What is it?
Commercial General Liability Insurance (CGL) protects your business from third-party claims of bodily injury, property damage, and reputational harm caused by your professional activities or company operations. 

Why do we recommend it?
Whether it’s a client, a vendor, or supplier, any business that comes into contact with a third-party needs Commercial General Liability Insurance, especially if you or your employees:

• Own, rent, or lease a commercial space that’s open to the public;
• Have a home-based business where clients visit you;
• Visit your client’s workspace or home, or conduct business anywhere else offsite; and 
• Advertise or create marketing materials for your business.

Policy features include:

• Coverage for third party injuries and property damage;
• Standard coverage for Tenant’s Legal Liability, Employer’s Liability, Voluntary Compensation and Non-Owned Automobile Coverage.

What is it?
Property Contents Insurance protects your commercial property from damage or loss and will cover the costs of repairs or replacement for contents, equipment, and furnishings.

Why do we recommend it?
Property Insurance is critical if you have your own business, regardless of the location. Whether you work from home or out of a commercial office, your general liability or homeowner’s policies won’t reimburse you for any damage to your business assets following a break-in, fire, or other disaster.

What is it?
Data Security & Privacy Breach Insurance protects your business and offsets your losses in the event of a breach, such as when your company’s information is stolen or exposed by a hacker, or accidentally released by an employee.

Our valuable policy features include:

• Legal coaching on how to handle the breach;
• Legal fees in the case of a civil suit;
• Funds for court-awarded damages;
• PR services for managing reputational impact;
• Provisions for credit monitoring and client notification fees.

Why do we recommend it?

All businesses run the risk of experiencing a privacy breach at least once in their lifetime. Unfortunately, accountants and bookkeepers are prime targets for social engineering scams and criminal activity due to the private and sensitive nature of the financial information you collect. And under the new PIPEDA guidelines, a network failure, a hack that reveals client information, or something as simple as a lost laptop, could leave you liable for hundreds of thousands of dollars in damages.

But in your profession, the real cost of the privacy breach is actually lost business. Unless you handle a breach effectively, you are likely to see a higher-than-normal client churn rate. The good news is that clients tend to be very forgiving of a privacy breach when you notify clients promptly and make a sincere apology. However, to accomplish these things during the fall-out from a breach, you’ll need a team of consultants, provisions to keep your business running and funds for any potential damages. These expenses are costly. It takes, on average, $265 to handle one lost record.

PROLINK can help. Our Data Security and Privacy Breach Insurance for Accountants and Bookkeepers will allow you to act quickly to investigate and navigate a breach, as well as provide funds to manage your cash flow.

What is it?
Employment Practices Liability (EPL) Insurance protects your business from claims made against you by employees, such as wrongful termination, discrimination, harassment, and more.

Why do we recommend it?

If you own your own business, you hold the responsibility of developing the guidelines for the recruitment and employment practices of your company, along with setting the workplace culture. Though you work with integrity, not everyone you employ in your practice necessarily shares the same mindset. Tensions can run high, and you need to be protected from allegations that can harm your business’s reputation as a fair employer. Employment Practices Liability can help.

What is it?
Our Group Health & Dental Benefits offer fully customizable Health, Dental and Drug plans for you and your employees at competitive rates. Plan features may include (but are not limited to):

• Extended healthcare, including drug and dental coverage;
• Life insurance;
• Long-term disability insurance;
• Employee assistance plans;
• Health spending accounts;
• And more!

Why do we recommend it?
Any business with employees should consider Group Health & Dental Benefits. A strong benefits package will help you protect the physical, mental, and financial health of your staff. And when employees are healthy—when they feel supported by workforce leaders—businesses are resilient in the face of an uncertain future.