The hardening Canadian insurance sector is facing immense challenges amid the ongoing pandemic scenario. Several ‘hard-to-place’ risks followed by new risks and exposures are keeping clients and retail brokers boggled alike. A major concern about the Canadian insurance landscape is restricted or limited coverage offerings by traditional insurance providers.
The ever-changing market exposures accompanied with increasingly unique risk profiles across industrial verticals necessitates insurances that protect the entities against these newly encountered risks.
CHES Special Risk offers specialist covers for a comprehensive list of products across sectors. Customized insurances with realistic covers is a must-have for everyone in the current unprecedented times.
As an award-winning MGA renowned for its custom-made coverages, market offerings and diverse market exposure, the company became a Lloyd’s of London approved coverholder in 2009.
A niche market positioning offering numerous insurances for retail brokers’ clients in life sciences, restaurant, salon & spa, construction, IT, jewellery stores, home renovation, motor truck cargo and many more.
Following is a list of 10 types of insurances every Canadian can swear by!
1. Jewellers insurance in canada
Jewellery store clients including wholesalers/retailers/manufacturers, pawnbrokers, antique dealers, art galleries & dealers, etc. need competitive packages in line with the contemporary industry scenarios. Jeweler’s Block Insurance is a must for them.
2. Terrorism, Riots and Strikes Insurance
A must-have for recent times, such insurance with specialist coverages safeguards against business interruption and property damage as a result of unforeseen terror attacks.
Spa insurance in Canada is a must with an increasing number of spa and salon clients introducing new services/treatments. Specialized covers for buildings, contents, equipment, business interruption, medical malpractice, CGL, errors & omissions must be opted for.
4. Cannabis insurance in canada
Cannabis insurance is required for business owners/operators facing high liabilities and exposures, government-mandated legal requirements and financial roadblocks in their cannabis related business.
5. Welders Insurance
Welder Insurance is a must for protection against the diverse high-risk on-site mishappenings. Comprehensive covers that include installation floater, tool floater, unscheduled contractor’s equipment, boiler & machinery, business interruption, crime coverage, etc. is your gateway to safeguarding your client interests.
6. Student Rentals Insurance
Rental property can mean high exposures and unique risks for your rental property clients, necessitating covers for broad form or named perils form, multiple properties in one policy with costs savings, sewer back-up, multi-room units and much more.
7. Restaurant insurances in canada
Adhering to strict CaféTO program & patio placement guidelines is the latest menace for your restaurant clients. CHES Special Risk’s customized restaurant insurances in Canada is your go-to product.
8. New Venture Insurance
Your new businesses clients are usually ignored by traditional insurers, but need needs-based, business-specific covers. Heading to an award-winning MGA at the earliest is the best bet.
9. Allied Healthcare Insurance
Medical Malpractices in Allied Healthcare are a recent buzzword that can cause severe financial and legal loss. Allied Healthcare (profit and not-for-profit) Insurance safeguards clinics, surgical centres (including cosmetic), community support services, mental health, addiction, imaging, and diagnostics related clients.
10. Comprehensive General Liability (CGL)
Faced with greater challenges, higher risks and wider exposures your clients need CGL covers which comprise of product liability, errors & omissions indemnity, tenants legal liability, product recall expenses, faulty workmanship, etc.
Head straight away to CHES Special Risk - Canada’s leading insurance company for over 250 product offerings across industrial verticals.
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