Umbrella insurance is a secondary type of liability insurance that covers your personal liability above and beyond the standard liability you have taken on your homeowner policy. Umbrella insurance gives you added liability protection for lawsuits and claims that rise against you that could put your personal assets at risk.
Umbrella insurance covers you when your base policy liability limit is not enough, protecting you above and beyond the limits on your existing personal insurance policies. Umbrella liability insurance can protect you from litigation arising from property damage, injury or associated legal defense costs if you get sued for damages to other people’s property or injuries.
Protect your business against employee lawsuits with employment practices liability insurance (EPLI). Small and large companies are subject to EPLI-related litigations and lawsuits, with over 41% brought against companies with 100 employees or less in recent years.
EPLI insurance provides coverage to employers defence cost against claims made by employees alleging:
When it comes to Surety Bond requirements, the team at The Insurance Market takes the time to understand our clients’ long-term business goals and analyze potential risks in order to achieve success. With in-house expertise, Power of Attorney and in-house authority to issue bonds, we are able to provide unparalleled customer service for all contractors.
TIM specializes in providing Surety Bond facilities for various types of contractors, including:
Our strong partnerships with Canada’s largest surety bond underwriters allow us to provide clients with the best terms, conditions and rates available in the marketplace.
Licence and Permit Bonds are imposed by bylaws or government regulations in order to obtain licensing to operate certain businesses (i.e. collection agents) or to obtain a permit (i.e. road cut permit).
Customs & Excise Bonds are required by the government as security for businesses collecting and remitting taxes on behalf of the Government or for businesses required to pay customs duties in the course of their day-to-day operations (i.e. Customs warehouse, transportation of goods).
Administration Bonds are often required by the Courts to ensure the faithful performance of duties in the administration of an estate.
Guardianship Bonds are required by the Public Trustee to ensure the faithful performance of duties in the care and administering of an incapable person’s assets.
Lost Securities Bonds are required as security by the Transfer Agent of Record in order to reissue securities/bonds in the event that a security/bond has been lost stolen or destroyed.
We know your business means everything to you. Operating a small business is a challenging venture at any time. Your small business is very important to us at The Insurance Market. A financial loss can be a serious threat, so we offer a variety of small business solutions at very competitive prices. Our package includes, but is not limited to, the following: