Business Insurance

Hi, I’m Trevor from Zensurance, and I’d like to explain business insurance for Canadian business owners.

We’ll quickly review what business insurance is, what it covers, and how much it could cost.

Many business owners wonder: Why do I even need business insurance?

Well, running a business is hard work, really hard work; it’s an investment of your time; it’s an investment of your money and your passion. It only makes sense to protect those investments with business insurance. Think about it, your livelihood and the livelihood of your employees could depend on being insured or not. When you think about it from that angle, the premium you pay starts to feel very small compared to the stress of potentially having to start everything all over again on your own.

With that out of the way, let’s move on to what exactly is business insurance.

Business insurance is just an umbrella term that refers to the whole bundle of liability insurance policies that apply to a business. It can include things like commercial property insurance, commercial general liability insurance, errors and omissions insurance, and so on. When you insure your company in Canada, you start off with commercial general liability insurance, and you build coverages on top of that.

Commercial general liability insurance is the most basic type of insurance, and it covers your business against

claims of injury or property damage to third parties.

People always ask: How much am I going to have to pay for business insurance?

That’s a great question, and there’s a number of things that the insurance companies will look at when determining your premium. Things like the size of your business, the revenue from your prior year, what industry you’re working in, and any years of experience you’ve had running similar types of companies. There are some other things that they may use to determine premium as well.

To find out how much insurance would cost for your business, it’s very simple, and you can even do it online. 

Here’s what you’ll need to do:

1. Visit us at www.zensurance.com
2. Click on get a quote, and simply start to type out the name of the industry you work in. If you’re not able to find an industry, type out “other,” click “Next,” and you’ll be presented with a few other questions to fill out.
3. Some of the other questions you’ll be asked to fill out would include things like: How much you made last year, What’s your projected revenue is for this year (don’t worry, an estimate is fine), How many years of business you’ve been in operation, How many people you employ and so on.

And that’s it! Based on your industry, we’re going to recommend the best policy for you, and you’ll get a great price estimate. In case additional information is required, one of our talented insurance brokers will be in touch with you to clarify any questions.

It’s that easy, and it’s that simple!

If you have any more questions on business liability insurance in Canada, we have several ways to help you:

1. Use the chat feature on our website;
2. Send us an email at info@zensurance.com; or
3. Call our customer care number at 1 888 654 6030.