Auto Insurance
Car owners in Ontario are required by law to have car insurance. Car insurance helps to ensure that you, your vehicle, and your passengers are protected financially and from liability, in the event, something unexpected happens, such as a collision.
Ontario’s standard auto insurance policy includes four mandatory types of coverage to meet the minimum provincial regulations: third-party liability, direct compensation-property damage (DC-PD), uninsured automobile insurance and accident benefits. Additional insurance add-ons can be purchased to increase your coverage.
Whether you're shopping around for auto insurance, your policy is about to expire, or you're looking to save money on your current policy, it is important to understand how your policy works. As Insurance brokers we sell insurance on behalf of a number of different insurance companies and will find you the best rate just from those companies.
Home Insurance
Home insurance protects you from having to pay out a huge amount at once, often at a very difficult and emotional time. Although not mandated by law, insuring your house can give you peace of mind.
Ontario’s standard auto insurance policy includes four mandatory types of coverage to meet the minimum provincial regulations: third-party liability, direct compensation-property damage (DC-PD), uninsured automobile insurance and accident benefits. Additional insurance add-ons can be purchased to increase your coverage.
As a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades. Coverage can vary from one insurer to the next, so it's important to select a policy that suits your specific needs. Home insurance covers the dwelling, contents and personal liability of you (the policyholder), your spouse or partner, and your children. The policy also covers: Dependants under the age of 18 Dependants who are students enrolled and actually attending a school, college or university and living in the household or temporarily living away from the insured principal residence If you share your home with a friend or relative, or rent out part of your residence, you must notify your insurance representative. Home insurance also includes coverage for additional living expenses in the event that you are temporarily unable to live in your home due to an insured loss in certain circumstances.
Business Insurance
Insurance protects you from losses that may pose a significant threat to your business operations. A major loss to one organization may be a trivial loss to another. When selecting coverage, deductibles and policy limits, there are many factors to consider.
Key Types of Business Coverage
Every organization requires its own set of coverages. Common business policies include:
- Accounts Receivable
- Business Income
- Business Interruption
- Commercial Automobilet
- Commercial General Liability (CGL)
- Commercial Property
- Crime
- Directors' and Officers' Liability
- Professional Liability, also known as Errors and Omissions
Construction Insurance
Construction insurance in Ontario is designed to cover homes and commercial spaces that are under construction, protecting the project from direct damage. It covers you against things such as weather events that could affect your home during the project.
In construction, time is money. When opportunities arise, you need to be ready to go – and you’ll need a construction insurance policy that works hard to help keep your company protected and competitive.
As the Canadian construction industry forges ahead, new opportunities, developments, and risks are arising. Do all construction professionals need insurance? The short answer is yes, but in many cases, a generic insurance policy won’t measure up. Construction risks can vary in size and complexity, and they can evolve throughout a project.
Liability Insurance
Professional Liability Insurance Protects You and Your Business From Lawsuits.
Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy. Liability insurance is designed to offer specific protection against third-party insurance claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies. When a claim is made the insurance carrier has the duty (and right) to defend the insured. The legal costs of a defence normally do not affect policy limits unless the policy expressly states otherwise; this default rule is useful because defence costs tend to soar when cases go to trial. In many cases, the defense portion of the policy is actually more valuable than the insurance, as in complicated cases, the cost of defending the case might be more than the amount being claimed, especially in so-called "nuisance" cases where the insured must be defended even though no liability is ever brought to trial.