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Follow our blog for tips to protect yourself, your business and your lifestyle.

Personal Life Insurance

Life Insurance is a legal contract between you and a life insurance company. The contract outlines how much money will be paid to your beneficiaries upon your death, how long the insurance will cover you, and the cost of your premium which is the amount of money you will pay every month to get the insurance.

2 Types:

1. Permanent Life Insurance provides coverage for as long as you live and pays a tax free cash benefit to your beneficiaries. The premiums can be guaranteed for life which means that the premiums will not increase as you age and/or if your health changes. Some Permanent Life Insurance plans allow you to pay for a limited number of years although you will be covered for life.

2. Term Life Insurance is temporary and covers you in case of death for a specified period of time. It pays a tax free cash benefit to your beneficiary. Term Life Insurance provides coverage for one person or you can purchase Joint Term Life Insurance to cover two people who share a joint risk. It offers the lowest initial cost and does offer some degree of flexibility so that you can adjust your insurance as your needs change. These policies may be renewable without providing proof of health; however the cost of the premiums will increase so that they are appropriate to your age at the time of renewal.

Group Benefits

Group Life Insurance Benefits play a huge role in providing peace of mind for employees and their families in the event of a tragic death.

There are a few components to Group Life Insurance – Employee Life Insurance, Dependent Life Insurance, Optional Life Insurance, Spousal Life Insurance, and Terminal Illness or Living Benefit.

Employee Life Insurance: Will pay a pre-specified amount in the event of the death of an employee from any cause.

Dependent Life Insurance: Will provide financial protection to an employee if his/her spouse or child dies. The benefit is designed to pay for illness and funeral expenses, not as a replacement for lost future income.

Optional Life Insurance: This is term life insurance that is available in addition to Employee Group Life Insurance, giving plan members the opportunity to add more coverage. By combining Employee Group Life Insurance with Optional Life Insurance a plan member can obtain the amount of coverage that he/she requires in order to provide:

Spousal Life Insurance: Insurance for the spouse of a plan member.

Terminal Illness or Living Benefit: This will advance the plan member 50% of the Group Life Insurance amount upon proof of diagnosis of a terminal illness where a plan member’s life expectancy is 12 months or less.

Accidental Death and Dismemberment

Accidents can happen, and they unfortunately do, sometimes with severe consequences. However, at The Shepherd Group, we can offer you protection against these unforeseen circumstances – Accidental Death and Dismemberment Insurance. It protects the employee and his/her family against the financial hardship that sudden death or dismemberment can cause. Accidental Death and Dismemberment Insurance provides coverage 24 hours a day, whether the employee is on or off the job.

The benefit paid is based on the dollar amounts assigned to the injury – the more serious the injury the greater the payment.

Accidental Death and Dismemberment Insurance can provide financial security and allow the plan member to make necessary lifestyle changes as a result of an accident.

Group Extended Health Care

We understand that there are many medical expenses that are not covered by the current government health care plan. Extended Health Care helps employees and their dependants pay for necessary medical expenses that aren’t covered by OHIP. Each Group Extended Health Care plan can be customized to meet the specific requirements of each organization with a variety of options including: Medical Services and Supplies, Prescription Drug Plans, Vision Coverage, Dental Coverage.

At The Shepherd Group, we have Advisors who can find you the right Group Life Insurance Policy to suit your employees needs. Contact one of our advisors today or phone us at 1.844.249.1700!

Stallion Permanent Disability

Stallion availability insurance provides coverage on the stallion so that in the event he is unable to cover the mare the required number of times to fulfill the barrenness insurance requirements for any reason whatsoever, the investment in the season is protected. This coverage can be incepted at the time the season is purchased, and expires automatically at the end of the breeding season unless specific arrangements are made otherwise.

Please contact us to speak to one of our knowledgeable advisors or click here to chat live and get a quote today!

Prospective Foal Coverage

 

In Utero, or Prospective Foal Insurance can be effected independent of Barrenness coverage, and attaches once the mare has been declared 42 days in foal or more. This coverage can be effected not only during the breeding season of the year bred, but also on mares purchased at public auction later in the year. Insurance protection against the birth of twins can also be purchased provided an ultrasound is performed when the mare is 15 to 35 days in foal showing a single fetus to be present.

