What is business insurance?
An expensive loss could sideline your business, which is why it’s important that you have safeguards in place to protect it. That’s where business insurance comes in.
A comprehensive insurance policy can help your business, whether it’s big or small, and can provide added peace of mind. Should your business suffer from an unexpected situation like a fire, theft, customer injury, or a cyber attack, business insurance can help you get back on your feet.
Our industry expertise
We’re industry experts, and we draw on our expertise to find the right type and amount of coverage for your business. Whether you work with cars or equipment, food or fuel, we’ll craft a program that respects the finer points of your particular industry, pinpointing your risks and helping you mitigate them.
How we protect your business in British Columbia
Whether your business is in Kelowna, Vancouver or another city in B.C., it will face a variety of risks on a daily basis. We understand what’s needed to help protect a business, and offer coverage for the following:
Types of insurance coverages that help keep British Columbia businesses safe
Commercial property insurance:
If you own the building you work out of or you’re responsible for it according to the lease you have with your landlord, commercial property insurance can help. If something should go wrong, the right commercial property policy can assist with repair costs and get you back in business quickly. It also protects your building’s contents, including things like equipment, furniture, fixtures, tools, machinery, and property of others.
Commercial general liability (CGL):
Commercial general liability insurance, or CGL insurance for short, is meant to protect business owners if they’re found legally liable for bodily injuries or property damage to a third party. No matter the size of your company or what kind of business you run, you’re at risk. For instance, if a customer tripped while on your premises and injured themselves, you could be held liable. Or if you accidentally damaged a customer’s home while performing some contracting work for them, you could be held liable. CGL insurance can help shoulder those costs.
Commercial auto insurance:
Whether you’re a bakery owner with a fleet of food delivery vehicles or a contractor driving between job sites, you will need commercial auto insurance. It is designed to help protect the vehicle, or fleet of vehicles, you use to run your business efficiently, and ensure you’re not leaving your business vulnerable to costly risks and expensive losses.
Business interruption insurance:
Having insurance for your building and inventory may be a no-brainer, but what business owners may not consider is insurance to cover the loss of income after a disaster. That’s where business interruption insurance comes in. It will replace a source of income that’s disrupted, reduced, or eliminated if a covered peril suspends your operations. Business interruption insurance also includes coverage for extra expenses to expedite your return to business or help limit your loss.
How much does business insurance cost in British Columbia?
Business insurance costs vary across Canada. While location is a factor insurers consider when calculating your premium, they also look at other factors like industry, risk exposure, revenue, number of employees, claims history, and more.
How to get business insurance in British Columbia
Fill out this short form and we’ll get in touch with you to build a customized policy that’s tailored to your business’ need, it’s as simple as that! We’ll also be happy to answer any questions you have along the way.