Get a quote

×

Join Our Distribution List Today!



×
Need help managing your business risks during COVID-19? – CLICK HERE FOR INFO YOU CAN USE
ALIGNED Insurance

Call Toll Free
1-866-287-0448

E-news | COVID-19 and ALIGNED insurance brokers of Canada

E-news | COVID-19 and ALIGNED insurance brokers of Canada

ALIGNMENT Matters | insurance insights & news

people helping people
Call us toll-free at 1-866-287-0448

What “we” know and don’t know about COVID-19 and business insurance

There is no precedent for what we are all facing, and our primary hope is that you and your loved ones are, and remain, safe and healthy! We are honoured to be an essential service and the entire ALIGNED Insurance team is doing everything we can to help navigate these uncharted waters for our clients and those in need of assistance. 

Regardless of whether you are currently an ALIGNED client or not, we are here to help. We are doing our absolute best to keep everyone informed about COVID-19 / Coronavirus issues pertaining to business insurance through the posts we’ve created and shared already and ongoing communication like this e-newsletter.

ALIGNED is built upon the spirit of helping others. I’m so proud of the work our entire team is doing to ensure our clients continue to receive the best advice, experience, products and pricing from the insurance marketplace during these difficult times. Examples of things we’ve helped with recently are:

Understanding business interruption and COVID-19

We acknowledge that things continue to develop and change every day. Therefore, we are closely tracking emerging developments surrounding business interruption because there is a lot of information as well as misinformation out there. Business interruption due to COVID-19 has quickly become a political, economic, social, legal and insurance issue which will evolve in the coming weeks and months.

We are also keenly aware that there are numerous commentaries and opinions that have been prepared by various law firms, politicians, accounting firms, insurers, industry associations, etc. Some may suggest that current case law supports the trigger of business interruption coverage, and some may indicate the opposite.



Business insurance Canada | During COVID-19 and beyond…

We want to be absolutely clear that we will do everything we can to ensure all ALIGNED clients get any/all claims covered, but we also don’t want to mismanage expectations or provide false hope. Most importantly, we are more than happy to review coverage on a case-by-case basis with clients and will strongly advocate on any/all claims that our clients wish to formally report at any point.

As always, know that we are ALIGNED with you and our focus remains unchanged. We continue to support our clients and answer any/all questions. We are also constantly connecting with our insurance company partners, posting information about COVID-19 and business insurance on our website and sharing insights on social media.

Buying or renewing business insurance Canada? Got a claim? Here’s how to remotely manage…

  1. Insurance claim? Report it 24/7/365. Call 1-844-890-3213.
  2. Have a question? Call your ALIGNED Advocate or us toll-free at 1-866-287-0448.
  3. Need insurance? Get your quote started now using our simple online form. 
  4. Get many fully online commercial insurance products on alignedinsurance.com.
  5. Need to pay an ALIGNED Insurance invoice? You can pay online here.

Please reach out. We are here to help. Contact an ALIGNED Insurance team member.

If you have questions or concerns, please call us toll-free at 1-866-287-0448. Leave us a Live Chat message on our homepage, send me an email  or contact any of us

We are continually monitoring the marketplace and are committed to providing regular updates through emails, on alignedinsurance.com as well as via Twitter and Linkedin

Sincerely, 

Andrew Clark, MBA, CAIB, RF, FCIP, RPLU
President & CEO, ALIGNED Insurance
Connect on Linkedin


[e-news] ALIGNMENT Matters | issue 42 | e-news you can use!


Here are 6 relevant posts we’d like to draw your attention to:

1. Business insurance FAQs about COVID-19
2. How to finance your business insurance premium now
3. Closed for business? Read this.
4. How to save money on your business insurance.
5. Important things to know about business interruption in Canada
6. How to complete a business interruption worksheet


[e-news] ALIGNMENT Matters | issue 42 | in depth


COVID-19 and business insurance in Canada

COVID 19 and insurance companies in Canada - ALIGNED Insurance Brokers

Canadians are concerned and want answers. You likely have questions about COVID-19 and your commercial insurance. Specifically, most people want to know about Coronavirus and what, if anything, is covered by their business insurance in Canada. Our brokers are working hard to provide answers about Coronavirus and business insurance coverage and we hope the following helps.

We are actively responding to business insurance Canada questions that people are asking us. It is with this lens that we provide this update.


Here’s what you need to know about COVID-19 and your business insurance…


CALL ALIGNED Insurance
Need specifics about any of our commercial insurance products?
Call us toll-free now at 1-866-287-0448

Yes, premium financing is available for your business insurance Canada!

