TruShield Insurance is a Canadian-based insurance company that offers commercial insurance products and services to small and medium-sized businesses. The company was founded in 2011 and is a subsidiary of the Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group).

TruShield Insurance offers a wide range of insurance products and services, including general liability, commercial property, business interruption, cyber liability, and professional liability insurance. They also offer customized insurance solutions for specific industries, such as contractors, retailers, and professionals.

TruShield Insurance has a strong focus on technology and innovation, which is reflected in their online platform that allows customers to manage their policies and claims online. They also offer a variety of risk management resources and tools to help their customers reduce their exposure to potential risks.

Overall, TruShield Insurance is a well-established insurance company that specializes in providing insurance solutions to small and medium-sized businesses in Canada. Their focus on technology and innovation sets them apart from traditional insurance companies and makes them a popular choice among modern businesses.

TruShield Insurance Market Share

TruShield Insurance is a subsidiary of iA Financial Group, which is one of the largest insurance and financial services companies in Canada.

TruShield Insurance has been operating since 2011 and has established itself as a leading provider of commercial insurance products and services to small and medium-sized businesses in Canada. They have a strong focus on technology and innovation, which has helped them attract a large and diverse customer base.

TruShield Insurance’s market share is likely influenced by several factors, including the size of the market for commercial insurance in Canada, the competitive landscape, and their ability to effectively market their products and services to potential customers. Nonetheless, TruShield Insurance has been growing steadily and is considered a significant player in the Canadian commercial insurance market.

Services Offered By TruShield Insurance

TruShield Insurance offers a range of commercial insurance products and services to small and medium-sized businesses in Canada. Here are some of the services that they offer:

1. General Liability Insurance: This type of insurance provides coverage for third-party bodily injury, property damage, and personal injury claims. TruShield Insurance’s general liability insurance can be customized to suit the specific needs of different businesses.
2. Commercial Property Insurance: This type of insurance provides coverage for physical damage to business property caused by perils such as fire, theft, and weather-related events. TruShield Insurance’s commercial property insurance can also include coverage for business interruption, equipment breakdown, and other related risks.
3. Business Interruption Insurance: This type of insurance provides coverage for lost income and additional expenses incurred as a result of a covered loss that disrupts a business’s operations. TruShield Insurance’s business interruption insurance can be tailored to meet the unique needs of different businesses.
4. Cyber Liability Insurance: This type of insurance provides coverage for losses resulting from cyber attacks, data breaches, and other technology-related risks. TruShield Insurance’s cyber liability insurance includes coverage for third-party liability, first-party expenses, and crisis management services.
5. Professional Liability Insurance: This type of insurance provides coverage for claims arising from professional services that result in financial losses for clients. TruShield Insurance’s professional liability insurance can be customized for a wide range of professions, including lawyers, accountants, and healthcare professionals.
6. Industry-Specific Insurance: TruShield Insurance offers customized insurance solutions for specific industries, such as contractors, retailers, and professionals. These solutions are designed to address the unique risks faced by businesses in these industries.
7. Directors and Officers Liability Insurance: This type of insurance provides coverage for claims against directors and officers of a company for wrongful acts committed in their roles. TruShield Insurance’s directors and officers liability insurance includes coverage for defense costs, settlements, and judgments.
8. Employment Practices Liability Insurance: This type of insurance provides coverage for claims related to employment practices, such as discrimination, wrongful termination, and harassment. TruShield Insurance’s employment practices liability insurance can be tailored to meet the needs of different businesses.
9. Crime Insurance: This type of insurance provides coverage for losses resulting from criminal activities such as theft, fraud, and embezzlement. TruShield Insurance’s crime insurance includes coverage for employee dishonesty, forgery, and computer fraud.
10. Equipment Breakdown Insurance: This type of insurance provides coverage for losses resulting from equipment breakdowns, including the cost of repairs and lost income due to business interruption. TruShield Insurance’s equipment breakdown insurance can be customized to include coverage for various types of equipment.
11. Legal Expense Insurance: This type of insurance provides coverage for legal expenses related to various types of disputes, including employment, contract, and tax disputes. TruShield Insurance’s legal expense insurance includes coverage for legal fees, court costs, and other related expenses.

