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

Is There An Act Of God Exclusion In Insurance Policies?

Is There An Act Of God Exclusion In Insurance Policies?

Is There An Act Of God Exclusion In Insurance Policies?

Click Here To Get A Business Insurance Quote In Canada
or
Call us toll free at 1-866-287-0448

There are a lot of things in the world, in life and business that are misunderstood.  Far too often commonly held views and perceptions seem to out weigh fact, data and reality.  This is particularly true in the world of insurance as for most people paying for insurance is some they begrudgingly do and little to no joy, satisfaction or pleasure is derived from the experience.  Despite the lack of joy insurance brings people and businesses owners a like insurance is a critical part of society that facilitates all forms of commerce and business by transferring risk to others thereby making things like mortgages, business deals and relationships, encouraging exploration, entrepreneurship etc. all possible. Despite all the good that insurance does in the world and the billions of dollars paid to deserving policy holders who receive compensation for injuries, property damage and financial losses they suffered at no fault of their own insurance is still marred by a lot of negativity and misinformation.  One are of misinformation that should be discussed are exclusions which exist in ever single insurance policy and the question is there an act of God exclusion in insurance policies?

So…Is There An Act Of God Exclusion In Insurance Policies?

Insurance policies are contracts that need to have boundaries and limitations established to ensure clarity on what is covered and not covered which is understandable as you can’t buy an insurance policy for all risks.  You can however buy insurance policies for many or very specific risks through products like commercial general liability insurance or commercial property insurance that are built and priced according to the things being insured.  In those, and all insurance policies, you will find exclusions which limit what the policy will cover and exclusions are included for 1 of 3 reasons:

3 Reasons Insurance Policies Contain Exclusions:

  1. Something is uninsurable – an example is war risk…almost all policies exclude coverage if a war breaks out and causes a loss
  2. Something is more appropriately covered under a separate policy – ex. Commercial general liability policies exclude coverage for financial losses from services performed because that is exactly and specifically what professional liability/E&O insurance is for.
  3. The insurer does not want to insure something specific – insurance companies may want to exclude certain things because they aren’t comfortable with it.

Despite there being many types of exclusions and/or ways that insurance companies limit their risk it’s important that we firmly and clearly answer the question “is there an act of God exclusion in insurance policies?” with a loud and resounding NO!  When people talk about an Act of God exclusion they are typically talking about weather related events that could cause damage to property like, flood, earthquake tornadoes, hurricanes, windstorms, hail, etc….all of which are fully insurable under a typical Canadian commercial property insurance policy if negotiated appropriately.

Our hope is that this clarifies a few things about insurance, but our expert business insurance brokers would also be more than happy to discuss the specifics of any insurance policy, exclusion or question you may have.

To Discuss Is There An Act Of God Exclusion In Insurance Policies Further Or How To Get A Business Insurance In Canada Quote Connect With One Of Our Canadian Business Insurance Brokers Today at 1-866-287-0448 of CLICK HERE!

ALIGNED Across Canada  100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves nearly 1,400 clients across the country. As experts in delivering business insurance Canada solutions and consistently recognized as one of the best business insurance brokers in Canada, ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED business insurance brokers create, negotiate and deliver the best business insurance and risk management strategies/solutions to organizations like yours. As one of Canada’s fastest growing insurance brokerages, we invite you to learn more about us and connect @ALIGNEDonRisk, on Facebook or LinkedIn.

Other Posts Related To Is There An Act Of God Exclusion In Insurance Policies?

Leave a Reply

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

CLICK HERE TO GET A COMMERCIAL INSURANCE QUOTE NOW