Why do I need 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.
Whether you’ve been in business for years or are just launching your venture, a comprehensive insurance policy can help your business recover in the event of damage or loss, and can provide added peace of mind. Whether it’s a fire, theft, customer injury, or a cyber attack, business insurance can help you get back on your feet.
Work with industry experts
Whether you work in oil and gas production, retail, or food services, we can offer valuable industry specific expertise to help tailor a solution that addresses your risks.
In Atlantic Canada, here is a list of the types of businesses we work with:
How we protect your business in Atlantic Canada
As a business in Nova Scotia, New Brunswick, Newfoundland and Labrador, or Prince Edward Island, you 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 businesses safe in Atlantic Canada
Business interruption insurance:
What would you do if your business was unable to operate? Business interruption insurance can help cover the loss of income if an unexpected disaster were to occur. It can help 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.
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 goes wrong, the right commercial property policy can assist with repair costs and get you back to 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 contractor driving between job sites or a baker using a fleet of vehicles to deliver your goods, you will need commercial auto insurance. This coverage 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.
How much does business insurance cost in Atlantic Canada?
While location is a factor considered by insurers when calculating your premium, they also look at the industry your business is in, what risks you face, revenue, number of employees, claims history, and more.
How to get business insurance in Atlantic Canada
Get started with us today by filling out this short form. A member of our team will get in touch with you to build a policy that fits your unique business needs.
