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Assurance Collective 2etplus

Insurance, Canada, Quebec, Montreal

Leading provider of group insurance and benefits solutions, specializing in tailored plans for businesses of all sizes.

About Assurance Collective 2etplus

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Basics

Type
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Founded
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Total Employees
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Employees on OWCareers
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Main Office
Canada, Quebec, Montreal
Official Website
http://www.assurancecollective2etplus.com
Location Address Official Phone Email
Canada, Quebec, Montreal Canada, Quebec, Montreal **** ****
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FAQs – Assurance Collective 2etplus

Can business liability insurance cover damage to my business property?

No, business liability insurance typically does not cover damage to your property. To protect your physical assets, you would need property insurance. Liability insurance covers third-party claims, while property insurance covers damage to your own business property.


How do economic downturns affect an insurer’s solvency ratio?

Economic downturns can reduce investment returns, increase claim payouts, and raise operational costs, potentially lowering an insurer’s solvency ratio and financial stability.


What is a deductible in insurance?

A deductible is the amount an insured must pay out-of-pocket before the insurance company begins covering a claim.


Why do my insurance premiums go up after a claim?

After a claim, your insurer may raise your premiums due to the increased risk of future claims. Insurers view claims history as an indicator of risk, so if you’ve filed a claim, they may anticipate that you could file additional claims in the future. Depending on the severity of the claim, the premium increase can vary.


Are high-risk occupations covered in life insurance?

Some life insurance policies exclude high-risk occupations like military service, aviation (except commercial pilots), and hazardous work, but specialized policies may offer coverage.


What is public liability insurance?

Public liability insurance is a type of business insurance that protects businesses and individuals against claims made by third parties for injuries or property damage that occur due to their business operations. It covers legal fees, compensation payments, and associated costs if a claim is made against you.


What happens if I outlive my whole life policy?

Whole life insurance does not expire as long as premiums are paid. If you live to a specified maturity age (often 100 or 121), some policies may pay out the cash value or convert to a paid-up policy.


Will my claims be paid if I file during the grace period?

Claims filed during the grace period may still be processed, but if the payment is not made by the deadline, the claim could be denied.


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