Guard Insurance

Posted on December 12, 2023 By Peter Brown Home & Garden

About

Serving as a boutique insurance brokerage firm, Guard Insurance Brokers is dedicated to providing tailored insurance solutions for small and medium-sized enterprises. With a team of experienced brokers and an extensive network of partners, they strive to manage and maintain their clients’ insurance portfolios while ensuring the best coverage and competitive pricing.

The work environment at Guard Insurance Brokers is one that values integrity, diligence, and professionalism. They are committed to building trust with their clients by being transparent about the insurance process and offering unbiased advice in order for their clients to build a strong and sustainable insurance portfolio.

two women speaking tot their insurance broker — source: businessadvice.co.uk

Services Offered

With the wide range of risks faced by businesses today, Guard Insurance Brokers offers an array of insurance services to provide protection and peace of mind. Depending on the unique needs of each client, they offer tailored insurance solutions that are both comprehensive and thoroughly designed to protect their clients’ assets, earnings, and employees.

Public Liability Insurance

When a certain third party or public member claims damage or injury due to a business’s operations, having a well-structured public liability insurance policy can serve as a safeguard to cover the costs. This refers to injuries, damages and related legal expenses that may arise from accidents, incidents or unanticipated risks. Guard Insurance Brokers offers expert advice and coverage options to protect businesses from potential financial losses due to these circumstances.

For starters, third-party injury coverage provides protection against claims resulting from bodily injury or death of a person due to the business’s operations. Claimants can include employees, customers, or other members of the public who enter the business premises. As for the payments, this type of policy covers medical expenses, lost wages, or even funeral costs for the injured party.

When there’s damage to third-party property, such as the rental space, equipment or other business assets, public liability insurance provides coverage for the necessary repair and replacement costs. This can protect businesses from potential financial losses when faced with legal action or costly repairs.

Finally, a public liability insurance broker needs to cover legal costs, including legal defense fees and settlements or awards in the event of a lawsuit. If there’s a claim against your business, this coverage can help with the legal expenses and protect your assets from depletion. Even in a situation where you’re not liable for the damages or injury, defending yourself can be a costly process. A public liability insurance policy can cover these costs and help your business stay financially stable.

Business Insurance

Aside from protecting businesses from third-party claims, Guard Insurance Brokers also offer risk management strategies and protection for businesses themselves. As a business owner, you face a unique set of risks that can potentially lead to financial losses and disruption in operations. In cases such as property damage, cyber-attacks, or even employee theft, a well-structured business insurance policy can provide the necessary coverage to mitigate these risks.

Another instance is the corporate liability coverage that protects businesses against claims of negligence, errors or omissions. This can be a crucial aspect for businesses providing professional services as it helps safeguard their reputation and finances in cases where clients file lawsuits for potential mistakes or damages.

Commercial Property Insurance

The physical assets of a business, such as buildings, equipment and inventory, are prone to various risks. These include natural disasters, theft, vandalism and other unexpected events that can result in a general loss of business property. Whenever these actions are out of the business owners’ control, commercial property insurance can provide coverage to replace or repair damaged assets.

Another aspect of this policy is the vacant property coverage, which protects buildings or properties that are temporarily unoccupied. This can be crucial for businesses with seasonal operations or those in the process of moving to new locations. If these properties are left unoccupied, they are more susceptible to unanticipated damages or liabilities, making vacant property coverage an essential aspect of a commercial insurance policy.

Professional Indemnity Insurance

Many professional service providers, such as consultants and contractors, face unique risks that can lead to financial losses. In case of a client filing a claim for negligence or breach of contract, or maybe even copyright infringement, professional indemnity insurance can provide coverage. This type of policy covers the legal defense fees and settlements or awards in case of a lawsuit, protecting businesses from potential financial loss and preserving their reputation.

Given the complex and multi-faceted risks faced by businesses, not having appropriate insurance coverage can lead to significant financial losses and potential bankruptcy. Even if the error or incident is unintentional, companies are often held liable for the damages and legal expenses. Although they can always bounce back, the financial consequences of such events can be crippling. This is where Guard Insurance Brokers come in, providing tailored insurance solutions to protect businesses and support their growth and success.