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Insurance Brands

Insurance, Canada, Ontario, Toronto

Insurance Brands - Your trusted partner in risk management solutions. Providing comprehensive coverage and personalized service to protect what matters most.

About Insurance Brands

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Canada, Ontario, Toronto
Official Website
http://www.insurancebrands.ca
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FAQs – Insurance Brands

Is renters insurance liability different from personal property coverage?

Yes, liability coverage protects you against legal and financial claims for injuries or damages to others, while personal property coverage protects your belongings against risks like theft, fire, or vandalism. Both are typically included in a standard renters insurance policy.


How is the solvency ratio calculated?

The solvency ratio is calculated as (Net Assets / Net Premiums Written) or (Available Capital / Required Capital), showing how well an insurer can handle financial stress and claim payouts.


What is the difference between actual cash value and replacement cost?

Actual cash value pays for depreciated losses, while replacement cost covers the full expense of replacing damaged or lost items.


What is an actuary in insurance?

An actuary is a professional who analyzes statistical data to assess risk and determine insurance premiums, policy reserves, and financial stability. Actuaries play a key role in pricing insurance products and ensuring companies remain solvent.


Why do insurance policies have exclusions?

Insurers include exclusions to manage risk, prevent fraud, and keep premiums affordable by avoiding coverage for high-risk or predictable events.


Is professional liability insurance legally required?

In some professions and jurisdictions, PLI is mandatory, such as for doctors, lawyers, and accountants. Even when not legally required, many clients or employers may require it as a condition of contract work to ensure financial protection against errors or negligence.


How can I find a policy with the shortest waiting period?

Research various insurance providers, compare policy terms, and consult with an insurance agent. Some companies offer no-waiting-period plans, but they may have higher premiums or specific eligibility requirements.


Does the insured need to notify the insurer of changes in their circumstances?

Yes, the insured must notify the insurer of significant changes, such as moving to a new address or acquiring new assets, as it may affect coverage or premiums.


Comprehensive Market Research

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