Real estate

Civil liability coverage protects you from property damage or bodily injury that you may involuntarily cause to a third party or to one of your clients, anywhere your activities take place. As a result, this coverage is necessary in order to protect your business in the event of a lawsuit or claim attributable to your operations, your places of business or your operations. It is important to properly assess the chosen limit in relation to the actual risk because the consequences could be catastrophic for the survival of your company.

The Umbrella coverage offers you an excess liability insurance. By opting for this added protection, you extend the limits of your underlying policy.

Adding the executive risks coverage, also known as “D&O”, allows your company’s directors and officers to be covered. These directors and officers carry the responsibility of acting in the best interest of the company. Whether you are the member of a board or run a company, you could be held personally liable of any wrongful act in the management of a company. This insurance also covers defence costs in the event of allegations or legal action brought against members of a board or business executives.

Professional liability is also known as “E&O” or Errors and omissions insurance. This insurance provides coverage to hedge against financial loss that you may cause to a third party after having followed your recommendation or as a result the omission of advice that you should have given within your professional capacity. As a result, your client could sue you for losses you would have caused him. Professional liability would also cover defence costs associated with a lawsuit.

Since the building is covered under the basic insurance contract, immovable property is covered (namely the walls, floors and windows, but also the cupboards and counters of your company against fire, theft, vandalism and more).

By adding this coverage to your standard insurance policy will cover damage caused by water to your business.

Your two coverage options are:
– Sewer back-up endorsement: this insurance covers sewer back-up as well as sump pump leakage.
– Flood endorsement: you are covered in the event of a body of water overflowing onto the premises.

This coverage protects you against any damage that may occur to your buildings in the event of an earthquake. Ground movement is excluded from the standard real estate insurance policy.

This addition to your standard insurance policy will cover property that is in transit at any time. Property found on building locations will be covered in the event of theft or damage while in transit.

By adding this coverage to your insurance contract, property belonging to you and used for the maintenance of your building is protected. For example, a land-mower, a snow blower, a generator, etc.

This insurance covers your liability in the event that the stock that you store is lost or damaged. Thus, you will be protected if you are held liable for these losses and if there is a lawsuit from a third party or his insurer.

This insurance covers the damage resulting from the sudden or accidental breakdown of your equipment requiring repairs or replacement. This coverage also offers inspection services of your equipment.

Are insured:
– Pressurize equipment
– Electrical equipment
– Mechanical equipment
– Electronic equipment and loss of data

This insurance covers lost profits or expenses incurred in order to maintain the normal business operations in the event of a major peril. For example, rental of buildings or equipment. This insurance also covers rental income loss and can be purchased for a term of 12, 18 or 24 months depending on the time required to rebuild the building.

This insurance covers damage caused by pollution resulting from a sudden and accidental or continuous and gradual event, depending on the type of contract. As a result, your company will be protected in the event of pollution from the discharge, dispersal, release or escape of solid, liquid or gaseous substances in the atmosphere, in the water or in water lines, sewers or drainage systems. It can also include coverage against fines and penalties.

This insurance not only covers liability related to the management of the private information of your clients, employees and your company but also that of your personal data in the event of hacking.

It also includes the following types of coverage:
– Protection against accidental computer breaches
– Coverage for data recovery costs
– Coverage for data breach reporting costs