Commercial Insurance: Why Your Company Needs Coverage December 7, 2012Building a business is hard work and requires a major investment of your time, money, and energy. When you have put all that into creating a company you can be proud of, the last thing you want is to lose it all to a… Read More
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Commercial Property Insurance Quotes In Canada
Welcome to InsuranceHotline.com, providing auto and commercial property insurance quotes to Canadians for over 15 years. InsuranceHotline.com allows business owners to quickly and easily get competitive business insurance quotes to help protect their most important business assets. Get connected with our network of licensed insurance professionals who can work with you to best understand your specific insurance needs and ensure you are adequately protected.
About Commercial Insurance
Owners of small, medium and large businesses are exposed to a wide variety of risks and need to ensure they’ve obtained the most comprehensive protection possible. Having the right commercial insurance policy does more than just offer peace of mind; it’s an essential part of your company’s strategy to stay competitive and protect yourself, your employees and your assets from financial ruin.
Types of Commercial Insurance:
The most common commercial insurance policies required by businesses include:
Commercial General Liability Insurance
Covers you and your business if you cause property damage or bodily injury, and includes defence costs
Tenants Legal Liability Insurance
Protects against certain damages to leased premises
Errors and Omissions Insurance
Covers you for professional mistakes that might cost your clients expenses or fines
Property coverage Insurance
Insures any property the business may own against insured perils
Construction and Bonding Insurance
Provides coverage for Final bonds, Bid bonds, Environmental bonds
Business Interruption Insurance
Helps cover lost revenue due to a physical loss or damage to assets
Insures actual money loss due to employee dishonesty
Covers property you send by land, sea or air
Why Do I Need Commercial Insurance?
Without the right business insurance coverage, your business could suffer financial ruin due to a catastrophic loss or legal lawsuit. This is especially true for small business owners who wouldn’t be able to withstand such an impact. Obtaining commercial insurance unique to your business needs will allow you to plan for the worst case scenario, maintain a successful, viable business and provide peace of mind. Review and assess your businesses needs often for complete protection of your business.
What Does Commercial Insurance Cover My Business For?
The most common facets of a commercial insurance policy include protection of your company’s Property, General Liability insurance and Business Interruption. In general, Property insurance covers you for damage to your business property, General Liability insurance covers bodily injury or damage done to others, and Business Interruption compensates for lost income due to physical loss or damage to your business assets.
For more information on Commercial Insurance Terms check out the glossary.