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
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The more your insurance representative knows about your organization, the better prepared he or she is to advise you about changes in the marketplace, as well as the type and amount of insurance you need. By implementing risk management strategies you may be able to eliminate or mitigate key risks and save money on your premiums.
Be sure to periodically review your policies with your insurance representative. Over time, your organization may grow and your need for certain coverage may increase. Or, as your business evolves, you could find yourself paying for coverage that you no longer require.
Dental Office Protection Plus
Dental Office Protection Plus provides exceptional property and liability insurance coverage for dental offices across Canada.
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Property and Liability Insurance
We offer a full line of innovative commercial insurance products and commercial property and liability insurance.
Professional Liability Insurance
This type of insurance coverage may also be called malpractice insurance. It’s important to note that malpractice coverage specifically refers to professional negligence that leads to bodily harm.
Directors and Officers Liability Insurance
Directors and Officers Liability Insurance coverage insures corporate directors and officers against claims alleging financial loss arising from mismanagement.
Business Insurance Products
Insurance Tips
A basic area of insurance management that deserves more attention than many firms give it is the selection of policy limits. Most uninsured losses are probably caused by selecting inadequate limits.
All insurance policies contain some type of requirement to report “as soon as possible” accidents or occurrences that may result in a claim. Failure to promptly notify your insurance broker or insurance company of known events that may lead to a liability claim can result in denied coverage for claims eventually made in conjunction with the occurrence.
Many companies make the mistake of not considering in advance the insurance implications of a new acquisition, merger, product or service. After the fact, companies often learn that they cannot obtain liability coverage or learn that it will be very expensive to cover. Consider approaching your insurance broker to find out the repercussions of your potential change in operations.
It has become common practice for one party to require the other party to include it as an “additional insured” on their policy. Failure to add an “additional insured” to a policy can lead to uninsured losses. It is important to have a procedure in place to review all contracts that may have insurance requirements placed upon you.