What Insurance Coverages are Mandatory for Automobile in NL?

Third-Party Public Liability at $200,000 and Uninsured Motor Coverage are the mandatory coverages. Although $200,000 is the required minimum, many insurers do not offer this limit as it viewed as too low in the context of our society. At Crosbie Job Insurance, we would recommend $1,000,000. We also highly recommend that all insured people carry accident benefits coverage. Physical damage to your automobile is optional, although if you lease or have a loan on the car, your lender/leaser will require physical damage coverage.

How Much Liability Coverage Do I Have To Carry?

In Newfoundland and Labrador, you are required to carry $200,000 in liability coverage. At Crosbie Job, we recommend that you carry $1,000,000 (if you have a lease on your carry, the leasing company will require $1,000,000).

What Are The Benefits of BCPD?

This system was set-up so people can quickly go through the claims process with their insurance provider. You don’t have to wait too long to get your compensation.

What Is Direct Compensation For Property Damage?

Direct Compensation For Property Damage (DCPD) allows people who have auto insurance to be compensated by their direct insurer for property damages resulting in a collision caused by another driver.

Is DCPD Available in Newfoundland and Labrador?

Yes, DCPD is now available in Newfoundland and Labrador! Before it was only a system that was used in Ontario, Nova Scotia, Quebec, and New Brunswick, but Newfoundland and Labrador have adopted the system used by Nova Scotia.

Do I Really Need Auto Insurance?

If you drive in Canada, you are required by law to have some sort of auto insurance coverage. A basic policy should include third party liability insurance (usually needs to be at least $200,000), uninsured automobile coverage, and accident benefits insurance. In Newfoundland and Labrador, it is not required to have accident benefits insurance, but we highly suggest you include it in your insurance policy.

What Affects My Insurance Premiums?

Whenever you make a claim on your home insurance or if you get a ticket while driving, it will affect your insurance premiums. Your rates will change depending on the type of claim and if you were at fault or not. For example, if you get into an accident, it may affect your premiums for a number of years; if you get a ticket for careless driving or a DUI, it will affect your premiums for typically three years. These are just some of the most common ways your premiums can get affected, contact Crosbie Job today to learn more about the inner workings of insurance and what may determine your rates.

I Run My Business Through My Home, Will This Affect My Insurance?

A lot of people have made the switch to work from home, so they are curious about how their insurance will be affected, if at all. It is best to speak with a broker about this aspect because running a business through your home will generally affect your insurance, but it may affect everybody differently. Some people may have limits on their business property, such as computers, equipment and software, while others may require additional liability insurance. Talk to your broker today to discuss if home business coverage will be the best option for your needs.

Small Business Insurance

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Newfoundland Small Business Insurance

Not only is Small Business is the driving force of the Canadian economy, it is the Engine that drives Newfoundland. Hard working entrepreneurs like you were the founders of the Newfoundland economy. Your business is your livelihood, so it is important to protect it. That’s why, it is of the utmost importance to have the right kind of Insurance. It is all about risk management and you need to be sure that you are covered.

Your building, computers, files, furniture, stock, and/or inventory are all key components of your business. As a prudent business owner you want to make sure you are protected against the potentially devastating effects of their loss.

A great Newfoundland Small Business Insurance policy will go a long way to mitigating your exposure to such a loss. As a Small Business Insurance Expert Crosbie Job will help you identify risk, perhaps some that you may have never considered.

As noted above, Small Business Insurance does more than just protect your buildings. It’s often the other pieces that are most important to your business. At Crosbie Job one of our professional commercial brokers will ensure that you get the best small business insurance solution. We’ve Got You Covered!!!

Package Policies vs Custom Insurance

Small Business can encompass a variety of business types. Are you a Convenience Store Owner, A Contractor, A Retailer, A Local Fish & Chips Takeout (just to name a few) or even operating a business out of your home? You can be sure that we can get the right insurance for you. In many cases insurers have package policies that have a lot frills bundled to make sure you are covered, but that does not mean you can’t get a tailored policy to suit your needs. Often the solution lies somewhere in the middle.

Recognizing that many businesses face the same exposures, a number of insurers have developed Commercial Package Policies to cover your business. These policies bundle your most important coverage into a comprehensive package. Quite often it is the small business that can take advantage of a well-constructed package. Coverage in a comprehensive package could include:

Buildings

Stock and Equipment

Commercial General Liability

Valuable Papers

Accounts Receivable

Computer Hardware and Software

When buying a small business insurance package policy it is important to review with one of our brokers, your limits to make sure you have sufficient coverage. It is not only larger businesses that need a unique commercial insurance policy. If your business deals with a particular niche or maybe even something funky, you will likely need to buy a custom small business insurance policy that is tailored to your unique exposures. We can do that for you. We’ve Got You Covered.

Key Coverages

Small Business Insurance can seem likes it complex, and that is why you need a Commercial Insurance Broker from Crosbie Job. It is our job to help you understand. It is very difficult define a “standard” commercial insurance policy. There are too many variables to consider. However, some of the key coverages are:

Commercial General Liability (CGL)

Hazard/Peril insurance

Fire insurance

Theft

Vandalism

Contents (Fixtures, equipment & machinery)

Stock/Inventory

Realizing that no two business are exactly alike you can also consider adding the following common coverage options:

Higher CGL Limits

Contents owned by others

Loss of income

Additional buildings such as warehouses and storage structures

Cyber insurance

You should talk to one of our experienced insurance professionals at Crosbie Job. We will help you identify what your business exposures are. From there you can decide which of these options and/or additional coverages are needed. You can to sleep easy knowing we are on the job.

Experienced Professionals

Crosbie Job has been providing the businesses of Newfoundland with the most current and comprehensive small business insurance policies since 1984. We know our province and the unique challenges it presents in regards to your business. We offer insurance based on Strength and Experience, so we will tailor an insurance solution for you.

Don’t be left wondering if you have the right coverage. Simply fill out the protection Quote Form and one of our professional brokers will contact you to review your commercial property insurance requirements.

Protection you deserve

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Small Business Insurance

Newfoundland Small Business Insurance

Package Policies vs Custom Insurance

Buildings

Stock and Equipment

Commercial General Liability

Valuable Papers

Accounts Receivable

Computer Hardware and Software

Key Coverages

Commercial General Liability (CGL)

Hazard/Peril insurance

Fire insurance

Theft

Vandalism

Contents (Fixtures, equipment & machinery)

Stock/Inventory

Higher CGL Limits

Contents owned by others

Loss of income

Additional buildings such as warehouses and storage structures

Cyber insurance

Experienced Professionals

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Our Team

Small Business Insurance

Newfoundland Small Business Insurance

Package Policies vs Custom Insurance

Buildings

Stock and Equipment

Commercial General Liability

Valuable Papers

Accounts Receivable

Computer Hardware and Software

Key Coverages

Commercial General Liability (CGL)

Hazard/Peril insurance

Fire insurance

Theft

Vandalism

Contents (Fixtures, equipment & machinery)

Stock/Inventory

Higher CGL Limits

Contents owned by others

Loss of income

Additional buildings such as warehouses and storage structures

Cyber insurance

Experienced Professionals

Hours Of Operation