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Looking for some quick info? Click on one of the below topics to unpack your business insurance!
Find your Industry
The manufacturing industry can be dangerous, and working with hazardous materials is hazardous. Liability coverage covers any costs, including defence costs, if you are found to be legally responsible for injury or property damage due to your business operations on and off the property.
Whether you are a butcher or a brewer, when you’re in a situation where your products are designed for human consumption, this coverage is essential for your business.
Spills, leaks, and overflows can happen over time or suddenly without expectation. These risks can affect your property, as well as the property of third parties. Various options are available to protect your business from cleanup costs or other damages.
Errors & Omissions
Your building and equipment are crucial aspects of the success of your business. Workplace hazards, vandalism, and weather are just some of the many things that can cause significant damage. Protecting your most considerable assets with an insurance policy can keep your business from a substantial financial setback.
Whether transporting cargo through town or across borders, you’re exposed to various risks and the potential for loss. From collision and upset to theft, it’s important that the insurance protecting your cargo will defend it.
Disability coverage replaces some of your income if you can’t work because of an injury or illness. The idea is to help you keep your standard of living the same until you can return to work. This monetary benefit will continue until the benefit period ends or you return to work.
Additional Coverages Available:
See below for a short list of additional coverages we recommend including for your business insurance.
The loss of vital equipment could undoubtedly impact your ability to operate your business. If you’re unsure what you’re protecting, speaking with an insurance broker is essential to understand better. Not only will this help you decide which types of insurance are best for your business, but it will also help you budget for your needs.
This coverage for your gear helps protect you from the financial loss typically excluded under a general property policy. Insured items could be anything from your most complicated equipment to your phones (the lifelines of your day-to-day business operations). If you’re a manufacturer, equipment insurance is an excellent example of how to protect your business from the costs of replacing equipment damaged by vandalism, weather-related losses or on-site disasters.
Product Recall Coverage
You work hard to produce quality products. As a manufacturer of food, crop, or beverages, there is the potential that your product may need to be recalled from the market. With this insurance, costs such as notification, shipping, and disposal would be covered by your policy. In simple terms, this is loss prevention expense reimbursement coverage that protects a company’s bottom line from unexpected expenses.
Directors & Officers Insurance
With every decision they make on behalf of your organization, directors and officers assume a certain level of risk. In the event of an alleged wrongful act, they can be held accountable for the overall financial performance of their organization. Moreover, D&O claims can come from various sources, including financial institutions, shareholders, and regulators.