Commercial Insurance Canada Premium Financing - ALIGNED Insurance Brokers

The bottom line always matters. When you run a business, you are always keeping an eye on the bottom line. We are too. This is why we make it simple to pay your commercial insurance premium.

There are a total of five ALIGNED payment options available to our clients. We are committed to making payment of your invoice as easy as possible.


Here’s how to pay your premium with financing and help manage your organization’s cash flow.


Closed? This information about unoccupied property is important to read.

Vacant Property Insurance Canada - ALIGNED Insurance Brokers

Vacant property insurance 101. You may have just shut down your operations due to a government mandated closure. Your employees may be working remotely. Or you may be preparing to close some or all of your operations in the near future. 

Just because your business is closed to the public does not mean that the commercial risk exposures your operations face are materially less. 


If one or more of your locations is or may be unoccupied for a short or extended period of time, this information is for you.


How to reduce the cost of business insurance in Canada

Reduce the cost of business insurance Canada - ALIGNED Insurance Brokers

Costs matter. When the economic forecast isn’t great as well as when things are running smoothly. Therefore, reviewing business insurance cost is important. Cost reviews are a regular part of your due diligence.

You may assess costs on quarterly or annual basis. Or during tough economic times you may be looking at your costs on a monthly or even weekly basis. Certainly costs always matter and we appreciate that saving money is important.


Here are four simple ways that you can reduce your business insurance costs in Canada.


Concerned about business interruption? Here are some insights you should be aware of…

Business Interruption | Insurance broker Toronto - ALIGNED Insurance

Risk happens. Consequently, protecting your business is vitally important. We know this. Firstly we know this because after a fire, flood or windstorm, your business needs to have the right property insurance coverage in place to repair or replace your insured building, equipment and/or inventory. 

Secondly, when a worst-case scenario happens, your business may not have sufficient funds to keep paying your ongoing expenses.

Business interruption is no joke. Therefore, it’s up to you to learn more about what can and will be covered when a worst case scenario happens.


Above all, learn why business interruption is an important foundational coverage for any Canadian organization.


If you need help completing a business interruption worksheet you are not alone…

Insurance Brokers Canada | Business Interruption Worksheet - ALIGNED Insurance Brokers

It’s vitally important for organizations to understand how business interruption works. For instance, you need to know how to complete a business interruption worksheet.

Typical Canadian insurance brokers just email an information request with multiple attachments to clients a few months in advance of their renewal.  After that, they expect clients to complete and return the documents.

Consequently, clients may feel uncomfortable about asking for help completing a business interruption worksheet for commercial property insurance. They are uncertain about what needs to be included. What’s relevant. What details really matter. We understand.


Learn more about how our brokers can help you complete your commercial property business interruption worksheet.


In conclusion, we’d like to thank you for reading ALIGNMENT Matters Issue 42! Find out more about our story and connect with one of our Canadian business insurance brokers today at 1-866-287-0448Our experienced commercial insurance brokers are here to help you to determine the types of coverage you need most.

© 2020 ALIGNED Insurance. All rights reserved. ALIGNMENT Matters issue 42 is a publication of ALIGNED Insurance Brokers.


We’re here to help you find the BEST commercial insurance…
Our team of insurance brokers is available to help answer any and all questions you might have about all of our commercial insurance products. If you have a question about business insurance, are uncertain about what a particular insurance coverage term means, or simply want to find commercial insurance that directly aligns with your needs, don’t hesitate to call us toll-free at 1-866-287-0448.

It’s time to get your insurance aligned. Want Canadian business insurance that’s ALIGNED with your bottom line? We can help. 365. Call us toll-free at 1-866-287-0448.

We’re ALIGNED across Canada. The ALIGNED Insurance National Operations Centre in Cambridge, Ontario supports our Toronto, Calgary and Vancouver offices. We’re proud our industry peers consistently recognize ALIGNED Insurance as one of the best insurance teams in the country. We are also very proud to be one of the fastest growing insurance brokerages in Canada.

We deliver e-news you can use. Get practical business insurance insights in your inbox. 12,000+ people subscribe to our free ALIGNMENT Matters e-news. Just click the JOIN OUR DISTRIBUTION LIST button – at the bottom of our homepage – to connect and learn more about us.

365 | Get ALIGNED. Every day, Canadian business leaders follow our insurance insights via @ALIGNEDonRisk, on FacebookLinkedIn and watch our YouTube videos here!

Leave a Reply

Your email address will not be published. Required fields are marked *

CLICK HERE TO GET A COMMERCIAL INSURANCE QUOTE NOW