Service companies

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.

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 of 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 company in the event of an earthquake. Ground movement is excluded from the standard commercial insurance policy.

Contents insurance offers coverage for damage or loss to the property inside your company, for example workstations and computer equipment.

Portable equipment insurance offers coverage for any property used for business, whether it is used outside or on the premises.

Are insured:
– Your work material
– Motorized equipment and machinery

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 comes in handy should you need to insurance several commercial vehicles, commonly called a “fleet”. It will allow you to enjoy advantages and additional coverage when you insure a number of business vehicles. For example, you could insure all the vehicles under a single policy, having only one renewal date to remember.

By adding this coverage to your commercial insurance contract, you will on one hand be protected from internal fraud, such as the theft of valuables, money or personal property by an employee. On the other hand, this insurance can be broadened to cover external fraud, such as signature forgery, misappropriation of funds and fake emails.

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 as well as compensation for decreased income.

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

Media and advertising liability provides coverage for defamation lawsuits or defamatory material found in your marketing material or content published on your website.