Specialized

Coverage

Solutions

A UNIQUE APPROACH

We strongly believe that the best approach to managing our clients' insurance needs is by getting to know their business.   We invest the time to learn about you and how you operate your business; the products and services that you offer, your assets and liability exposures.  This investment allows us to assess your coverage needs, make recommendations and build an effective and efficient insurance program tailored to your specific needs.

Management

Magna Insurance is a full-service brokerage offering services needed to manage all aspects of your insurance and risk management program. Our services will alleviate the time spent to manage coverage, certificates, claims and risk management demands.

Placement

Magna Insurance has relationships with a wide range of insurance companies from which we can procure the coverage that will effectively protect your business. Our team works closely with those insurance markets to stay apprised of market trends and new and evolving products.

Technology

We strongly believe that when combined with strong client relationships, technology is a valuable asset that will streamline the insurance acquisition process.  Magna continues to invest in technology so that our clients, insurance partners and employees have access to the latest tools and resources.

As a commercial insurance specialist, Magna Insurance has access to a suite of insurance companies and products to meet the ever changing and evolving needs of our clientele.  The insurance options that we offer our clients are individually vetted to ensure that they meet the high standards of coverage that we demand.

COVERAGE SOLUTIONS

Property & Liability 

We have solutions to protect all of your business assets whether fixed or mobile.  A few of the product lines we specialize in are:

  • Building

  • Contractors Equipment

  • Cargo

  • Equipment

  • Stock

  • Business Interruption

Commercial Automobile 

The most common type of insurance claim is automobile and as such requires the most attention.   Our team has in-depth experience and resources to manage our clients' fleets, premiums and insurance claims.   A few of the areas we specialize in are:

  • Single vehicle

  • Fleet

  • Transportation

  • Non-Owned

  • Garage

Specialty Lines

The world is changing and so is insurance.  We have the expertise to protect you against new and evolving risks.  A few of the products we specialize in are:

  • Cyber Coverage

  • Crime Coverage 

  • Social Engineering Fraud

  • Credit Insurance

  • Directors & Officers Liability

  • Errors & Omissions Liability

  • Environmental Impairment Liability

  • Employment Practices Liability

  • Abuse Liability

  • Terrorism Coverage

  • Representations & Warranties Coverage (M&A)

Surety & Bonding

Surety is a unique product that requires a broker skilled in arranging bonds for construction companies. As surety underwriting is based on the financials of a business, it is essential that an expert represents your interests.  Magna offers surety solutions for the following:

  • Contract Surety

    • Performance Bonds​

    • Labour & Material Bonds

    • Bid Bonds & Consent of Surety

  • Commercial Surety

    • Reclamation Bonds​

    • License & Permit Bonds

    • Prepaid Contractors Bonds

Construction Insurance

Construction projects can be complicated but the insurance doesn’t have to be. We have access to products that will protect your construction project while under construction as well as liability hazards connected with your site and contractors.  A few of the products we specialize in are:

  • Blanket Builders Risk & Wrap Up Liability

  • Course of Construction

  • Testing & Commission

  • Equipment Breakdown

  • Project Wrap Up Liability

  • Pollution Liability

 
 
 
 
 
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© 2020 by Magna Insurance Corp.