What is Damage Insurance?

For many people, a career in the insurance business means going door-to-door, briefcase in hand, and spending evenings sitting with prospective clients around the kitchen table. Actually, that's far from the truth! Remember the last time you bought car insurance? You picked up the phone and called a broker or an agent. Contrary to the old myth, no one rang your doorbell.

In order to truly understand the meaning of damage insurance, you must first know that there are two general categories of insurance:
• personal insurance (life, health), and
• damage insurance (property and casualty, fire, accident, miscellaneous risks)
 

Insurance products are designed to protect property or compensate for damages caused to a third party. These products include:
• Automobile insurance
• Home insurance
• Civil liability
• Commercial lines insurance
• Event insurance

Quebec's Damage Insurance Industry
In Quebec, the Damage Insurance Industry represents:
• Almost 1,300 employers, in large urban centres and outlying regions
• Over 23,000 people, including more than 13,000 certified professionals
• A prosperous industry, generating annual sales of 7 billion dollars
 

Quebec's 220,000 small and medium-size businesses create 90% of the jobs in Quebec. Insurance is essential to these businesses.
 

Get more details on Damage Insurance