for when the products cause injury or loss because of manufacturing defects, malfunction or incorrect operating instructions. When things go wrong the damages awarded in these cases can be extensive. They can include compensatory damages, medical costs, legal costs, economic and/or punitive damages.

What is Professional Liability coverage?

Professional Liability Policy fills these gaps and protects you against claims not covered by a general liability policy for financial loss, or bodily injury/property damage claims in the event these are a result of your professional services. You are at risk of litigation if you or your employees make a mistake or your services fall below your clients’ expectations.

What is Directors & Officers Liability coverage?

Directors and officers owe a duty of care to the corporation which requires them to act without negligence. Failing to meet this duty of care can give rise to personal liability and, by accepting their position within the corporation; directors and officers are putting their personal assets at risk for the benefit of shareholders. The biggest risk for private companies is Employment Practices Liability (EPL) Claims. Examples of these are when directors, officers, or the company itself are claimed against by employees alleging some kind of violation of their relationship with the company. These kinds of claims include wrongful dismissal, discrimination, harassment, failure to promote and so on.

What is Employment Practices Liability coverage?

What is Cyber Security coverage?

If your company relies on a website for business, you may benefit from Cyber Security Liability Insurance. This type of insurance is designed to cover consumers of technology services or products. More specifically, the policies are intended to cover a variety of both liability and property losses that may result when a business engages in various electronic activities such as selling on the internet or collecting data within its internal electronic network. Most notably, but not exclusively, cyber and privacy policies cover a business’ liability for a data breach in which the firm’s customers’ personal information such as social security or credit card numbers are exposed or stolen by a hacker or other criminals who has gained access to the firms electronic network.

What is equipment breakdown coverage?

Most property policies exclude losses resulting from electrical arcing, mechanical breakdown, or a ruptured boiler. Equipment breakdown insurance, commonly referred to as boiler and machinery insurance, covers the physical and financial damage that can result from equipment breakdown. Mechanical breakdown coverage encompasses much more than just boilers and pressure vessels. It can also include refrigeration equipment, air conditioning equipment, various types of piping, turbines, engines, pumps, compressors, blowers, gearing, shafting, electronic motors, generators, transformers, and assorted other types of mechanical and electrical equipment.

What is business interruption coverage?

Business interruption covers the loss of income that the business suffers after a disaster. The income loss covered may be due to disaster0related closing of the business facility or due to the rebuilding process after the disaster.

What is crime & fidelity liability coverage?

Fidelity Liability or Crime Insurance protects organizations from loss of money, securities, or inventory resulting from crime. Common Fidelity / Crime insurance claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts. If this is something you would like to discuss, please do not hesitate to contact me.

What is legal expense coverage?

A legal expense insurance policy helps protect your business from financial losses following an unforeseen legal event. It covers legal expenses and gives you easy access to justice, so that you can get on with business as usual. In addition, the policy includes unlimited access to a legal advice helpline, so that you can get a professional legal opinion any time you need it. It also covers legal defence of infractions related to Canadian Anti-Spam Legislation.

What is abuse coverage?

Abuse covers the legal expenses to your organization due to the allegations of abuse. This coverage is recommended to any organization that works with children, the elderly, or other vulnerable people. “Vulnerable persons” means persons who, because of age, disability, or other circumstances, whether temporary or permanent, are in a position of dependence on others or are otherwise at a greater risk than the general public of being harmed by a person in a position of authority or trust relative to them. This includes children, youth, senior citizens, people with physical, developmental, social, emotional or other disabilities, as well as people who are victims of crime or harm. Such vulnerability may be a temporary condition or permanent.