Property & Casualty
At InsureBC Underwriting Services Ltd, our Commercial Property / Casualty Insurance is designed to cater to a diverse range of business needs. Whether your client requires package policies or is specifically looking for monoline property or liability coverage, we have tailored options that ensure protection and peace of mind. With the capacity to handle property limits up to $12,000,000 for any one risk at any single location, along with up to $5,000,000 CGL and the flexibility of offering subscription policies as a Lead or Non Lead, we pride ourselves in our robust offerings and adaptability. Moreover, we provide the added benefit of split rating and our dedicated in-house authorities ensure that your client's insurance needs are met seamlessly and efficiently.
Risks we will consider
- Contractors: Whether your client is involved in construction, renovations, or specialized trade, our insurance covers the unique risks associated with the contracting business. This ensures they remain protected against potential liabilities and losses that might arise from their operations.
- Manufacturers: We understand that manufacturers face varied challenges, from machinery malfunctions to supply chain disruptions. Our comprehensive coverage ensures they can operate confidently, safeguarding their production line, machinery, and finished products.
- Wholesalers: Dealing in large volumes and managing extensive inventories means wholesalers have distinct insurance needs. Our policies are designed to cover damage to stock, equipment and more, offering complete peace of mind.
- Retailers: Retailers face multiple risks daily from fire losses to third party claims. Our insurance solutions offer coverage against these and more, ensuring a smooth retail operation.
- Warehousing: Warehouses, being central storage hubs, are crucial and face threats from thefts, fires, business interruption and claims from third parties. Our specialized insurance caters to these needs, protecting both the infrastructure and the goods stored.
- Realty Risks: The real estate sector is riddled with uncertainties, from property damages to third party claims. Our coverage solutions encompass these challenges, offering complete protection for properties and potential income loss.
- Residential Realty – Strata Risks: Managing or owning strata properties comes with its own set of challenges. We cover strata risks up to a maximum limit of $5,000,000, ensuring that common properties like corridors, lobbies, and shared facilities are well-protected
- Open Market Capabilities: as we are a Lloyds cover holder if the risk requires special considerations due to higher limits, or class of business, we can approach the open market for special consideration.
Hard to Place Accounts:
- Distressed Accounts: For properties or accounts that may be facing financial hardships or other challenges, we offer tailored insurance solutions that cater to their specific needs, ensuring they are not left without coverage
- Accounts with Ongoing or Multiple Claims: A history of multiple claims doesn't deter us. We believe in providing coverage that supports businesses in their time of need, even if they've faced multiple insurance claims in the past.
- No Previous Insurance Situations: For businesses venturing into insurance for the first time or those who've had a gap in their insurance history, we offer policies that cater to their unique requirements, ensuring they are not left unprotected.
- New Business Ventures: Starting a new business is thrilling but also full of uncertainties. We offer specialized coverage for new ventures, ensuring they can take on risks confidently, knowing they're covered.