Commercial General Liability Insurance (CGL) can provide crucial protection for your business in the event that your services result in bodily injury or property damage loss to a third party.

In such cases, having a CGL policy in place can help alleviate the financial burden of legal costs that may arise.

When conducting business outdoors, it is still crucial to consider safeguarding your physical assets. If your tools or equipment are damaged, misplaced, or stolen, your commercial property insurance will provide coverage for repair or replacement expenses.

Additionally, this type of insurance offers financial support in case of property losses or damages resulting from severe weather conditions, fire, floods, theft, or vandalism. Property coverage includes the building, office contents, and equipment.

Have you had to halt your operations due to a covered loss? Business interruption insurance offers the ability to replace income that has been disrupted, reduced, or completely eliminated.

Business Interruption Insurance is specifically designed to safeguard against the financial consequences of property damage by compensating for lost net income. In addition to compensating for lost income, this insurance may also cover essential overhead fixed costs like rent, electricity, and employee payroll.

Cyber coverage is essential if your business stores sensitive client information, bank records, or other vital information on its computer systems. As a business owner, it’s necessary to be realistic about cybercrime risks.

A property manager lost over $180,000 in a cyberattack due to a vendor’s compromised email. >> Read Now

• The property manager used the vendor’s compromised email for a transaction.
• Hackers intercepted emails and redirected payment to a fraudulent account.
• The property manager lost over $180,000.
• Coalition insurance covered most of the loss after a deductible.

Directors and officers liability insurance, commonly known as D&O insurance coverage, is designed to reimburse individuals against personal financial losses in the event of a lawsuit arising from their role as a director or officer of a commercial company and individuals serving on boards of public or non-profit organizations.

D&O insurance reimburses the defence costs incurred by board members, managers, and employees in defending against claims made by shareholders or third parties for alleged wrongful acts, such as negligence, breach of duty, or mismanagement.

Disability coverage replaces some of your income if you can’t work because of an injury or illness. This monetary benefit will continue until the benefit period ends or you return to work. It can help you and your family pay for necessary expenses like your mortgage, car payments, utilities, groceries, etc.

Determine the coverage you have early on to ensure you are adequately protected. For example, do you have short-term stability or long-term disability coverage?

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