Dear valued customers, as you must all be aware of COVID-19 and the strict protocols which have been implemented nationally, it is important that we continue to provide facilities to look after our current and prospective customers needs. Effective March 18th, 2020, My Insurance Broker closed its corporate offices and has since had all members of its staff and broker partners working from home. Although we maintain a few members of our team to continue to maintain administration functions, our doors continue to be temporarily closed to the public. We can however maintain all your queries through one of our secure alternative channels. Existing Clients: Please call us on our toll-free line or contact your broker directly. Our blog is constantly being updated and will have more information on ways to manage your policy, changes, and requests from the comfort of your home. Check back for this information and other useful tips while managing COVID-19 soon. New/Prospective Clients: Shopping has never been easier through our Online Quoter. Please complete your details online and one of our insurance specialists will contact you to discuss your coverage and premium. All of our agents are equipped to bind coverage over the phone so we’ve got you covered. No paper, no complicated emails or forms. One calls and have your policy in place over the phone! x

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July 5, 2016  •   2 minute read

What Is Business Insurance?

And Why Do I Need It?

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 such as 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.

Why business insurance is important.

Why do I 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.

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

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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

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