When it comes to buying insurance, everyone’s needs are different. That is why, World Insurance deals with companies known for their broad product line and comprehensive coverages, we can customize an insurance policy or program to meet your company’s needs.
Property
Whether your business is a one person operation based in your home or a large industrial risk, you will be provided with state of the art protection, provided by industry leading insurance company wordings. Not only will you get all risk protection on your building and contents, but also many of the companies we represent provide extensions not normally offered.
And there's more! You can add other coverages to your commercial insurance policy.
Business Interruption
You can choose from eight different coverages, for every kind of exposure:
- No co-insurance earnings
- Gross earnings mercantile
- Gross earnings manufacturing
- Profits
- Rents (three forms available)
- Extra expense
Accounts Receivable
With this protection, you are covered for all sums owed by your customer. You can even include coverage on excess collection expenses incurred in re-establishing records.
Valuable Papers
Do you have valuable maps, books, films, or property of a similar nature? Specific coverage on these items under this form are available.
Electronic Data Processing
Most businesses cannot operate without computer hardware and software. The breakdown of the electronic equipment you use regularly in your business activities can cause major losses? Coveragae is available on your computer hardware, software and extra expense. Coverage can also be provided for this property when in transit, or at another location.
Builders Risk
Are you a builder? Broad and comprehensive coverage, with extensions for soft costs protection, wrap-up endorsement and loss of projected revenue is available.
Installation Floater
If you are a contractor performing installation work, you should consider this floater to cover property to be installed, including while in transit, as well as installation labour costs.
Miscellaneous Property Floater
If you own miscellaneous portable property (laptops, cameras, etc.), they can be scheduled to clearly identify them.
Bailees
Are you performing repairs on your customer's goods? If so, you may want to consider broad form bailees coverage. Coverage can also be provided to cover on damage to the goods actually being worked upon.
Contractors Equipment
Similar to the miscellaneous property floater, this form provides coverage for your specific, light to heavy, contractor’s equipment.
Crime & Glass
Make sure your insurance protection is complete and includes theft of money and securities, and protection against fraud, or embezzlement by an employee. Your crime protection program should include:
- Money and securities broad form
- Employee dishonesty (2 forms available)
- Blanket glass is also available for all interior and exterior glass
Liability
Comprehensive General Liability Policy
Your company's activities, its products, its operations and the incidents which may occur on your premises can give rise to legal action for personal injury or property damage, as well as various other types of injuries. Compensation awarded in such cases is often high; so high that it may even jeopardize the financial stability of your company.
Umbrella Liability
If you are interested in protection against catastrophic loss, you'll need an Umbrella Liability policy. The companies we represent offer excellent capacity and custom made terms for most types of risks.
Marine
Insurance protection are available for you in the following categories:
- Worldwide air and ocean cargo
- Logs and barge cargo
- Tugs, barges, crew and charter boats, coastal and specialty vessels
- Liabilities including P. & I., ship repairers, marinas and wharfingers
- Piers, wharves and docks
Professional Liability
Professional liability isn't only a concern to "traditional professionals" such as doctors, lawyers or accountants. If you provide any kind of specialized knowledge or service, you will require Errors & Omissions (E & O) protection.
- Errors & Omissions (E & O)
E & O insurance can be the logical addition to round out your insured's property and casualty program. Our represented companies offer a wide variety of classes; both on an individual basis as well as for an association or program.
And also available:
- Directors & Officers (D & O)
For profit or non profit organizations, limits up to $5,000,000 are available for the exposure of your directors and officers.
Boiler and Machinery
Since most "all risk" property forms do not cover machinery breakdown and exclude certain types of equipment, you'll need boiler and machinery insurance to round out your commercial insurance package. A boiler and machinery loss can have a significant impact on every aspect of your business - loss of income, loss of business, a reduction in customer service.
With boiler and machinery insurance, damaged equipment will be repaired or replaced, and additional expenses incurred to maintain your normal business activities will be reimbursed.
Excellent engineering and loss control, along with $10,000,000 in house limits, make adding Boiler and Machinery protection easy.
Miscellaneous Surety Bonds
Commercial Surety (also known as Miscellaneous Surety or Other Than Contract) Bonds also cover a range of obligations. While there are many types of bonds which fall under this heading, these products can be broadly grouped into the following classes:
- License and Permit Bonds
- Court Bonds
- Canada Customs Bonds
- Contract Bonds
- Contract Bonds guarantee a variety of construction obligations, from the bid phase to actual construction and on through the maintenance period.
Products include:
- Bid Bond
- Consent of Surety (Agreement to Bond)
- Performance Bond
- Labour and Material Payment Bond
- Maintenance Bond
- Other similar instruments that may be required to assist in fulfilling your obligations.