Top Posts
Ft. McMurray's Fire
Adopting Adept Adapting
UBER Insurance Ontario
Related Topics
Get An Quote Online
Auto Insurance Discounts
Locate us

Why is Business Insurance so Important?

By Ben N.  •  My Insurance Broker
Jul 6th, 2016 at 12:52 pm  •  Richmond Hill, ON

Compare Auto Insurance Quotes.
Compare The Best Auto Insurance Rates From Canada's Top Insurance Companies.
Average savings $500. Coverage available from $1,000,000 to 2,000,000.
Why Business Insurance is so important. Image Source.

Risk in business is inherent, but not all financial risk is. Insure your business today!

What is Business Insurance?

Business insurance is insurance coverage purchased to financially protect a business’ assets, which may include: physical office space, company vehicles, machinery and equipment, and inventory. Business insurance also protects against liabilities: lawsuits, damages, malpractice, and work-related injuries or death on company premises or as a result of the product or service provided. Additionally, some business insurance plans may be tax-deductible business expenses.

Although it’s important to take occasional risks, lacking business insurance is not a risk worth taking, particularly if you’re a small business owner and your business is depending on a partnership or a sole proprietor (an individual owner). If something unexpected should happen, it could mean the end of your business.

What are the different types of Business Insurance?

My Insurance Broker offers many general and niche insurance products for your business, including, but not limited to:

Why do you need Business Insurance?

If you or an employee make a mistake, which happens in almost every business, these errors could harm your customers, your employees, or anyone else involved with your business. Business insurance plans may help protect your business from liability and any resulting legal consequences. Businesses today are encouraged to purchase business insurance in order to help mitigate negative financial impact arising from liabilities. Talk to a My Insurance Broker adviser today to find the right Business Insurance plan for your emerging business.

All businesses should have business insurance Image Source.
Compare Auto Insurance Quotes.
Compare The Best Auto Insurance Rates From Canada's Top Insurance Companies.
Average savings $500. Coverage available from $1,000,000 to 2,000,000.

References

Canada Business Network (2016). Insurance for your small business. As retrieved July 5, 2016 from http://www.canadabusiness.ca/eng/page/2684/.