Service Business

Protection for the way you work

Whether you work from retail premises, an office or remotely, your service business faces risks that can affect its livelihood. A-Z Insurance can help identify coverage relevant to your growing business.

• Owned buildings and contents, or contents and improvements in leased premises.
• Owned or leased business vehicles and exposures when employees use their own vehicles for business.
• Lost revenue if a covered event temporarily shuts down your operations.
• Liability claims against the business or its employees involving injuries or property damage.

Do you provide professional advice?

If your work involves professional opinions or advice, whether formal or informal, discuss professional liability insurance. Architects, engineers, consultants, designers, lawyers and real estate agents are examples of professionals who may need it. Your profession or regulator may set specific requirements.

Professional liability insurance, also called Errors & Omissions (E&O), can respond to covered allegations of professional negligence, errors or omissions. A lawsuit alleging that incorrect advice caused a loss is one example. Coverage and defence provisions depend on the policy.

Additional protection to consider

• Ask whether you need E&O and directors' and officers' (D&O) insurance for the different risks faced by your professionals, executive team and board.
• Consider equipment breakdown coverage for expensive or specialized equipment.
• Discuss business overhead expense, key person and buy-sell insurance in connection with ownership and business continuity planning.
• Review privacy breach and data security coverage based on your information and technology risks.

Important coverage information

This information is a general reference only. Coverage availability, eligibility, limits, deductibles, exclusions and claims are governed by the insurer's policy wording and any applicable endorsements. Ask your broker to confirm the terms for your situation.