Business & Сommercial
Insurance that backs your growth

How it works

Without Commercial Insurance, business owners risk paying for costly damages and legal claims out of pocket. Here are essential coverages businesses should consider:

• Commercial General Liability Coverage: This coverage protects the insured if a third party is injured, succumbs to their injuries, or has property damaged. It will compensate for claims in the event of a lawsuit against the insured up to the limit of their coverage as well as compensate for the cost of settling a claim.
• Commercial Auto Coverage: Covers all listed commercial vehicles: cars, trucks, vans, commercial use trailers, etc. Protects when your vehicle(s) are involved in a collision/stolen/vandalized/damaged, providing funds to repair or replace it. Covers medical-related expenses and third-party property damage.
• Commercial Property Coverage: Protects your business against loss or damage from fire, theft, vandalism, etc. Covers physical assets inside and outside, including the building, inventory, electronics, equipment, tools, and exterior fixtures.
• Business Interruption Coverage: Covers business owners when operations are disrupted by events like flood, earthquake, fire, or windstorm. Provides protection if the business temporarily shuts down or during a rebuild, compensating for lost income and costs. Includes coverage options like Contingent Business Interruption, Named Perils Business Interruption, and Service Interruption.

Key features

• A customized commercial insurance policy tailored to our customers’ needs and budget, rather than a generic option.
• Deal for businesses of all sizes, from small family-owned businesses to multi-location operations.
• Covering multiple vehicles, both new and old, under one policy.
• Friendly and effective customer service from dedicated brokers and representatives.
• Ensuring peace of mind through every step of the process: quotes, renewals, and claims.

Coverage we provide for your particular business:

• Building & Property: Covers damages to the building, equipment and inventory.
• Equipment Breakdown: Covers the breakdown of equipment.
• Commercial General Liability: Packages that are tailored to the manufacturing industry cover property damage and bodily injury claims caused by your manufactured product.
• Business Interruption: Covers financial losses from equipment breakdown or claims preventing income.

Errors & Omissions Insurance Ontario: What is it and why do you need it?

Errors and Omissions Insurance is a specific professional liability insurance that protects manufacturing companies if accused of negligence or causing financial loss. If a third party suffers financial loss (not resulting in property damage or bodily injury) due to negligence, faulty products, or a mistake, Manufacturers E&O insurance covers potential settlement costs. E&O insurance compensates for what general product liability insurance won’t cover.

Security breach risks and coverage options:

• Data breach insurance: covers costs, potential fines and legal fees related to a client privacy breach.
• Media liability: covers damages related to a website attack.
• Extortion liability: covers damages associated with extortion of IT systems.
• Network security: covers damages to third parties associated with data theft.
• Notification costs: for contacting clients that have had their information compromised by the hack.
• Business interruption: Covers insured financial losses from downtime due to a cyber hack or claims preventing revenue.
• Costs for public relations companies that are hired for damage control and brand protection.

• Duty of diligence (duty of care): Act reasonably, in good faith, and in the organization’s best interest.
• Duty of loyalty: Prioritize the organization’s interests over personal ones.
• Duty of obedience: Act within the scope of applicable bylaws.

Directors and Officers can be held personally liable for the actions and inactions of the businesses they oversee. To protect against this, organizations with a board of Directors or Officers are eligible for Directors and Officers (D&O) Liability Insurance. D&O coverage safeguards their personal assets and finances, as they can be held liable for management decisions and errors. Employees, customers, competitors, suppliers, shareholders, and even the government may file lawsuits against them. All types of organizations, including charity groups, religious institutions, educational entities, sports clubs, community associations, cultural groups, family-owned businesses, and privately-held companies, are at risk.

Our services:

• Identifying your organization’s unique D&O liability exposures.
• Building a custom and effective D&O liability insurance program that specifically focuses on your exposures.
• Advising on the required and best coverage for your D&O liability policy.
• Answering any of your questions or concerns that you may have.

By buying Professional Liability Insurance, you can choose coverage limits of up to $5M with additional Commercial General Liability, Privacy Breach and COED packages add-ons to fit your business needs.

• Businesses that don’t require a license or certification (Tech & IT roles) will still need Professional Liability insurance because they provide expert advice.
• Professional liability claims are increasing due to the miscommunication over coverage between the client and the broker/insurance company.
• Malpractice Insurance: Specific to doctors, dentists, optometrists and other healthcare providers
• Lawyers’ Professional Liability Insurance: Specific to legal firms
• Some charities and other non-profit organizations can also have professional liability insurance.

What we cover

• Errors & Omissions: Covers professional liability for negligence while providing professional services.
• General Liability: Covers the insured from a variety of claims, including bodily injury, property damage, personal injury and others that can arise from their business operations.
• Contents: Covers the cost to repair or replace personal items in the event of fire, theft or other accidental damage.

With Life Agents E&O Insurance, premiums start at only $495, including up to $2M in coverage limits to fit your needs. Monthly payment options are available. You will receive a direct quote, and then you can bind online. Once bound, you will have instant access to your policy documents. Through this quick and easy process, you know that your business operations can now be protected.

What we cover:

• Coverage of legal fees for your defence should a claim against you arise from acts of professional negligence, whether you’re liable or not. It’s also known as Errors and Omissions Liability.
• For example, if you or your business fail to provide professional service within a reasonable time, causing financial loss to a client or if a claim is made that your professional services or advice resulted in significant damage or loss to a client. Or, if an agent overlooks critical information, resulting in your client not receiving an agreed-upon service.
• Professional Liability Insurance protects you and your company against claims that your professional services or advice may have caused a client significant financial loss, as a result of negligence or mistakes.

Types of insurance for a landscaping business:

• Commercial General Liability: Covers damages, settlements when sued, and lawsuit costs.
• Commercial Property: Covers the property if they should suffer a loss.
• Commercial Automobile Liability: Covers vehicles that serve a commercial purpose.
• Equipment/Tool: Covers damages, theft, or breakdown of tools and larger complex equipment used to perform the job.
• Equipment Breakdown: Covers the breakdown of business equipment.
• Business Interruption: Covers the financial losses from business downtime as a result of equipment breakdown.

Coverage for snow removal companies

• Liability Coverage: Covers risks associated with damaging a client’s property or physical accidents, such as slip-and-falls that occur on plowed property.
• Property Coverage: This coverage helps with repairs or potential replacement if the snow plow is damaged.
• Commercial Auto Coverage: Protects any vehicle used for business purposes from risk in unfavourable weather conditions. Covers any equipment or tools that are attached. We’ll help ensure the proper disclosure of usage to ensure you’re protected.

Two types of surety bonds we provide

• Construction Contract Surety Bonds: One of the most common forms of bonding used in a construction setting. It is set in place to protect owners and suppliers from the consequences of a contractor defaulting on a project. Such bonds are a guarantee from the surety to a project owner that the contractor will follow the direction of the contract. Bonds that are used most often are the bid bond, performance bond and labour and material payment bond.
• Commercial Surety Bonds: Guarantee that any government body, financial institution or private corporation’s security requirements are adhered to and that any financial risk is protected via legal compliance by the principle. Monetary losses, fraud and/or misrepresentations are a few areas that offer protection to the end user.

Our services:

• Advice on contract reviews, current surety procedure and bond company appetites.
• Power of Attorney and in-house bond authority to issue bonds in time sensitive environments.
• Internally underwrite our contractor’s bonding programs in order to maximize your bond facility.
• Strong relationships and access with all major bonding markets.
• Creative solutions to tailor your bonding requirements with respect to larger and specialized projects, bonding of sub-trades, joint ventures and bond claim handling/disputes.