BUSINESS SECTOR PAGE - SERVICE COMPANY Protect the future of your service business
Quebec's service sector is evolving rapidly, exposing businesses to various risks.
From SMEs to large consulting firms, each entity requires tailored protection. Covalen offers comprehensive insurance solutions: professional liability, errors and omissions, cyber risks, and protection for directors and officers.
Our expertise enables us to meet the specific needs of your service business, allowing you to focus on innovation and customer satisfaction. Discover how Covalen can secure your company's future in a constantly changing environment.
What is a service company?
A service company is an organization that provides intangible services rather than physical goods to its customers. These companies offer their expertise, time, and skills to meet the specific needs of their customers.
Examples of service companies:
- Consulting firms (management, strategy, human resources)
- Marketing and advertising agencies
- Law firms and notaries
- Accounting firms and financial services
- Information technology (IT) and software development companies
- Real estate agencies
- Architectural and engineering firms
- Training and education companies
- Hair salons and spas
- Restaurants and catering servicesr
- Hotels and accommodation services
- Travel agencies and tour operators
Protect your expertise :
It protects against third-party claims for errors or negligence in your services, which is crucial for maintaining trust and reputation.
It covers losses related to cyber-attacks, data breaches, and online business interruptions, which is essential in the digital age.
It protects you against third-party financial claims due to errors or omissions committed during your work.
It protects against claims for bodily injury or property damage caused to third parties, providing a solid foundation for any business.
Compensates for loss of income due to unforeseen business interruptions. Crucial for business continuity.
Why Covalen?
Benefits of our insurance for service companies
- Customized solutions tailored to your specific service field
- Comprehensive coverage, including professional liability and D&O insurance
- Expertise in various service sectors
- Simplified claims process
- Dedicated customer service and risk management advice
Protect your service business today.
Contact us for a free analysis and quote of your insurance needs.
Optimize your budget: 6 tips to reduce your insurance premiums.
For us, optimal protection doesn't have to weigh heavily on your budget. Here are our expert tips for saving on your insurance premiums while maintaining adequate coverage:
- Evaluate and adjust coverage regularly
- Opt for a higher deductible
- Implement a risk management program
- Train employees in safety
- Invest in cybersecurity
- Work with a specialized broker (Covalen)
Remember: the key is to find the balance between savings and adequate protection. We can help you optimize your coverage while keeping costs under control. Contact us for a personalized analysis of your insurance needs.
Absolutely! You are exposed to cyber risks if you store customer data or use computer systems. Cyber insurance protects against data breaches, ransomware and other digital threats.
General liability covers bodily injury and property damage, while professional liability covers financial loss due to fault, negligence or error in providing your professional services.
Yes, even private companies need D&O insurance. It protects you against lawsuits from employees, customers, suppliers and other stakeholders.
Your business's size influences the scope and limits of cover required. Small businesses may need basic coverage, while large companies may require higher limits and specialized coverage.