URGENT - ICBC Update - COVID-19
URGENT ICBC UPDATE - COVID-19
ICBC UPDATEICBC has put in place a temporary contingency plan that will allow brokers to renew and make some changes without in-person contact.
There are some restrictions and limitations but please give us a call for further details. 604-469-1799 it is highly recommended that you do not come to our office in view of this COVID19 pandemic.
Please give us a call immediately to discuss so we can help.
For more information, please call us at 604-469-1799 and visit the ICBC announcement released yesterday.
5 Things You May Not Know about Insurance But Should
Insurance isn’t something any of us really want to think much about and most of us dread purchasing it. However, it is an essential part of most things in life whether that’s when we buy our first car, first home or start thinking about the future. So instead of burying your head in the sand around insurance, it’s important to learn as much as you can about it so you can optimize the policies you acquire and find the best quote for your needs.
Here are 5 things you may not know about insurance but should –
1.Insurance is a key element to protect yourself against financial ruin.
Insurance is a strange investment in that people pay for it, but hope they’ll never need to use it. Insurance may seem like a waste of money for young adults beginning their careers, but this investment may be the one thing that protects them against financial ruin for the rest of their lives. Insurance is an important investment to protect your future, and you should look for insurance that protect yourself against the risk of financial ruin at the lowest cost possible.
2. Long-term disability insurance is a key investment whether you are young or older.
If a person becomes sick or injured and is unable to work for a period of time, long-term disability insurance protects them against loss of income. Young people just starting their careers may not have much money saved yet, but they rely on their current and future incomes, so long-term disability insurance helps them protect that income and their futures.
3. Renters should purchase insurance.
When you rent a home we often fill it with belongings that are important and valuable. These contents should be insured. Renters insurance is a comprehensive way to protect all of your belongings in the event of theft or damage, and often protects these belongings both inside and outside the home. When purchasing renters insurance, it’s important to have your property and belongings appraised every year to ensure proper coverage. Individuals can purchase renters insurance through insurance companies.
4. If you need to make a claim, think of additional costs you may have to incur – your insurer may provide coverage for this.
It is important that when a claim is being raised that we fully understand what is covered under your insurance policy. For instance, if you are displaced, the insurer will likely find you and pay for accommodation while work is being done to restore your home. However, if you have any pets, there may also be coverage to keep your pets in a safe shelter until it is deemed safe to return back to the property. By identifying these details, you can save yourself money and find peace of mind through your investment in insurance.
5. There is often more flexibility in policies than you think to help you reduce the cost of insurance.
If you receive a quote that is higher than you believe you can afford, it is important to voice this to your insurance agency. While they may not be able to reduce pricing in all instances, there is often ways they can reduce the premium if you assume a bit more risk. By being clear on what level of risk you are willing to accept, will help you to find a premium that is fair and offer appropriate coverage for your needs.
One of the most important factors of insurance is finding an insurance agency that you can trust. At Leaders Insurance, we pride ourselves on our exceptional reputation across BC. Get in touch with us today to learn more!
In the Market for Security Services Insurance?
In the Market for Security Services Insurance?
Insurance for a security company in Canada is a specialized area of commercial insurance. Providing a quote and offering insurance considers the unique business liabilities that come along with it.
Why does a security company need insurance?
The standard commercial general liability policy that your typical retailer or business owner would have does not meet the needs of a security company as it contains a number of exclusions that are extremely problematic and also doesn’t include professional liability which is critical for a security company.
Examples of important coverage considerations for security companies include:
- The typical care, custody and control exclusion not being applied to property that is being protected
- Broadening of the personal injury extension to include coverage for false arrests, invasion of privacy and/or discrimination
- Failure to perform exclusion removed
- Intentional injury caused to others in defence of property or persons is not excluded
- Liability for loss or damage to property of others that is being protected is not excluded
Finding specialized insurance for a security services company –
- Insurance for alarm monitoring operations and call centres
- Insurance for investigate services
- Insurance for locksmiths
- Insurance for security guards including stationary, mobile and emergency response
- Insurance for armoured car companies
- Insurance for security product manufacturers
- Insurance for security system installers and/or access control professionals
- Insurance for security training facilities
- Insurance for sprinkler design and installation companies
- Insurance for event security, doormen & bouncers
How Much Is Insurance for A Security Company In Canada?
The simple answer to that is that it all depends. There are so many types of security companies across the county that insurance premiums range dramatically. The price all depends on the annual revenue and type of work being done. The best way to find out how much is insurance for your security company is to get in touch with an insurance agency today. At Leaders Insurance, we take the time to explain the various coverage options that are available to you.
Can you get insurance if you are a security guard?
If you are a security guard, you are one of many in a field that is only growing. When it comes to insurance, security guards are in a unique situation. Some security personnel may have insurance that is provided to them by their employers, while others may have to seek insurance that fully protects them in their line of work. Security guards face risks that others in the workforce do not; the very nature of their jobs puts them in dangerous situations, which could impact their insurance rates.
Insurance policies security guards may need
As a security guard you have a certain amount of professional liability. Your occupation is inherently riskier than most, since you are tasked with protecting property, a business, or people from harm. You may be static or mobile, serving as a bodyguard, or simply being a presence in a location just in case of emergency.
Whether you are purchasing your own insurance or are under an employer’s policy, as a security guard, you should make sure you are covered for various risks faced on the job. Consider insurance policies that include the following components:
- Automobile insurance
- Professional liability insurance
- Life insurance
- General liability insurance
Security Guard Insurance Coverage for Independent Contractors
If you are an independent contractor, you may have to find your own insurance in order to be financially protected while on the job.
Two important insurance policies to keep in mind as a security guard are property insurance and general liability insurance. When taking care of a building or business, property could be at risk of vandalism or burglary. General liability insurance and professional liability insurance could protect a security guard against errors in their reports as well as situations they have no control over that result in damage or injury.
- General liability insurance. This provides protection against liability that may arise over the course of employment. Guards are often asked to write down what they did and saw in comprehensive shift reports, but eyewitness accounts of accidents or even routine events can be faulty.
- Professional liability insurance. This provides coverage for situations where inaccurate advice was given, a guard was negligent in their duties, or a situation was misrepresented.
- Property insurance. This protects the area in question if a guard isn’t able to secure the site or is unable to prevent an act that causes damage to the property.
- Automobile insurance. This helps protect the vehicles a security guard may drive during the course of their job.