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Aaxel Insurance Brokers

Insurance, Canada, Ontario, Toronto

Aaxel Insurance Brokers - Your trusted partner in risk management and insurance solutions. Providing personalized service and expert advice to protect what matters most.

About Aaxel Insurance Brokers

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Canada, Ontario, Toronto
Official Website
http://www.aaxel.ca
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FAQs – Aaxel Insurance Brokers

What does general liability insurance cover?

General liability insurance covers third-party bodily injury, property damage, and personal injury claims (such as libel and slander). If a customer slips and falls at your store or your employee accidentally damages a client’s property, this insurance covers medical expenses, legal costs, and settlements, protecting your business from significant financial loss.


How do I ensure my policy has enough replacement cost coverage?

To ensure adequate coverage, work with your insurer to regularly review and update policy limits based on current construction costs, home improvements, and inflation trends. Some insurers offer cost estimation tools or professional appraisals for accuracy.


What should I do if my claim is unfairly denied?

You can request a written explanation, appeal the decision, seek legal advice, or file a complaint with the state insurance regulatory agency for assistance.


Do gig workers need their own health insurance?

Yes, gig workers typically don't receive employer-sponsored health insurance, so they need to find individual plans or coverage through programs like the Affordable Care Act.


What is the role of the Actuarial Control Cycle?

The Actuarial Control Cycle is a framework that guides actuaries in problem-solving, monitoring, and refining financial models to improve risk assessment and decision-making in insurance.


Does workers' compensation cover occupational illnesses?

Yes, workers' compensation covers illnesses caused by workplace conditions, such as exposure to harmful chemicals, respiratory diseases, and repetitive stress injuries.


How long do waiting periods typically last?

Waiting periods can vary based on the type of insurance policy. Health insurance may have waiting periods from 30 days to 2 years for specific conditions, while disability or long-term care insurance may impose waiting periods from 30 to 180 days. Life insurance often has a waiting period of up to two years for certain benefits.


How does indemnity work for renters insurance?

In renters insurance, indemnity provides compensation for personal property losses due to events like fire, theft, or vandalism. The insurer will reimburse you for the replacement cost or actual cash value (ACV) of the damaged or lost items, up to the policy limit. Indemnity in renters insurance ensures that you can recover financially and replace your belongings, though it may not cover damage to the physical rental property itself.


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