Transport

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).

Are insured:
– Your office space
– Your warehouses

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 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 trucks. For example, you could insure all the vehicles under a single policy, having only one renewal date to remember.

This addition to your standard insurance policy will cover stock that you transport at any time. The stock will be protected in the event of theft or damage while being transported by land or sea, in transit, and during loading and unloading.

This insurance covers your liability in the event that the stock that you store or transport 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.

By adding this coverage to your insurance contract, stock belonging to you and used for running your company. For example, mobile equipment such as lifts, trolleys, dollies and weighing pallets.

Surety bonds for cargo transport companies can fall into two categories:

License and permit bonds
This bond allows you to obtain a license or a permit in order to deal with government agencies. Therefore, you are guaranteeing that you will comply with a law or municipal by-law in order for your company to respect current standards.

Customs and excise bond
This bond guarantees that the customs duties and taxes on products being sent between to a foreign country will be paid. This coverage therefore facilitates the passage of the goods being transported to customs.

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 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