Faculty of Insurance

Commercial property insurance, tenant improvements, liability, deductibles and waivers of subrogation should be allocated expressly. A commercial lease is not a residential insurance arrangement.

Alberta construction projects need clarity on builder's risk values, insured parties, transit, testing, deductibles and the point at which coverage ends.

Collision covers eligible damage to the insured vehicle under its own terms. Uninsured motorist protection addresses different liability and injury risks, and neither replaces the other.

Commercial excess liability insurance increases the limit available above specified underlying coverage. It doesn't necessarily repair gaps in the underlying policy, and umbrella coverage can operate differently.