Check your insurance for these 3 water-related coverages
The rainstorm and flood that hit Toronto in July 2013 resulted in insurance payouts of close to $1 billion. The windstorm in May 2018 wreaked $318 million in property havoc. As freak weather events become more common, many insurance companies are changing their standard policies. Here are three types of coverage you may need to add to your home and business insurance.
#1 Sewer backup. If the city sewer infrastructure becomes overloaded during a rainstorm, raw sewage can back up into your pipes and overflow into your basement. If you don’t have sewer backup coverage, you won’t be covered for any losses associated with this kind of event.
#2 Biohazard cleanup. Raw sewage needs to be cleaned up by trained professionals. If you don’t have biohazard cleanup coverage on your home or business insurance policy, you may be paying for this service yourself.
#3 Overland water. This coverage protects you from damage to the building and contents that results from a major rainstorm where the ground is unable to absorb the water. As a result, water pools or puddles near your home or on a flat roof and flows into your home or business, damaging your property.
Does your home or business insurance cover you for a rainy day? Talk to BSMW to find out, for free.
Is your home covered for water-related damage? Find out for free.
We value your privacy
To ensure that you have the proper coverage for your dance studio, we will work with you to cover all of the bases. Managing a small, thriving business is hard enough, we will get you covered on the insurance side.
When looking for the right insurance coverage for your Martial Arts club, make sure you have the right coverage for you, instructors, and students. Many policies offer “full coverage” while excluding liability coverages; which in the event of a claim will leave you vulnerable to financial losses. *Excludes MMA
There are more hazards than suds in a Laundromat. Machine malfunctions, ruined clothing, slip and fall liability are just a few of them. However, one of the saddest situations we ever heard was a situation when one hard-working laundromat owner only dutifully insured his washers, dryers and pressers.
How long will your Markham auto wash business last if you can’t wash any cars? This is just the type of question that car wash insurance can answer and protect you from.
Our commercial agents will be able to find the most comprehensive product at a competitive price for your unique needs. With our exposure to a wide range of insurance companies, we are able to get the most competitive premium for your vehicles.
As a contractor, each job you win brings in extra money but it also brings extra risk. The same contractor’s insurance that protected you for a one-man project may not protect you during your new multi-year commercial deal.
Even when an electrician finishes a job, there is plenty more work to be done. You may have tightened up the last wires and flipped the switch but the liability from your work goes on and on. That is why you need a great electricians insurance policy.
Farming is hard work. We get it. We want to make it easy to make good insurance decisions. We will work hard to make sure you are covered with the right coverage that fits your needs.
When establishing yourself as a professional property manager, it is important to acquire appropriate insurance to protect your business, yourself and the properties you manage for others.
As a restaurateur, you know that there are many ingredients needed to run a successful business. Don’t get caught overlooking a critical piece by exposing your restaurant to unneeded risks–get a restaurant insurance policy.
When an employee steals from you it hurts. In addition to being a violation of trust, it costs you. Not only does it hurt because of product loss but it can result in higher insurance costs because of persistent claims.
If you already own a salon or barbershop then you already know how seriously your clients take their hair and looks. You probably also know the growing number of lawsuits being filed by some dissatisfied clients.
Your law firm deals with liability every day as part of its business but have you taken care of the liability in your business? A lawyers professional liability policy can give you the peace of mind that your firm can survive a lawsuit arising from a liability claim.
One thing that a Montessori school and a Montessori insurance program have in common is that no two are created equal. Finding the best Montessori school insurance coverage requires some due diligence and asking the right questions. We can help.
As an auto dealer, you have some obvious risks since the value of your business sits on display in showrooms and on open lots each day and night. But does your auto dealer insurance policy also consider the liability inherent in business transactions?
Your liability in towing and recovery comes from the vehicles you drive, the cargo you tow and the property you garage. Each poses risks that you can protect against by having the right towing business insurance coverage.
If you are managing one or more Airbnb properties, you may need more than the insurance coverage that is offered by Airbnb. Extra insurance will help you in the event of flooding, theft or personal injury by Airbnb guests. Make sure you learn the facts and get the coverage you need.
Do you serve on a board of directors? Whether it is paid or volunteer, you are in charge of the direction of a particular organization and can be held liable for financial losses, wrongful dismissal, discrimination, breaches of environmental or tax law and more. Make sure you have the proper insurance coverage.