Business insurance in Burnaby

Burnaby, British Columbia is the hometown of Michael J. Fox, Michael Bublé, and other Canadian greats. It’s also home to more than 53,000 businesses that employ thousands of other Canadians. The right business insurance coverage can help these businesses gain protection from costly risks and expensive damages. Federated Insurance is committed to protecting Burnaby-based businesses by offering comprehensive business insurance coverage.

Why do you need insurance for your Burnaby-based business?

Being proactive is the best way to protect your business from costly damages. With that in mind, it’s important to be prepared in case sudden setbacks cause a financial impact on your business. Could your business independently afford facing a costly lawsuit or repairing unexpected damages from vandalism? If a severe thunderstorm damages your retail storefront, would you be able to cover the repair costs? That’s where Burnaby business insurance comes in. A comprehensive business insurance policy can help your business recover from sudden setbacks.

We’re in your neighborhood!

As a fellow business in your area, we understand what it takes to run a successful business in Burnaby. Whether you run a retail store in Metrotown, a restaurant in Burnaby Heights, or any other type of specialized business, we can provide you with a business insurance solution that’s catered specifically to you.

As a proactive measure to help mitigate the spread of COVID-19, all of our employees are working remotely. Please contact us by phone/email or reach out to your Insurance Agent directly.

Our Burnaby office is located at:

  • 108 – 4595 Canada Way
    Burnaby BC
    V5G 1J9

  • 604.294.2337

  • 604.294.2353

Burnaby business insurance

What kind of business insurance do you need?

At Federated Insurance, our risk management knowledge and industry expertise can help you build a comprehensive business insurance policy that’s a proper fit for your business. Information such as what specialized work your business does, what equipment you use, and how much revenue you make are all used to determine which insurance coverages can help you protect your business. Here are just a few of the coverages Federated Insurance can offer to protect Burnaby-based businesses like yours.

Commercial general liability insurance

Commercial general liability insurance (or CGL for short), is designed to help protect business owners if they are found legally liable for bodily injuries or for property damage to a third party. For example, if a customer slips and falls in your restaurant, your CGL policy may help cover the legal costs you incur if the customer files a lawsuit against your business.
Learn more about Commercial general liability insurance

Commercial property insurance

If you have a store, an office, or any other type of commercial space, commercial property insurance can help provide protection against sudden setbacks. Fires, storms, vandalism, and other unexpected events can quickly do damage to your property. Commercial property insurance can help you cover repair and replacement costs you need for your property. Even if you don’t own a conventional business space, this insurance coverage can help cover your business’ contents, including equipment, inventory, furniture, and other fixtures.
Learn more about Commercial property insurance

Business interruption insurance

A sudden disaster could force you to temporarily close your business for extensive repairs. Without a steady source of income during this time, your ongoing bills could pile up. That’s why business interruption insurance is important. When a covered peril disrupts your business operations, business interruption insurance will help cover lost business income, regular business expenses, and repair costs needed to get your business back up and running again. For example, if you run a woodworking shop, and burglars break in and steal your equipment, business interruption insurance can help cover your business expenses and costs needed to replace your stolen equipment.
Learn more about Business interruption insurance

Critical Illness Insurance

After being diagnosed with a critical illness, money is the last thing you want to worry about while you recover. Critical illness coverage provides a tax-free lump sum cash payment if you find yourself facing this situation. It can be the financial cushion you need to help ease the financial worry during your time of illness.
Learn more about Critical illness Insurance

Didn’t see the coverage you were looking for?

Don’t worry! We’ve got others! Here are just some of the helpful types of insurance that can protect your business:

Cyber risk and data breach coverage

Cyber risk insurance includes costs coverage for data recovery, customer breach communications and e-commerce threats.

Mechanical and computerized equipment coverage

We offer equipment coverage, as well as rental reimbursement, which covers the cost of renting regular and computerized equipment if yours is damaged or breaks down. This coverage also includes a stated value for production equipment clause, which provides the cost of replacement based on the scheduled value of the production equipment.

Commercial auto insurance

Whether you have just one company vehicle or a whole fleet, commercial auto insurance makes sure you’re protected should you be in an accident. It also provides coverage if there is any damage to a third party.

Why should you choose Federated Insurance to protect your business in Burnaby?

We offer additional services for added peace of mind:

Risk Management Assist

Our customers have unlimited telephone access to our team of Risk Service specialists. They are available to provide guidance and answer questions about the risks your business may face and how to prevent future losses.

Trauma Assist

With our Trauma Assist service, owners and employees can receive assistance to help them cope with the emotional effects of a covered loss.

Legal Assist

Dealing with legal matters surrounding your business can be overwhelming and confusing. That’s why Legal Assist offers unlimited telephone access to general legal advice to discuss any legal situations your business has to deal with.

We’re trusted by the experts:

With over 100 years of experience, Federated Insurance has taken the time to build strong relationships with leading businesses and committed to them for the long-term. Our customers receive quality one-on-one service while dealing with our dedicated Insurance Specialists. 18,000 businesses trust us with their insurance needs and we’re recommended by over 70 trade associations and buying groups. This means we’re in the perfect position to provide specialized knowledge for specific industries.