Falls & Floods · • Hot water tank-Know the age of your tank. Check for cracks and corrosion. If...
Transcript of Falls & Floods · • Hot water tank-Know the age of your tank. Check for cracks and corrosion. If...
Falls & FloodsFalls & FloodsFalls & FloodsFalls & FloodsProtecting your OfficeProtecting your OfficeProtecting your OfficeProtecting your Office
Presented by: Brokers Trust Insurance Group IncBrokers Trust Insurance Group IncBrokers Trust Insurance Group IncBrokers Trust Insurance Group Inc.Steve Campanella, Broker of Record Doriana Di-Fiore Isaguirre, Program Co-Ordinator
Date: January 13th, 2016
SLIP & FALL YOUR APPLICATION FLOOD, SEWER BACKUP
& WATER DAMAGE
What is a Flood Exactly?What is a Flood Exactly?What is a Flood Exactly?What is a Flood Exactly?
Flood damage is caused by waves, tides, tidal waves, tsunamis, or the rising of, the breaking out or the overflow
of any body of water.
Sewer backup is caused by the backing up of
sumps, septic tanks or drains
What is a Sewer Backup?
Water damage done to your property from
broken pipes…
What do they mean by
General Water Damage?
General Water Damage Exclusions
• Wear and Tear
• Gradual Deterioration
• Latent Defect
• Inherent Vice
• Cost of Making Good Faulty or Improper Material
Faulty
• Improper Workmanship
Common Water Damage Claims
• Heavy rainfall causes the municipal sewer system
to back up into your property through the drains in
the lowest level of your property. This is a Sewer
Back Up claim (subject to its deductible)
• Burst pipe due to extreme cold temperatures
causes damage to your property
(contents/building/improvements). This is a claim
under the general “Contents/Property” section of
your policy (subject to it’s deductible).
• A fire in an adjacent unit causes the sprinkler
system to go off causing damage to your property.
This is a claim under the general
“Contents/Property” section of your policy (subject
to it’s deductible)
• When a river crests and water enters your property
and does damage to the property and its
contents. This is a flood and requires flood
coverage (subject to it’s deductible)
Tips to Prevent Water Damage
• Clean your eavestrough, drains, and downspouts annually
and direct water flow away from the property
• Maintain roof shingles (change every 15-20years)
• Properly seal windows and doors
• Overflow or leaks from drains, sinks, toilets. Know where your
shut off valves are (both main and per fixture if applicable)
• Check appliances regularly (Check the water source and
make sure you replace old hoses and or washers). Replace
or maintain older appliances
Tips to Prevent Water Damage
• Foundations. Seal cracks in foundation walls and
basement floors
• Hot water tank- Know the age of your tank. Check
for cracks and corrosion. If it’s between 10-15
years old think about replacing it. If it’s over 15
years old, replace it.
• Install a back-flow valve.
Commercial General Liability (Premises Liability) as defined by
the Insurance Bureau of Canada
Bodily Injury and Property Damage
To pay those sums that the Insured becomes legally obligate to
pay as “compensatory damages” because of “bodily Injury” or
“property damage” to which this Insurance applies during the
form period. Subject to the limits of the policy and any
applicable deductible(s)
What is Slip & Fall Coverage Exactly?
Bodily Injury Bodily Injury Bodily Injury Bodily Injury - Means bodily injury, sickness or disease
disease sustained by a personsustained by a personsustained by a personsustained by a person, including death resulting
resulting from any of these at any time.
Property DamageProperty DamageProperty DamageProperty Damage - Means Physical injury to tangible tangible tangible tangible
propertypropertypropertyproperty, including all resulting loss of use of that
property.
What is Slip & Fall Coverage Exactly?What is Slip & Fall Coverage Exactly?What is Slip & Fall Coverage Exactly?What is Slip & Fall Coverage Exactly?
• Any Automobile
• Employees where contributions are made by or required made by or required made by or required made by or required to be made by the insuredto be made by the insuredto be made by the insuredto be made by the insured under provisions of any Workers Compensation Law.
• Medical Malpractice and or Professional Liability.
Common Exclusions Common Exclusions Common Exclusions Common Exclusions ((((not limited to)not limited to)not limited to)not limited to)
1. A patient slips and falls on a loose piece of torn carpet
in the waiting room and suffers bodily injuries. The patient
seeks legal counsel and decides to proceed with action
against the clinic because of a “neglected hazard” for the
financial loss as a result of the slip and fall.
The Insurance Company will defend you subject to the
limits of the policy and it’s deductible.
Possible Claim Examples
2. A patient slips and falls on black ice in the parking lot of the
strip plaza where your practice is located. The fall causes
multiple broken bones in addition to the bodily injury, the
patient’s smart phone becomes damaged beyond repair. As a
result the patient files suit against the landlord of the plaza, you
the tenant (the reason for visiting the plaza), and the property
maintenance company responsible for clearing and salting the
parking lot for medical bills, lost wages due to missed work, and
the cost to replace their smart phone.
