Alberta Business Insurance
Your business is unlike any other, which means you have unique needs when it comes to Business Insurance. You need a plan that will fit your company, which means you need a broker that will help you with all the necessary preparations and considerations in order to make certain your business is properly covered.
The Types of Coverage a Business Owner Needs
It is important to understand the many different types of Commercial Insurance coverage that is available. You need a policy that is going to match your insurance needs. It is crucial that you know about mandatory coverage and about the optional coverage that is available for additional protection. Your broker at Del Fisher Insurance is here to help you make the best decisions and design a policy that meets all of your needs while fitting nicely into your budget.
Regardless of the type of business that you own, even if it is based out of your home, you need General Liability Insurance. With this type of coverage, you are protected against claims of property damage and bodily injury. This will also include the legal expenses that are associated with such claims.
If you own the building that houses your business, you will need to include property damage coverage in your policy. In addition, if you have personal business property, such as computers, office equipment, tools or inventory, you will need to include this in your Alberta Business Insurance policy as well.
Property damage coverage will provide you with protection against theft, fire, smoke damage, vandalism and other types of property damage. You may also want to think about including business interruption and loss of income coverage as a part of your policy if your operations must come to a halt due to a covered loss.
Business Owner's Policy
Also known as BOP, a business owner's policy combines all of the coverage that you may require as a business owner. Often times, a business owner's policy will include property damage, liability, business interruption, Commercial Auto Insurance and crime coverage.
Based on the specific needs of your company, your broker will be able to help you decide on the coverage options to include in your business owner's policy. You may even be able to save money by bundling your coverage. Ask your broker at Del Fisher Insurance about the most affordable way to protect your business.
Commercial Vehicle Insurance
Commercial vehicle insurance is the best way to protect the automobiles that are owned by your company, including those that are used to transport products, equipment and employees. With this type of protection, your work cars, vans, SUVs and trucks are covered for collision and damages.
If you do not have any vehicles that are owned by your company, but you do have employees that drive their own cars while conducting company business, you will need to invest in non-owned vehicle liability coverage. This will make sure your company is covered in case the employee has little or no Car Insurance. Often times, this type of coverage can be included in a BOP.
Often also referred to as Errors and Omissions Insurance, professional liability will provide you with defense and damage protection against a failure to adequately render your professional services. It is important that you understand that these things will not be covered under your general liability policy. This type of Alberta Commercial Insurance is crucial for some professionals, such as accountants, lawyers, etc.
Directors And Officers Insurance
With this type of insurance, the directors and officers of your company will have protection against their acts that have an effect on the operations or profitability of the company. For example, if an officer or director finds themselves in a legal suit, they will be protected against related damages and expenses.
Data Breach Protection
If your company keeps sensitive or personal information about your customers or employees on your company computers, paper files or servers, you are responsible for keeping that information safe. In the event of a data breach, this type of insurance will protect you against significant loss.
Preparing For Success
The first step toward the ultimate success of your company is a Business Insurance policy through Del Fisher Insurance. Now that you have a better understanding of the types of coverage that are available, you are ready to talk to your broker.
Together, we will analyze your company and assess your coverage needs. In addition to identifying the coverage that your business requires now, your broker will also take the time to evaluate the coverage that your company may need in the future.
Our brokers are insurance professionals, willing to develop an ongoing relationship with you. We understand that in running a business, you are faced with constant change. Your broker is committed to helping you monitor those changes and determine when you need to change your policy for more or less coverage. This is the best way to make certain that you will always have the protection that you need.
Do not make the mistake of thinking that just because your business is small no one will ever try to take you to court. Anyone in any type of business is at risk for legal action. Protecting the company that you have worked so hard to build with liability insurance is just the first step.
Click on the quote request button now to find out about all of the Commercial Insurance options that are available to you. You can have a risk-free, no obligation quote quickly, and then you will be able to see just how affordable the protection that you so desperately need really can be when you go through Del Fisher Insurance.