Auto Insurance 

In Canada and especially the province of Ontario, Auto Insurance is constantly evolving to accommodate changes in drivers behavior, regulation and car technologies. New uses such as ride-sharing are changing how we drive everyday. Car owners can incur significant costs if their vehicles are damaged or destroyed in an accident whether they were at fault or not. There is even greater potential for injury and the expenses of dealing with sudden death from an accidents. The extreme costs of such accidents warrant an Auto Insurance policy that covers you and why many Insurance companies in Ontario are ready to provide you with the right coverage at the right price.A standard Auto Insurance policy would likely have the following types of coverage’s: Third Party Liability, Direct Compensation-Property Damage, Physical Damage and Accident Benefits. It’s important to speak to a Licensed Insurance Professional to understand all of the various options when purchasing Auto Insurance in Ontario.

High Risk Auto Insurance 

In Canada, Auto liability coverage is required for individuals or organizations that operate cars on public roads. Some organizations also choose to purchase property vehicles for their vehicles. Since Auto Insurance in Ontario is mandatory, all drivers must have the required and provincially regulated Auto Insurance Coverage. However, individuals that may have had too many tickets or accidents in the past may find private Auto Insurance challenging to find or too expensive from standard Insurance Companies because they have been labelled as too High-Risk. Unfortunately, High-Risk Drivers have limited options even though good drivers make mistakes. Their Auto Insurance rates could be significantly higher than usual, and that’s why it’s best to speak to a Licensed Insurance Broker to learn about all of your High Risk Auto Insurance options.

Errors & Omissions Insurance 

Errors and omissions (E&O) insurance generally provide coverage for defence costs including legal actions that turn out to be groundless. However, often excluding negligent acts other than harm to a customer caused by errors and omissions (“mistakes”). Consultants most often use it, freelancers and independent agents of various sorts, including management and IT consultants, information technology service providers, freelance designers, real estate brokers, independent agents, appraisers (there are E&O policies developed explicitly for software developers, and other technology professionals such as website hosting companies). While some policy wordings are designed to satisfy a stated minimum approved wording for a particular business type, which makes them easier to compare, others differ dramatically in the coverage they provide. Speak to a Licensed Insurance Broker to learn more about Errors and Omissions Insurance.

Directors & Officers Insurance

Directors and Officers (D&O) liability exposure increased for many organizations after the Enron collapse followed by the 2008 financial crisis. One of the most common D&O lawsuits is a securities lawsuit. This type of suit usually alleges that the corporation’s directors and officers made material misrepresentations in public or private communications that artificially inflated the value of the stock. D&O coverage is provided on forms developed by the insurers who write this coverage which tends to be very specific Insurance Companies in Canada. The D&O insurance is usually purchased by the company or independent Directors and Officers of an organization for their sole benefit. It’s best to learn more about Directors and Officers Insurance from our Licensed Insurance Brokers. 

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