Possible Claim Examples
Your Insurance Company will defend you for your part in the law
suit for the Bodily Injury and Property Damage, subject to the
limits and deductible(s) applicable.
Possible Claim Examples
3. Your practice is located on the 5th floor of a 10 story office building.
building. A sink in your unit overflows and somehow causes water to
water to escape down the main drain line causing serious damage to
damage to the unit below. The damage to your unit is incidental and
incidental and easily mitigated by mopping up so no claim was made
made by you for damage to your contents/improvements.
As a result, the unit below files a claim on their own insurance policy.
policy. In this case we wait until the downstairs tenant or their
Insurance company comes looking for damage relief.
Possible Claim Examples
The property damage portion of your liability coverage is the portion of
your policy that will respond, subject to its limit and applicable
deductible.
Possible Claim Examples
Your Duties in the Event of OccurrenceYour Duties in the Event of OccurrenceYour Duties in the Event of OccurrenceYour Duties in the Event of Occurrence
Claim or Action Claim or Action Claim or Action Claim or Action - You must see to it that we (insurance company)
are notified promptly of an “occurrence” which may result in a
claim. This notice should include:
• How, When, and Where the “occurrence” took place
• Names and addresses of all injured persons and
witnesses
• If a claim is made or “action” is brought against any
insured, you must see to it that we (insurance
company) receive prompt written notice of the claim
or action.
Your Duties in the Event of Your Duties in the Event of Your Duties in the Event of Your Duties in the Event of OccurrenceOccurrenceOccurrenceOccurrence
Send copies of any demands, notices, summonses or legal
papers received in connection with the claim or action.
In the event of a claim NEVERNEVERNEVERNEVER voluntarily make a payment,
assume any obligation, or incur any expense, other than
first aid, without our (insurance company’s) consent. If
you do it will be at your own cost.
Tips to Help Prevent Slip and Fall Tips to Help Prevent Slip and Fall Tips to Help Prevent Slip and Fall Tips to Help Prevent Slip and Fall
Good housekeeping is the first and the most important
(fundamental) level of preventing slip and falls
• Clean all spills immediately
• Mark spills and wet areas
• Remove obstacles from walkways and always keep them
free of clutter
• Secure (tacking, taping, etc.) mats, rugs and carpets that
do not lay flat
Tips to Help Prevent Slip and Tips to Help Prevent Slip and Tips to Help Prevent Slip and Tips to Help Prevent Slip and FallFallFallFall
• Always close file cabinet or storage drawers
• Cover cables that cross walkways
• Keep working areas and walkways well lit
• Salt and clear snow during the winter months.
Even though you may have a
maintenance contract for snow
removal, it is a good idea to keep
some extra salt handy and
occasionally apply some to the areas
of the walkway or entrance to your
unit.
If you are responsible for
clearing/salting the property, keep a
log of when you clear and salt.
REMEMBER!
How to Complete My ApplicationHow to Complete My ApplicationHow to Complete My ApplicationHow to Complete My Application
Construction Details: Construction Details: Construction Details: Construction Details:
Buildings older than 20 years of age require updates. Almost always, they have been fully updated and up kept…
If you unsure of how to collect data – always try contacting your landlord, they will usually know more about the building and have
records of when updates where done.
Updates should always be complete, partial work to roof, heating, wiring and plumbing tend to be viewed as incomplete.
Who or What is a Loss Payee & Additional Insured?
A loss payee will usually be a financing company that you rent or
lease equipment from!
• If you rent or lease equipment you may be required to add the
company to your policy as loss payee, their legal name and
address, equipment description / lease number is required to
due so.
How to Complete My Application
An additional insured will usually be your landlord!
• They will require proof of commercial general liability
they may sometimes have limit requirements or request to be
added as additional insured to your policy, a legal name
address is required to due so.
How to Complete My Application
Payment Options
Credit Card
One pay, at time of binding or on
delivery of policy
*A credit card form provided in your new
business package
Cheque
One pay, at time of binding or on
delivery of policy
Monthly payment
Void cheque to be submitted at time of
binding along with a completed
payment
*A credit card form provided in your new
business package
Questions? Questions? Questions? Questions?
Presented by: Brokers Trust Insurance Group IncBrokers Trust Insurance Group IncBrokers Trust Insurance Group IncBrokers Trust Insurance Group Inc.Steve Campanella, Broker of Record Doriana Isaguirre, Program Co-Ordinator
Contact: 2780 Highway 7, Suite 201Concord, Ontario L4K 3R9T: 905.760.1515 Main F: 905.760.0240
Thank You!