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Home Insurance

Your home is more than just bricks and mortar, it’s a place of refuge, safety and your escape from the hustle and bustle of the everyday world. Home is where the things and people you love become the primary focus. At The Shepherd Group,  we know how important your home is to you, and that’s why we go above and beyond to help our clients find insurance that will protect them and give them peace of mind.

How does Homeowners Insurance Protect me?

Fire, theft, damage from the elements like wind, rain and snow and accidents. . . these are the kinds of unfortunate events that could cause you to lose sleep at night. A homeowners policy will cover the damage to your home and contents should one of these events occur, thus making it easier for you to get that much needed rest! The personal liability portion of a homeowners policy provides coverage for personal injury to anyone on your property or visiting your home.

Each home insurance policy offers slightly different protection, however there are 3 standard types of policies as follows:

Comprehensive: This is the most inclusive policy as it covers both the building and the contents against “All Risks” except for what is specifically excluded on the policy.

Broad: This is similar to the comprehensive policy as it does provide coverage for “All Risks” however only on the building. The contents coverage is on a named perils basis and would only be covered against the risks that are listed on the policy.

Basic or Named Perils: As the name would suggest, this is a very basic policy and only provides coverage against risks that are specifically stated in the policy. Basically, if it’s not listed, it’s not covered. This type of policy can save you a bit more money on your premium, but offers much less coverage.

Any type of home insurance includes:

* Tenant Insurance

* Condo Insurance

* Rented Dwelling Insurance

* Seasonal Dwelling Insurance

 

Vehicle Insurance

So, the Ontario government mandates everyone who wants to drive a car must have 2 main things; A valid drivers license, and car insurance. We buy vehicle insurance because we have to.  We are required by law to be financially responsible for any accident we cause.

Vehicle Insurance:

The Insured — the registered owner of the vehicle

The Vehicle — self explanatory. There are vehicles other than cars and vans that can be covered on an insurance policy., such as recreational vehicles and trailers. (i.e ATVs, snowmobiles, trailers)

The Coverage — there are compulsory and optional coverage available. The compulsory coverages are:

Third Party Liability — also called legal liability coverage that provides insurance for bodily injury and property damage arising from the use, ownership, or operation of a motor vehicle subject to exclusions (i.e vehicle use, war, limitations of who may drive the vehicle, and more)

Accident Benefits — coverage for costs arising from bodily injury to the driver and passengers including medical and funeral expenses, disability and death benefits.

Uninsured Automobile — coverage for bodily injury to the name insured and to any passengers in the vehicle in a situation where the other driver is uninsured or worst, is unknown (i.e hit and run accidents).

The optional coverages are:

All Perils Coverage — this is an all – risk coverage. This is the broadest coverage.

Collision or Upset — this coverage protects the insured against loss or damage to the vehicle resulting from collision with another object which is in contact with the road surface.

Comprehensive — this coverage includes damage to insured’s vehicle resulting from any peril other than collision.

If you are tired of reading, one of our experienced Advisors will be more than happy to assist you in defining the right policy for your needs, they LOVE to chat about vehicle insurance!

We’ve established that insurance is a necessity, so if we have to buy it, we want to ensure we are getting the best deal for our dollar. Call us now!

Professional Liability Insurance

Anyone who holds themselves out as having a special body of knowledge, skill, or expertise and are paid for their work, service or advice, are professionals. A professional liability or also known as Errors and Omissions Insurance. This policy covers liability arising out of negligent acts, errors and omissions in the rendering, or failing to render, of professional services. Such failure could have harmful consequences not only your company’s financial stability but your personal assets as well. Keep in mind that your general liability policy does not provide this protection, so it is important to understand the difference.

Professional liability insurance is applicable for any professional firm including lawyers, accountants, consultants, notaries, real estate agents, insurance agents and technology providers to name a few.

 

Garage Auto Insurance

Who needs a Garage Auto Policy? Automobile dealers (new and used cars and trucks), repair garages, service stations, storage garages, parking lots, valet parking, drive away or delivery auto services and towing companies.

