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Your property is what houses your tenants and your primary source of income. It’s an investment that requires constant maintenance, but if a loss occurs, you could find yourself in a tight spot if your insurance isn’t up to par. The potential for a loss can come from any direction, be it the weather, your employees, or your computers. Let us help get the best comprehensive plan for your business.
The building that houses your business is a crucial aspect of the success of your operations. Fire, water damage and weather are just some of the many things that can cause significant damage to your building, and the bill to repair can be even more substantial. Protecting your most important assets with an insurance policy can save your business from a significant financial setback.
Rental Income Coverage
As a business owner, it’s essential to be realistic about cybercrime risks. This coverage is necessary if your business stores sensitive client information, bank records, or other vital information on its computer systems. To protect yourself fully, you’ll want to talk to one of our advisors who can help assess your situation.
When you own commercial properties, many people have access to your property. Don’t let a potential lawsuit undo all your hard work. Accidents happen; if one does, a general commercial liability policy is essential.
While Canada may not be known for outrageous personal liability settlements, the cost of these claims is rising. A five-million-dollar case may have been rare ten years ago, but not so much anymore. With inflation on the rise, the compensatory awards awarded to plaintiffs are also increasing. Keep in mind no lawsuit is a quick fix. Some take years for the court to settle, which all adds to the bottom line.