Commercial Insurance – What You Need To Know

Any business owner who values the investment they have made in their business should carry commercial insurance. It is simply insurance designed specifically for business. It is arguably one of the most important financial investments that a business can make. Commercial, or business, insurance is designed to help protect your business from potential loss that can be caused by a number of various situations.

It can guard against losses that are derived from theft, both internal and external, as well as property damage, and liability. Just about any business that operates today does so under the threat of lawsuits from suppliers, partners, customers, and the general public at large.

There are a variety of insurance options that are available for just about every type of business. Determining which level of coverage is right for your business can seem like a daunting task. That’s why it’s important to contact a professional insurance broker to help you sift through the minefield of options. Believing that you will save your business money by avoiding insurance right now is taking an unnecessary risk. Business insurance is more affordable than you may think.

Protecting against Other Commercial Losses

Commercial insurance can also be used to protect against losses that stem from interruption of the business operating schedule. Potential disruptions in the business’s operating schedule can include weather-related events or other factors that are beyond the control of the business owner.

Choosing to Operate without Commercial Insurance

Many business owners decide not to carry commercial insurance because they feel that the money that is invested in insurance could be put to better use towards other aspects of the business. However, any business owner who decides to forego commercial insurance is placing not only their business in jeopardy but may also put all employees who work for the business owner at risk.

Contact a professional insurance broker at James Campbell Insurance Brokers today to find out how you can protect your important investment of time and money that you’ve already placed into your business.

Commercial Insurance for Auto Repair Shops and Garages

Auto repair shops and auto garages are, in many ways, similar to other commercial businesses. However, they face unique liability challenges. Many existing commercial insurance policies offered today leave gaps in coverage for auto repair shops and garages, but James Campbell Insurance has addressed those gaps and now provides policies with the optimal level of insurance protection for these types of businesses.

  • Garage Liability
  • Hoist Collision
  • Business interruption, actual loss sustained
  • Identity Theft
  • Stated Amount
  • Tow truck operations incidental to garage operations
  • And much more

These are a few of the key provisions that help protect these vital businesses. Many companies face various liability, damage, and other risks, but the auto repair shop and auto garage industry is unique in many ways.

Be Protected Better Under the Law

In Canada, it’s the law that certain businesses have specific insurance policies in place. A Garage Automobile Policy is required for auto repair shops, auto garages, and any service or company that’s responsible for the custody and care of customer vehicles.

Obtaining the ideal level of coverage should be of the highest priority for any auto repair shop that aims to stay in business for many years. There are many risks associated with operating a business today; limit the exposure to risk your company faces with the optimal commercial insurance specifically designed for auto repair shops, garages, and other similar businesses.

Contact a broker at James Campbell Insurance to learn more about the benefits of this new coverage option.

Looking for Errors & Omissions Insurance?
(Professional Liability Coverage)

Key Features and Coverages We Can Get You:

Our job is to help protect you from potential allegations and claims from clients or parties who feel they have been harmed by your actions (or inactions) as a result of hiring you to provide them with professional services.

We know that even when such claims are frivolous, the cost to defend yourself or your business can be financially crippling if you are not properly insured.

That’s why we work with leading E&O insurance markets to bring you the features and coverages you can depend on:

  • You can get up to $25 million limit of liability available in either Canadian or U.S. currency.
  • Your claims coverage would include both monetary and non-monetary relief, including costs for arbitration, mediation or similar alternative dispute resolution situations.
    Your policy would cover your subsidiaries too – companies and businesses you are a majority owner of. In addition, if you acquire or form a new subsidiary within the policy period, they are automatically covered too as long as their assets do not exceed 25% of the total assets of your insured organization.
  • You would be covered worldwide – your policy applies to claims and wrongful acts occurring anywhere in the world.
  • You have flexible limit options – you can opt for a multi-year deal (up to 3 years) at the same premium with reinstatement of the original limit each year.
  • Your policy cannot be cancelled by the insurer for underwriting issues, claims etc. The insurer would only cancel for non-payment of premium.
  • Your claims would be directly paid by the insurer, not you. You would not have to pay the claim and then get reimbursed.
  • You would be covered for defense costs (duty to defend) even if the allegations against you are groundless, false or fraudulent.
Types of Professionals and Service Providers we can help with…Click Here
  • Accountants/Bookkeepers
  • Advertising Agencies
  • Appraisers
  • Architects
  • Benefit Plan Administrators and Consultants
  • Civic Organizations
  • Claims Adjusters
  • Consultants
  • Court Reporters
  • Data Processors
  • Debt Collection Agencies
  • Drug Testing Services
  • Employee Benefit Consultants
  • Employment Placement Agencies
  • Engineers
  • Event Planners
  • Farm Managers
  • Foresters
  • Funeral Directors
  • Graphic Designers
  • Home Inspectors
  • Hotel Managers
  • Human Resource Consultants
  • Interior Designers
  • Kennel/Pet Instructors
  • Land Surveyors
  • Land Title Agents
  • Life Skills Coaches
  • Lumber Graders
  • Mailing Services
  • Pastoral Services
  • Personal Counsellors
  • Printers/Publishers
  • Private Investigators
  • School Boards (Board of Education Liability)
  • Private Schools (Board of Education Liability)
  • Property Managers
  • Real Estate Agents
  • Resume Services
  • Social Services
  • Translators
  • Travel Agents
  • Urban/Town Planners

Cemetery Insurance

Owners of funeral home and cemetery like you, face challenges other business owners do not have. Your funeral home and cemetery business is based on a tradition of compassion and your door is always open. Through caring and giving attention to detail, you earn your customers’ trust during their toughest times. You makes their life a little bit easier. It’s what sets you apart and makes the business you are in different from any other.

You need to protect your business and yourself with liability coverage, which are specifically designed to meet the needs and exposures of owners or operators of a cemetery. This coverage can be designed to protect you from damages claimed by third parties, as a result of the rendering or failing to render professional services of the owner, operator, management, or staff of a cemetery. It could also protect you from liability issues with regard to employees and visitors.

There are many insurance companies that charge cemeteries rates, which are made for far more hazardous occupations. The exposure of a backhoe in a cemetery is far less hazardous that the exposure of a backhoe on a construction site where it is much more likely to incur bodily injury and property damage, such as damage to underground wires and tanks. This means that an employee working at a gravesite doesn’t have the same exposure as an employee working at a construction site at the edge of a highway therefore there is no need for them to be charged the same rate.

As a business owner and someone who deals with grief as part of their profession, you know that there are and will always be uncertainties; it comes with the territory. Allow us to shoulder some of the burden, so that you can focus on what you do best—taking care of your customers’ wishes.

James Campbell offers various coverage options that meet the needs of cemeteries, large and small. What makes us different from the standard company is our unique understanding of your business. We offer cemetery insurance that is affordable, reasonable, and will protect your investment in assets as well as in any and all employees of the property.