Please contact us to speak to one of our knowledgeable advisors or click here to chat live and get a quote

 

 

 

Equine Mortality

The most common insurance policy written for horses is an all risk mortality policy. This type of policy provides coverage on the animal for death due to any cause, and generally includes coverage for theft and unlawful removal, poisoning, and willful and malicious misconduct. The policy is usually written on an annual basis, and the animal must be proven to be sound of health at inception to effect coverage. Completion of a satisfactory veterinary certificate at policy inception is the accepted means of proving the horse to be “sound of health at inception”. At TSG we offer mortality policies for the following horses:

  • Yearlings
  • Stallions
  • Broodmares
  • Racers
  • Colts
  • Geldings
  • Overaged Broodmares & Stallions
  • Foals & Weanlings

There are some extensions that are offered on the mortality package to cover the following: Surgical Operations – For annual mortality policies, all surgical operations are covered at no additional premium. There is a small additional premium for this coverage if there is known to be a pre-existing condition. Emergency Life Saving Surgery Costs Extension – This extension provides coverage up to $3,000 for emergency surgery at no additional premium. You can also purchase $5,000 and $10,000 limits for a small additional premium. Please contact us to speak to one of our knowledgeable advisors or click here to get a quote today!

Barrenness Coverage

Equine Insurance

Barrenness Coverage

The mare can be insured against barrenness, which insures that provided the mare is covered by the stallion a minimum of two times during two separate oestral periods she will get in foal. The barrenness policy is usually written in a package with an in utero, or prospective foal policy, which picks up as soon as the mare is actually in foal. The in utero coverage insures that she produces a live foal that lives to a specified age set forth at policy inception.

The options for the expiry of this type of policy are to 48 hours after the birth, 30 days after birth, 6 months or one year after the birth of the foal, with the rate charged being influenced by the option chosen.

Please contact us to speak to one of our knowledgeable advisors or click here to chat live and get a quote today!

Business Insurance

Choose From 7 Comprehensive Business Insurance Policies

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.

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.

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.

Construction & 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 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.

Directors & 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. 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.

Garage Insurance

Who needs a Garage 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.

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 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.

Auto Insurance

Auto / Car Insurance Toronto, Ontario – For The Speed Demon In All Of Us!

You have a vehicle, you need car insurance – we can get you the best deal AND get the insurance YOU NEED at an affordable price. For all you parents of new drivers we CAN help you find the best type of car insurance coverage to protect them — we CAN’T, however give you any advice on how to deal with teenage angst — sorry, we KNOW our limitations!

Some Tidbits of Info about Auto Insurance

 

I. Auto Insurance Coverage Simplified

We know how complicated auto insurance in Ontario can be. It seems that every time you turn around, they are changing the rules. Well that’s because, they are. Unfortunately, we can’t change that however, we can do our best to help you understand what coverage you need and why you need it. Want more explanation? Feel free to continue reading on however, if you are already loving us and are ready to check out our rates, click here and jump right into getting your auto quote now.

 

II. Must Have Auto Insurance Coverage – The Cliff Notes Version

So the Ontario Government mandates that everyone who wants to drive a car must have 2 main things; A valid drivers license, and car insurance. A brief outline of the mandatory coverage is as follows:

Third Party Liability: This coverage protects you if someone is injured or killed or their property is damaged. It will pay for legitimate claims made against you up to the limit of your coverage, and will pay the costs of settling the claim.

Accident Benefits: Provides benefits if you are injured in an auto accident regardless of fault. These include, medical care, rehab and attendant care, replacement of your income to a certain limit, an allowance when a caregiver is injured and funeral expenses and death benefits when a person dies in an accident. These limits have changed with the new Auto Reform that the government has just recently put in to place, and are outlined in a more detailed way here if you want to read about these changes.

Uninsured Motorist: Protects you if you are injured by another driver that happens to not have insurance, or by a hit and run driver.

Direct Compensation/Property Damage: Pays for the damage to your car when another motorist is responsible for the accident.

That’s mandatory coverage, in a nutshell. There is of course more coverage that you can purchase if you wish to do so. If you want to read more about that, please do! However, if you are getting tired of reading, and just want a quote, click here and check out our rates.

 

III. Car Insurance Coverage of Your Choosing

Now comes the coverage that you are allowed to choose to suit your needs.

Collision: Pays for the damage or replacement of your automobile if you are involved in a collision with another vehicle or object, and “oops” it happens to be your fault.

Comprehensive: Pays for damage to your car for things like fire, theft, glass breakage. That even includes damage by falling or flying objects or missiles (seriously, even missiles! What? It could happen, better to be safe than sorry!)
There are also a bunch of things we insurance people like to call “Endorsements” which cover you for all sorts of things like, if you need to rent a car when you go on vacation, or if your car is un-driveable because of an accident and you need a replacement.

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 car 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. So what are you waiting for? Click here to get that quote and see what TSG has to offer you.

What bugs you about Insurance?

Recently, we posted a question on the twitter page of one of our marketing team members, Danny Brown, asking people “what are your insurance peeves”. 

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