Edmonton Business Liability Insurance
Edmonton is Alberta’s capital and home to thousands of small businesses.
In Edmonton, Business Liability Insurance is crucial to protect your business against risks of property damage or liability claims.
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What is Edmonton Business Liability Insurance?
Business Liability Insurance protects Edmonton business owners from losses due to unforeseen events that may occur during normal business operations such as property damage, errors or injuries. There are many types of insurance for businesses that protect them according to their industry, size and revenue. Some of these types include general liability insurance, errors and omissions insurance or directors & officers liability insurance.
What does Business Liability Insurance cover?
While Business Insurance is not an insurance type per se, it is usually used as an umbrella term to refer to commercial general liability insurance and all the business insurance sub-types.
Explore the following insurance policies for specific coverage information:
- Commercial General Liability (CGL)
- Directors’ and Officers’ Liability
- Professional Liability (also known as Errors and Omissions)
- Cyber Liability Insurance
Who needs Business Liability Insurance?
Regardless of your business type, owning insurance is critical for the long term survival of any business. Cover the financial costs associated with unforeseen events such as damage caused to 3rd parties, accusations of professional negligence or defective products.
What is the cost of Business Liability Insurance in Edmonton?
For a small business located in Edmonton, you can anticipate spending approximately $650 annually on a basic commercial general liability insurance policy with a $2M limit.
The exact cost of an insurance policy varies according to factors such as:
- Industry
- Risk Exposure
- Years of Experience
- Location
- Number of Employees
- Revenue
- Claims History
Getting insured is quick and easy!
If Edmonton Business Liability Insurance is what you need, request a free quote now
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