Commercial Insurance
for Professional Service Providers
Commercial Insurance
for Professional Service Providers
Excalibur Insurance keeps Ontario thriving with
coverage you can understand and afford.
Excalibur Insurance keeps Ontario thriving
with coverage you can understand and afford.
What insurance coverage does a Service Provider need?
If you own a business in Ontario that sells a service rather than a product you might be uncertain about appropriate insurance coverage. Whether you offer services at a brick-and-mortar location, sell services virtually or bring your services to your customers, you’ve likely uncovered a range of perils to your success. The size of your business, the type of services you provide, and the risk inherent in your services all further muddy the waters of risk management. How to keep offering your services while protecting what you have built is where we come in.
Our Excalibur commercial insurance specialists are familiar with the challenges service providers face. It could be a customer whose conditions worsen after your physiotherapy treatment. Your newest consulting clients may try to pin 3rd quarter losses on your advice. Or perhaps you fall prey to an internet troll who hacks your online booking system. Any one of these potential exposures can be daunting. Rest assured that our brokers will perform a commercial insurance review of all possible coverages to protect you from significant loss.
Our team of defenders has your back, with insurance coverage to keep you open and operating.
We understand
At Excalibur insurance, our commercial specialists help you manage risk using our special process. Only buy the coverage you need; you have options to consider, and we can help you evaluate and understand them.
Professional businesses, we can protect:
- Accounting Firms
- Advertising & Marketing agencies
- Architecture firms
- Business consulting firms
- Engineering firms
- Graphic design agencies
- Human resources consulting firms
- Information technology consulting firms
- Law firms
- Medical practices
- Public relations agencies
- Recruitment agencies
- Software development firms
- Tax preparation firms
- Translation services
- Web development companies
- Writing and editing services
- Financial planning firms
- Management consulting firms
- Event planning companies
- Photography studios
- Video production companies
- Travel agencies
- Interior design firms
- Health and wellness coaching services
- Coaching and training firms
- Environmental consulting firms.
Let Us Pinpoint the Coverage You Need to Grow Your Business.
Our Excalibur Insurance Brokers will ask a lot of questions – for good reason. Professional service providers offer such a wide range of services, it is our job to determine the range of inherent risks. There will be coverages you need to begin serving clients, open a store, or protect yourself from employee actions as your team expands. As well the possibilities of data breaches or cyber-attacks all involve risk regarding profit and success.
You are busy offering first-rate client service and making decisions, let our team review what elements of your unique services pose risks. Our team is there to ensure you have exactly the coverage you require. Risk management will be critical to the success and growth of your service business.
We begin by acknowledging the risks, then prioritizing those in terms of what is most urgent, or likely. Then we’ll develop a plan to manage, mitigate, transfer, accept or even avoid those risks.
Here are a few areas of specialized concern you may want to consider when reviewing your coverage.
- Business Interruption Insurance for Professionals
Life happens, and accidents can occur at any time. If something happened that forced you to close shop or discontinue your services for a while, you might still be left on the hook for lost profits, rent, utility expenses, and employee wages. This coverage will help cover these costs up to the amount of loss that was sustained so you can open your doors once everything is back to business as usual.
- Contractual Risk
This covers the agreements between your business and a third party, such as a distributor or a retail business, for your business to produce and sell an agreed-upon quantity of your product. Failure to meet this deadline may result in reputational harm and a client could refuse to work with you later.Contracts should be effectively communicated, staff should be trained and up to date on priorities, and your business should avoid taking on tasks that are beyond its capacity to handle or clients that may have conflicting expectations.
These are just a few of the risks your employees and customers face. To keep your team operating at its best our Excalibur Commercial Insurance specialist will review coverage options with you.
Business Insurance for Professional Service Providers
A vital component of risk management, business insurance acts as a form of risk transference. Unfortunately, not all risks can be avoided. Thankfully, business insurance is available for service providers. With the help of experts like the commercial brokers at Excalibur insurance, you can get yours for less.
Not sure what coverage your business may need? See below for a sampling of the types of Commercial Insurance coverage that may benefit your company and protect your assets. A well-protected business is a reliable one – able to confidently take on the next project without fear of ‘what ifs’
Implementing a plan that relates directly to the service you provide is vital to ensuring your livelihood is protected. Accurate risk management strategies that reflect your business’ exposures and manage, transfer, avoid, or accept your risks respectively will help your business continue to operate for years to come.
You can obtain a commercial insurance review for your business by applying for a quote today with Excalibur Insurance.
You deserve an insurance broker who leaves nothing to chance, wants to save you money – and is willing to tell you the unvarnished truth.
OR, Just give us a call and speak to an Excalibur Defender
Learn more over at our Blog!
