Calgary Small Business Insurance
Commercial General Liability
Recommended for all businesses, this helps cover expenses related to a third party getting injured or having their property damaged due to a negligent act by you or an employee of your business. For example, someone slipping and falling on your premises.
If you provide a professional service or advice, this coverage is essential. It helps cover expenses related to a third party accusing you of causing financial loss due to your professional advice or service. For example, if you are managing a project that goes very over budget.
If you manufacture products, this coverage can help cover expenses relating to a product that accidentally causes injury or property damage. This can include defence costs, medical expenses, judgement awards and settlements.
Helps cover expenses related to a cyberattack or data breach. This coverage varies by provider so it’s important to understand what coverage is offered.
Protects your company’s owned property including buildings, furniture, inventory, equipment, tools, and more.
Helps cover repairs or replacement of equipment that suffers a mechanical or electrical breakdown.
If you have company-owned vehicles, you’ll require this type of coverage. It’s auto insurance for commercial vehicles. Your coverage can include third party liability, accident benefits, direct compensation for property damage, collision, comprehensive, and more.
Helps cover costs associated with money and forgery crimes not normally covered by standard insurance policies.
If your business is forced to shut down due to a covered claim, this coverage can help cover expenses while repairs take place. Some policies also provide for temporary relocation so you can get your business going sooner.
What is covered by your small business insurance in Calgary will depend on which coverages you choose when you buy a policy. You policy documents will outline exactly what is and isn’t covered. You can always talk to your broker if you have any questions. Remember – every policy is different!
Your policy documents will specifically state what is not covered in sections called ‘exclusions.’ Your broker will also discuss certain exclusions with you.
Sometimes, when one type of coverage doesn’t protect you from something, another type of insurance will. A common example is found with commercial property, which does not cover mechanical or electrical breakdown of equipment – but equipment breakdown coverage does!
You may be required to have insurance for your small business in Calgary by contract or by law. For example, many landlords require you to carry commercial general liability coverage. If you own company vehicles, you’ll also be required to carry third party liability insurance on a commercial vehicle policy.
Other than contract and legal requirements, insurance is designed to help your small business survive unexpected events. It helps reduce the financial burden of a disaster. If you can’t cover costs of a lawsuit or replacing inventory, you should have insurance to help.
Work with A-WIN Insurance for your small business insurance in Calgary to get:
- Attention to detail
- Prompt and reliable
- Competitive rates
- Great coverage
All in all, we’re known for our exceptional customer service. We can help your small business get the right protection for the best possible price.