Garage

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.

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

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

Equipment insurance covers any property on your garage.

Are insured:
– Fixed material and structures;
– Furniture and supplies;
– Motorized equipment and machinery exclusively used inside the building;

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

Equipment insurance covers all tools found in your garage.

Are insured:
– Ratchets, screwdrivers, torches, grinders, etc.
– Wheel alignment machines, lifting jacks, etc.
– Air compressors
– Electric tools

By adding this coverage to your garage insurance contract, you will be protected in the event of damage to your own vehicles and the courtesy vehicles. This insurance also offers coverage for damage caused to the client vehicles in your possession. As a result, test drives following repairs, damage or loss caused during repairs and client vehicle theft is covered.

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.

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