Corporate Insurance Providers
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Corporate Insurance Providers Fidelity Bonds / Crime Insurance Fidelity Bonds / Crime Insurance is an often overlooked insurance coverage, particularly with small to medium-sized enterprises. All organizations are vulnerable to fraud, theft and embezzlement and the people who cause these losses are typically some of the most trusted employees within the company. A well established system of internal controls is a corporation's first line of defense against potential theft. These internal controls should be reinforced by a crime insurance policy with adequate limits and coverage that addresses the individual corporation's needs. Directors and Officers Liability Insurance Directors & Officers Liability Insurance provides protection to directors and officers of a corporation for their legal liability as a result of a claim against them for wrongful acts committed in their role. The coverage provides for legal and defense costs, damages, settlements, and judgments. Credit Insurance Credit Insurance or Accounts Receivable Insurance protects your business against unexpected or catastrophic losses due to your customers' insolvency or protracted default, both in Canada and abroad. Accounts receivable represent one of the most important assets on the balance sheet and can account for as much as 30-40% of the company's assets. Generally, accounts receivable are the only asset on the balance sheet not insured. Credit insurance safeguards the financial stability of your business by protecting cash flow, profits and tangible net worth. It can also allow your company to safely increase its sales by selling to unknown new customers or selling more to your existing clients.
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