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Sound Insurance

Insurance, Canada, Ontario, Toronto

Sound Insurance: Your trusted partner in protection. Providing personalized insurance solutions with exceptional service and expertise.

About Sound Insurance

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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.soundinsurance.ca
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FAQs – Sound Insurance

Who needs E&S insurance?

Businesses and individuals that have unique, high-risk, or hard-to-place insurance needs require E&S insurance. Examples include contractors, event organizers, manufacturers of hazardous products, and businesses in catastrophe-prone areas. If standard insurers refuse coverage, E&S insurance can offer tailored solutions.


Can Big Data improve the efficiency of marketing strategies in insurance?

Yes, by analyzing consumer behavior, preferences, and demographics, Big Data helps insurers target the right audience with tailored marketing campaigns, leading to better conversion rates and ROI.


What happens when I reach my out-of-pocket maximum?

Once you reach your out-of-pocket maximum, your insurance covers 100% of eligible medical costs for the rest of the policy year.


How does long-term disability insurance work?

LTD insurance pays a percentage of your salary—typically 50-70%—if a qualifying disability prevents you from working. Benefits begin after an elimination period and continue until you recover or reach the maximum benefit duration stated in your policy.


How does a treaty reinsurance agreement help insurers manage risk?

A treaty reinsurance agreement helps insurers manage risk by transferring a portion of their portfolio's risk to a reinsurer. This reduces the primary insurer’s exposure to large claims, stabilizes their financial position, and increases their ability to write new policies without overburdening their reserves. By diversifying risk, insurers can maintain solvency and avoid financial strain during periods of high claims activity.


How does umbrella liability insurance work?

Umbrella liability insurance provides extra coverage beyond the limits of other liability policies, covering large claims and lawsuits.


How is IoT (Internet of Things) influencing insurance policies?

IoT devices, such as smart home sensors and wearable health trackers, provide real-time data to insurers, enabling proactive risk management. Insurers can offer discounts for healthy lifestyles or safer home environments based on collected data.


Can a person have insurable interest in their spouse?

Yes, spouses have an automatic insurable interest in each other since they are financially and emotionally dependent, making them eligible for life or health insurance policies.


Comprehensive Market Research

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