Skip to main content

10 Types of Insurance Everyone Needs

 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. 



3. Salon & Spa insurance

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.


Labels:

Comments

Post a Comment

Popular posts from this blog

CHES Special Risk Inc. Supports Canadian Constructions Industry

Roofing Contractors Insurance as Provided by CHES Special Risk Inc. Supports Canadian Constructions Industry Ottawa, Ontario – CHES Special Risk Inc. today emphasized their capabilities of their Marketing leading Roofing Contractors Insurance Program. “There are a substantial number of different roofing systems that have been developed by the Roofing Contractor to respond to the needs of the Architects and Engineers that design and Build many of today’s structures, whether they are Commercial, Residential or Sporting facilities”, said Douglas Everett, President of CHES Special Risk Inc. “Many applications are done at extreme height, and often on existing buildings where there are not only considerable risks involved in the construction of these roofs, but also with the surrounding risks of Property Damage and Bodily Injury” Here are just some of the different Roofing Applications that we can consider at CHES Special Risk Inc: Shingle, Wood shingle, Shake (shingle), Sla...
Post a Comment
Read more

What is Jewellers Block insurance?

 A standard Jewellers Block insurance policy will provide coverage for a wide range of risks, tailored to your business. Our exclusive Jewellers Block policy is developed specifically for jewellers, and offers 100 percent Lloyds of London security with market-leading cover. Commonly covered risks include: Theft , including shoplifting, burglary and robbery Accidental damage Business interruption due to fire, robbery or other incident Property whilst it is on your premises, on loan or display in an exhibition, and in a transport vehicle. Terms and conditions apply. There are things that a policy won’t cover — like employee dishonesty or unexplained loss — but for the most part, Jewellers Block insurance can be as comprehensive as you need it to be. What if I need more cover? There are a wide range of available extensions and additional benefits for jewellers who need more cover for the unique risks they face in their business. You may want to consider additional cover if you a...
1 comment
Read more

CHES Special Risk launches miscellaneous professional risks E&O offering

CHES Special Risk  has unveiled its latest offering: an errors & omissions (E&O) insurance solution for miscellaneous professional risks . The insurance offering, available through brokers, is for industries such as (but not limited to): fork lift training, photography, recruitment consultants, event planners, interior designers, tour operators, social media consultants, property managers, trade associations, health & safety inspectors, shipping and freight consultants, and forestry consultants. “We have access to some new markets from Lloyd’s of London that are exclusive to us,” said CHES Special Risk president and CEO Gary Hirst. “This allows us to offer errors & omissions insurance in canada for a whole range of industries which are difficult to place in Canada.” CHES Special Risk senior underwriter Ashley Scandlan added that many businesses offering consultancy services are typically underinsured, since they lack awareness of their own risk exposures. “For any ...
Post a Comment
Read more