The Garage Auto Policy provides insurance to cover:

– insured’s legal liability for death, bodily injury and property damages to others;

– accident benefits for garage personnel

– physical damage insurance for owned vehicles for those businesses primarily engaged in the sale of automobiles. Usually, vehicles owned by the owners of repair or storage garages are insured on a standard owners policy not the garage auto policy.

– legal liability for physical damage to customer automobiles and other non-owned automobiles while in the garage’s care, custody and control.

Directors and Officers Liability

Whether your organization is publicly traded, private, or non-profit, your directors and officers are exposed to a number of liabilities. In the performance of their ongoing organizational duties, they can be held personally liable for both damages and defense costs.

Directors and Officers insurance (D&O) provides financial protection for the directors and officers of your organization in the event they are sued against their actions that affect the profitability or operations of the company.  This type of insurance can cover costs or damages lost as a result of a lawsuit. Claims can arise from a variety of sources – government, competitors, creditors, employees, as well as other stakeholders. In some cases, damages awarded are relatively minor. However, the cost of defending these types of claims can be significant, and could very well impact the financial viability of your organization.

 

 

 

Commercial Automobile Fleets and Trucking

Fleet Insurance is auto insurance for 5 or more commercial vehicles. Insuring your vehicles under one fleet policy can be less expensive than insuring each one individually. Fleet Insurance provides the same coverage and offers some added flexibility as company employees can drive any vehicle in the fleet, as long as each employee is licensed. The deductible options can differ between vehicles but the liability limits are the same for all vehicles listed on the policy.

Fleet insurance protects a company’s vehicles,vehicles hat carry employees, products or equipment. With commercial fleet insurance you can insure your work cars, SUVs, vans and trucks from damage and collisions.

If you do not have company vehicles, but employees drive their own cars on company business you should have non-owned auto liability to protect the company in case the employee does not have insurance or has inadequate coverage.

Construction and Bonding

We specialize in providing complete coverage for your company and the projects you are involved in. Whether you are a general contractor or a sub-trade we can offer a complete insurance solution to cover you and provide peace of mind.

We offer the following construction solutions:

  • General Liability Insurance
  • Professional Liability
  • Wrap-up Liability Program
  • Builders Risk and Installation Floater
  • Mechanical Breakdown (Boiler and Machinery)
  • Contractors Equipment Floaters
  • Risk Management & Loss Control
  • Environmental & Pollution Control Insurance

We offer the following bonding services:

  • Agreements to Bond
  • Bid Bonds
  • Performance Bonds
  • Labour & Material Payment Bonds
  • Maintenance Bonds
  • Prequalification Letters

Classes of contractors we support:

  • Developers
  • General Contractors
  • Manufacturers
  • Road Contractors (paving, grading)
  • Sewer and Watermain Contractors
  • Site Services
  • Subcontractors (ie. mechanical, electrical, drywall etc.)

Commercial Property Insurance

From small rental properties to multi-storey office buildings, or from warehouses to retail shopping malls, we have the knowledge and expertise to protect your commercial property with a custom insurance package. Property insurance protects the assets your business owns, including the building and equipment, from destruction or damage. Even if you run a home-based business and have home insurance, you’ll need to protect your business assets with separate contents insurance; your home owner’s policy will not cover business equipment.   Contents insurance protects your business equipment from perils such as fire, flood, or theft. To determine how much property or contents insurance you’ll need, create an itemized list of your business’s assets and their individual dollar values. Then decide which assets you actually want to insure and for what value, which will determine the insurance premium.

Helping you to determine your buildings’ replacement value and to ensure that your rental income is adequate, are some of the key concerns we will focus on in order to provide the insurance package and insurance company that is right for you.

 

 

Commercial General Liability

Commercial general liability insurance, or CGL as it is commonly referred to, is coverage that will protect your business in the event that you are sued. It is often used to cover claims against your business for injury or property damage. Typical examples include if a customer is injured at your place of business, or say an employee damages property at a client’s site.

Without a commercial general liability insurance policy, you are leaving yourself and your company vulnerable to lawsuits that could have a devastating impact on your business. It is, unfortunately, a necessary cost of doing business because the likelihood of being sued is more common than you might think. It is for this reason that commercial general liability insurance is one of the most popular business insurance products sought after by business owners.