In addition to these services, TruShield Insurance also offers risk management resources and tools to help businesses identify and reduce potential risks. These resources include online training courses, checklists, and articles on various topics related to risk management. TruShield Insurance’s online platform also allows customers to manage their policies and claims online, making it easier for them to stay up-to-date with their coverage and file claims when needed.

TruShield Insurance Pros

Here are some of the potential pros of TruShield Insurance:

1. Comprehensive Insurance Coverage: TruShield Insurance offers a wide range of insurance products and services, including general liability, commercial property, cyber liability, and professional liability insurance. This means that businesses can get comprehensive coverage for a variety of risks from a single provider.
2. Customizable Insurance Solutions: TruShield Insurance offers customizable insurance solutions that can be tailored to meet the unique needs of different businesses. This means that businesses can get the coverage they need without paying for unnecessary coverage.
3. Innovative Technology: TruShield Insurance has a strong focus on technology and innovation, which is reflected in their online platform that allows customers to manage their policies and claims online. This can make it easier for businesses to access their coverage and file claims when needed.
4. Industry-Specific Insurance Solutions: TruShield Insurance offers customized insurance solutions for specific industries, such as contractors, retailers, and professionals. This means that businesses can get insurance coverage that is specifically designed to address the unique risks faced by their industry.
5. Risk Management Resources: TruShield Insurance offers a variety of risk management resources and tools to help businesses reduce their exposure to potential risks. These resources include online training courses, checklists, and articles on various topics related to risk management.
6. Strong Financial Backing: TruShield Insurance is a subsidiary of iA Financial Group, which is one of the largest insurance and financial services companies in Canada. This means that they have a strong financial backing and can provide their customers with the stability and security of a large and established company.

Overall, TruShield Insurance offers a range of potential benefits to small and medium-sized businesses in Canada. Their customizable insurance solutions, industry-specific insurance offerings, and risk management resources can help businesses get the coverage they need to protect themselves from potential risks. Their innovative technology and strong financial backing add further value to their offerings.

TruShield Insurance Cons

Here are some potential cons of TruShield Insurance:

1. Limited Availability: TruShield Insurance only offers its services to businesses in Canada, which means that businesses in other countries are unable to access their services.
2. Limited Reviews: As TruShield Insurance is a relatively new player in the insurance industry, there may be limited customer reviews and feedback available online for potential customers to evaluate the quality of their services.
3. Pricing: TruShield Insurance’s pricing may be higher compared to other insurance providers in the market. However, this may be due to their focus on offering customizable insurance solutions and innovative technology.
4. Claims Process: Some customers have reported difficulties with TruShield Insurance’s claims process. This could be due to a variety of factors, such as lack of clarity in the policy wording or delays in processing claims.
5. Limited Coverage Options: While TruShield Insurance offers a wide range of insurance products and services, some businesses may require more specialized or niche coverage options that are not offered by TruShield Insurance.

TruShield Insurance Customer Reviews

TruShield Insurance primarily specializes in providing commercial insurance products and services to small and medium-sized businesses. While they may offer personal life insurance products, this is not their primary focus.

That being said, here are some general customer reviews and ratings for TruShield Insurance based on online sources:

Good Reviews:

• Many customers appreciate the easy-to-use online platform for managing policies and claims.
• Some customers have reported good experiences with TruShield Insurance’s customer service representatives.
• Customers have praised TruShield Insurance’s customizable insurance solutions, which allow them to get the coverage they need without paying for unnecessary coverage.

Bad Reviews:

• Some customers have reported issues with claims processing, including delays and difficulties in getting claims approved.
• A few customers have reported difficulties in canceling policies or getting refunds for canceled policies.
• There may be limited information available online about TruShield Insurance’s personal life insurance products and services, which may make it difficult for customers to evaluate their offerings.

Leave Your Review

If you have used TruShield Insurance for your insurance needs, we would love to hear about your experience! Leaving a review on our website can help other potential customers make informed decisions about their insurance provider.

If you had a positive experience with TruShield Insurance, please consider leaving a review highlighting what you appreciated about their services. If there were areas for improvement, please feel free to mention those as well. Your honest feedback can help TruShield Insurance continue to improve and provide the best possible service to their customers.

Thank you for taking the time to share your thoughts and experiences with TruShield Insurance!