Masters

Location:

7501 Keele Street Suite 400VaughanOntarioL4K 1Y2Canada View Map

Revenue:

$35 Million

Employees:

175

Phone:

(905) 738-4164
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Description:

While Masters Insurance prides itself on securing comprehensive insurance packages at competitive premiums, the company is equally dedicated to customer service. Whether through prompt response to daily general requests, risk management advice and claims service, Masters' team of professionals strives to help clients in reducing administrative costs and to create efficiencies in all areas of risk management. Masters Insurance is dedicated to protecting our clients' best interests and to building partnerships for generations. Regardless of your business type, Masters' knowledgeable insurance professionals will provide a customized commercial insurance package. A few key areas in which industry-leading expertise has been developed are: Contracting and Construction, Development and Realty and Small Business Solutions. From residential renovations to the largest infrastructure projects, Masters Insurance has enjoyed more than 40 years of providing expert general and project-specific insurance to construction clients across North America. Through careful collaboration with clients and insurance providers, Masters Insurance has uniquely positioned itself to ensure construction companies of all sizes and disciplines are adequately protected. "Risk and Insurance Cost Management" is a frequently-used phrase in the insurance industry, but what does this actually mean in terms of value for a commercial insurance client? Here are just a few specific examples of how Masters Insurance partners with its contracting clients to effectively manage risk and reduce their overall insurance costs: Annual Reviews - Masters Insurance annual reviews with clients are extensive and thorough. Not only do they ensure clients will be provided with adequacy of limits and coverage, but serve as updates for insurance-related trends and issues. Review of Contracts with General Contractors, Subcontractors, Owners, Other Third Parties, etc. - Masters Insurance works with its clients and/or their legal counsel to ensure that the insurance language in their contracts reflects their intent and affords the best protection. This helps to avoid unnecessary delays and disputes in the event of a claim. Our staff is well-versed in advising on all major standard contract types and the many variations thereof. Tender Review and Quotations - Masters Insurance works with its clients to review specifications and provide quotations at the tender stage. Where necessary and required, the company also works with or on behalf of clients to amend and/or clarify contract language prior to closing. This attention and understanding allows clients to adequately account for insurance and bonding costs. Inspections & Loss Prevention - Masters Insurance works in conjunction with clients and insurers to review and provide valuable information as to how policies can be implemented and procedures adopted which will mitigate or even avoid claims. Guidelines and Seminars - Masters' service commitment begins well before a client's request. It starts with providing clients and their staff with information packages and guidelines that will help them communicate with all offices and handle insurance issues efficiently. Masters can also provide seminars to our clients on a number of topics relating to insurance and claim protocols within their organizations. Real estate developers and homebuilders create communities - places where families live and businesses thrive. At Masters Insurance, many years have been spent building expertise in the development and real estate insurance field to help protect those communities, from the first shovel in the ground until long after construction is completed. Insurance products are customized to suit ever-changing and emerging trends in the real estate market. Over the past 25 years, Masters has established an exclusive, tailor-made Builders Risk Program for Residential Home Builders. The company proudly represents over 100 of Ontario's top home builders. This program is constantly monitored and updated to provide unparalleled coverage at competitive rates, all in an easy-to-manage format. The program has been honoured with longevity and support through one of Canada's leading insurers. Masters also excels in providing risk management service and guidance to condominium developers. Our approach to condominium construction goes far beyond the placement of project policies at competitive rates. Masters analyzes all insurance aspects of a development including trade contracts, purchase and sale agreements, owner-cm agreements, pre- and post-development coverage requirements etc. This approach is unmatched in the insurance industry. With a quickly growing and evolving development community, new and complicated legal structures are inevitable. Masters Insurance has the ability to quickly review complex contracts, lease or special agreements and work with legal counsel to provide the best long term insurance solutions for all parties. At Masters, solutions are both created and implemented.

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