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Business Insurance in Calgary For Company Owners

Author: Smart Web
by Smart Web
Posted: Dec 20, 2013

Business insurance in Calgary gives company owners the opportunity to safeguard the businesses they have worked so hard to build. To help you protect your investment, the following are common types of business insurance plans offered by providers.

  • Commercial Auto Insurance: Commercial auto insurance
compensates company drivers and their families for medical treatments, income loss due to disability or death, and funeral costs. Commercial auto insurance policies include uninsured coverage, especially useful when an employee driving your company’s car gets injured or killed by an uninsured; direct compensation coverage, which covers damages to company’s vehicles involved in traffic accidents; optional collision coverage, which expands direct compensation coverage by compensating damages caused by impact with another car or object; and optional comprehensive coverage, which covers damages unrelated to road accidents.
  • Commercial Property Insurance: This type of business insurance in Calgary covers loss of profit caused by a disaster that makes your business uninhabitable. It also includes commercial general liability, guarding your organization against lawsuits resulting from personal injuries and property damage.
  • Commercial Surety Bonds: Commercial surety bonds insurance guarantees obligation fulfillment by a third party (insurer) acting on behalf of a contracting party unable to comply with contract terms. This type of insurance provides fiduciary bonds coverage for executors, administrators, guardians or trustees; customs and excise bonds coverage for companies involved in manufacturing, distribution, sales, import or export of goods; license and permit bounds coverage for activities involving certain levels of risk to the public; and lost documents bonds coverage, which protects your business by replacing stolen, destroyed or lost documents.
  • Contract Surety Bonds: Providing bid bonds, performance bonds, and labour and materials bonds coverage, contract surety bonds business insurance in Calgary ensures compliance with the price and quality terms specified in the contract. If you are unable to meet contract terms, the other contracting party can make a claim against your insurer to receive compensation for its losses.
  • Contractor’s Insurance: Contractor’s insurance provides general contractor liability coverage, guarding your business against third-party claims; errors and omissions coverage, which protects your organization from claims relating to design and construction errors; rented equipment coverage, which covers damages to equipment pieces rented from other companies; and contingent liability coverage for uninsured employees.
  • Farm Insurance: Including coverage for farm buildings, machinery, livestock, loss of earnings and various deductible options, this form of business insurance in Calgary is one of the best options for farmers.
  • Oil and Gas Insurance: Including property, business interruption, contractor’s equipment and general liability coverage, oil and gas insurance policy can protect you, your business and your employees in almost any situation.
  • Rental Property Insurance: Lane’s insurance provides four types of rental property coverage: 1) Coverage A, which covers a single building; 2) Coverage B, which includes detached buildings existing on your property; 3) Coverage C, which covers properties inside the dwelling; and 4) Coverage D, which compensates losses due to an insured peril.

For more information about business insurance in Calgary, contact Lane’s Insurance Inc.

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Author: Smart Web

Smart Web

Member since: Dec 05, 2013
Published articles: 493

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