Commercial Services

Umbrella Liability

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.

Directors and Officers Insurance

Directors & Officers Insurance (D&O) provides financial protection for managers, directors, officers or board members who are personally sued for alleged wrongful acts or duty. D&O insurance will provide coverage for damages, defense costs, settlements and awards that these individuals could face and be forced to pay out of pocket. If your company is privately owned, publicly traded or not for profit, then you need D&O insurance. We will get you and your organization covered with a liability solution to protect the personal assets of any individuals at risk in the event a claim is brought against them to ensure your company is protected.

D&O Risk Scenario

  • Inaccurate or inadequate disclosure
  • Failure to comply with regulations
  • Breach of fiduciary duty resulting in financial losses or bankruptcy
  • Lack of or poor corporate governance
  • Mergers and acquisitions
  • Competitor claims
  • Divestitures
  • Reporting errors
  • HR and employment practice issues
  • Misrepresentation

Employment Practices Liability Insurance

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:

  • Discrimination
  • Wrongful Termination
  • Harassment
  • Wage & Hour Disputes

Surety Bonds

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:

  • General Contractors
  • Subcontractors
  • Service Operators
  • Heavy Equipment
  • Contractors
  • Suppliers
  • Manufacturers
  • Specialty Contractors

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.

Commercial Surety Solutions

Commercial Surety Bonds are required to secure a number of obligations. These obligations are imposed by bylaws or government regulations for licensing and customs and excise duties and taxes remittances, by the Courts or Public Trustee for administration of estates or guardianships. In some cases, Commercial Surety Bonds are required as security in connection with contractual obligations of private organizations or corporations (i.e. replacement of lost securities).

Commercial Surety Bond Classes

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.

Small Business

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:

  • Business Interruption
  • Accounts Receivables
  • Valuable Papers & Records
  • Proof of Loss Preparation
  • Stated Amount – Waiver of Co-Insurance
  • Blanket Glass
  • Profits and or Rental Income
  • Off Premises Services
  • Interruption
  • Crime
  • Employers Liability
  • Spoilage
  • Equipment Breakdown

Additional Solutions

  • Travel Insurance
  • Cyber IT Insurance
  • Aviation
  • Chemical
  • Communications, Media and Technology
  • Construction
  • Executive Risk
  • Franchise Solutions
  • Health Care
  • Hospitality and Gaming
  • Industry Group
  • Programs
  • Manufacturing
  • Marine
  • Real Estate
  • Retail and Wholesale
  • Sports and Entertainment
  • Transportation and Logistics