Welcome, EDGE Members!

Canada’s leading digital insurance brokerage, Zensurance has partnered with EDGE to provide EDGE Members with competitive savings on business insurance.

Get your free custom quote today! It’s easy and takes only a few minutes.

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What is Business Insurance?

Business insurance protects business owners from losses due to unforeseen events that may occur during day-to-day business operations, including third-party property damage, cybercrime, negligence, or bodily injuries.

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What does Business Insurance cover?

Every business is unique, and insurance requirements may vary by industry; however, a comprehensive policy package for will typically include the following coverages:

Commercial General Liability Insurance (CGL) protects you from the everyday risks you can expect to face in your day-to-day business operations, including third-party property damage or bodily injuries resulting from negligence. CGL covers legal expenses, as well as medical fees.
Professional Liability Insurance, also known as Errors & Omissions, protects professionals from client claims alleging financial loss due to a service you provided, as well as lawsuits alleging negligence, misconduct, and failure to deliver services as promised.
Cyber Liability Insurance includes coverage for costs associated with cybercrime involving your technology systems and customer data.

Additional Coverage

Cybercrime Insurance can be purchased in addition to Cyber Liability Insurance to provide coverage for loss of funds due to cybercrime, which may include phishing, hacking, or social engineering fraud. This policy provides coverage for notification costs, data restoration, and legal expenses.
Product Liability Insurance protects business owners against claims alleging third-party property damage or bodily injury caused by a product you manufacture, distribute, or sell.

Who needs Business Insurance?

Business insurance provides coverage for the financial costs associated with unforeseen events such as damage caused to third parties, accusations of professional negligence, or defective products. It is a critical component of your risk management strategy.

Any business that provides or develops products and devices, stores client data, or offers services for a fee should protect their business with a comprehensive insurance policy package.

Your business is unique, and coverage requirements will vary. Speak with a broker to find a policy to suit your specific business needs.

What is the cost of Business Insurance?

Your insurance premium cost varies based on factors such as industry, services, and annual revenue. For example, the founder of a tech startup can anticipate premiums starting at $870 a year on a business insurance package with $1M CGL and $1M Professional Liability and Cyber Liability coverage.

In the online quote application, we ask some questions to understand your coverage needs better. The following factors are typically taken into consideration when determining the cost of your premium: