When you shop for commercial insurance, it’s natural to focus on the basics—property, general liability, and commercial auto. But those core policies don’t always cover the full spectrum of risks your business faces. At Assurances Simon, Montreal’s trusted brokerage, we’ve identified 3 essential coverages that many businesses overlook. Make sure your policy includes them to safeguard your operations and bottom line.
1. Cyber Liability
Why It Matters
- Over 43% of cyberattacks in Canada target small and medium‑sized businesses.
- A single data breach can cost upwards of CAD 50,000 in investigation, notification, and remediation.
What It Covers
- Customer notification and credit‑monitoring services
- Legal fees and public‑relations crisis management
- Ransomware payments and business interruption losses
2. Business Interruption
Why It Matters
- Events like fires, floods, or breakdowns can halt operations for days or weeks.
- Without interruption coverage, you continue to pay rent, utilities, and salaries even when you can’t operate.
What It Covers
- Lost net profits during the downtime
- Extra expenses to maintain operations (e.g., temporary premises, equipment rental)
3. Professional Liability (Errors & Omissions)
Why It Matters
- Service providers—consultants, IT firms, marketing agencies—can be exposed to claims of negligent advice or mistakes.
- Legal defense and settlement costs often run into tens of thousands of dollars.
What It Covers
- Legal defense costs and settlements
- Administrative and court expenses related to professional errors
- Claims for breach of duty or negligent performance
How to Choose the Right Coverage
- Personalized Risk Assessment
Our advisors evaluate your industry, size, and specific operations. - Policy Comparison
We source and compare solutions from top insurers to balance cost and coverage. - Ongoing Review & Adjustment
As your business evolves, we update your policy so you stay fully protected.
Safeguard your entrepreneurial ambitions with coverage tailored to your needs. Our experts will guide you through analyzing and optimizing your policy.
Contact us today:
- Phone: 514‑881‑8885
- Email: info@assurances-simon.com
- Online: Contact Us
