June 05, 2018
1 Eglinton Ave E, Suite 700, Toronto ON, M4P 3A1
According to experts at Risk Management Services, an estimated 70% of commercial buildings in Canada are under-insured by up to 40% of the replacement cost value.
Following a property loss, perhaps the most devastating news for policyholders is learning that they do not have enough insurance coverage. Will the business be able to re-open? What is the broker’s liability in a case of underinsurance?