Secure Your Business's Future with Tailored Insurance Solutions
Protect Your Business with Tailored Insurance Solutions that Bolster Growth and Secure Your Assets. Let Us Handle the Risk, While You Focus on Success!
Comprehensive Coverage Solutions for Every Business Need
Comprehensive Coverage Solutions for Every Business Need. Tailored, Efficient, and Reliable.
General Liability Insurance Coverage
General Liability Insurance: Covers legal liabilities, including injuries, accidents, and negligence, ensuring your business operates smoothly without fearing unforeseen legal complications.
Professional Liability Coverage
Tailored for service providers, this insurance covers claims related to negligent services or errors, ensuring protection against costly lawsuits and financial liabilities.
Comprehensive Property Coverage
Protect your company's physical assets including your workplace, equipment, and stock against theft, natural disasters, and accidental damage with our comprehensive property insurance.
Business Interruption Coverage
Business Interruption Insurance: Covers lost income during closures, ensuring financial stability while your business recovers from unforeseen disruptions.
Testimonials
Jasmine Richards
Really impressed with their General and Commercial Property Insurance. Super helpful team, quick to respond in emergencies. Keeps my shop covered and stress-free!
Monica Chandler
Switched to Insurance for Businesses after trying others. Their Commercial Property and Professional Liability options outshine the competition. Finally, coverage that meets my expectations.
Thomas Krazinski
After a fire halted our operations, their business interruption insurance really helped keep us afloat. The support was seamless and worry-free.
FAQs
Quick Answers to Your Key Insurance Questions
What is Corporate -Owned Life Insurance or COLI?
It is an insurance purchased by a business to cover an employee, officer, partner, or other key person. The company owns the policy, pays for the premiums and is named as the beneficiary.
Canadian businesses can leverage corporate-owned life insurance for financial planning, tax advantage and protection tool.
What are the types of COLI policies?
Term Life policies offer pure death benefit only with lower premiums but no cash value accumulation at a specified period of time such as 10, 20, or 30 years.
Non-par Whole life: Fixed premiums with guaranteed cash value growth over time.
Participating Whole life: With dividend payments
Universal life: Flexible premiums and offers a wider range of investment options.
What are the advantages and benefits of COLI?
It reduces tax cost of life insurance premiums.
Provides financial protection against the loss of key employees
It offers tax-deferred cash value growth
Protection against revenue loss
Coverage of corporate debts
Funding buy-sell agreements
Efficient funding vehicle for executive benefits and deferred compensation
Tax-free transfer of insurance payout
Are COLI premiums tax deductible by the purchasing company?
No, premiums paid are derived from after-tax funds.
Can you access the cash value in the policy?
Yes, Owner of the policy is allowed to borrow or withdraw against the cash value. The policy can be surrendered at any time and the cash value will be paid to the owner.
Is the proposed insured key employee required to undergo medical underwriting?
Yes, key employees are required to pass medical underwriting.
