Commercial Insurance for Canadian Entrepreneurs
If you’re a Canadian starting a new business, you’re probably thinking about the risks your business could face. Accidents can happen anywhere and at any time, and as a business owner, you could be on the hook even when you’ve done nothing wrong.
This is why commercial insurance is so important.
Last year, insurance companies paid out over seven billion dollars in commercial insurance claims in Canada. Yeah, that’s a lot of money.
Let’s look at a couple of scenarios. A customer slips on the wet floor of your office, injures themselves, and proceeds to sue your business. One of your employees damages your client’s property while working on it, or a customer gets injured by a product that you sold. The risks can be endless.
Commercial insurance, also known as commercial general liability insurance, is the most basic insurance policy recommended for all businesses. If you want protection in the event of bodily injury or property damage to third parties, you should definitely get commercial insurance. Depending on the particular needs of your business, you can add additional coverage on top of your commercial insurance policy. Coverages such as professional liability insurance (E&O) if you’re providing a service, commercial property insurance if you own expensive property and equipment, or cyber insurance if your business accepts online payments or stores electronic data.
To get your commercial insurance policy today and find out what other insurance coverages your business may need, head over and click on ‘Get A Quote,’ and simply start to type out the name of the industry you work in, and that’s it. Based on your industry, we will recommend the best policy for you and get you a price estimate. In case any additional information is required, one of our insurance brokers will be in touch with you to clear up some questions. It’s that easy, and it’s that simple.
If you have more questions about business insurance in Canada, we have a number of different ways to help you. Go to the chat function on our website, send us an email at email@example.com, or give us a call on our Canadian toll-free number at 1-888-654-6030