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Showing posts with the label property insurance

Things You Must Know About before buying Property Insurance in Canada

  In addition to life insurance companies, there are many companies that offer property insurance in Canada. Having property insurance in Canada helps you protect your property and its contents in case of loss, theft, or damage to the interiors and exteriors of your property. It may also cover other living expenditures if you are temporarily incapable of living on your property. These extra living expenditures may contain residing in a hotel or leasing a residence.   Property insurance covers: ●      damage to your property ●      damage, theft or loss of your possessions in the property ●      personal property robbed from your automobile ●      injury or damage to others who visit your property ●      unexpected damage you cause to someone else’s property   Insurance firms also refer to property insurance as home and casualty insurance. Property insuran...

Why is it necessary to have Construction Insurance in Canada?

Construction is one of Canada's big business industries, and it provides jobs to more than 1.2 million Canadians. The compound annual growth rate is up to 8.5% by the year 2024, and it makes growth around $354.9 billion. Due to its increasing growth, it is also essential to get it insured so your workers can work without any worry and efficiently.   Planning for future risk management and construction coverage insurance for any construction company is key to staying ahead. However, there are two common types of risk are involved  Property damage Causing injury to third party   All the contractors, electricians, renovation contractors, and HVAC technicians need to obtain a minimum of $200,000 contactor liability insurance and maintain valid construction insurance in Canada . In a risk-laden construction business and for a risky environment, construction coverage insurance in Canada is a must.   This Construction insurance in Canada will p...