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Alberta Small Business Insurance 101

Jun 25, 2018

New-Small-Business 

 

What is Alberta small business insurance?

Small businesses, just like any other business, should purchase a commercial insurance policy. If the business experiences an insured loss, a small business insurance policy can help protect the company’s financial well-being and assets.  

How much does small business insurance cost in Alberta?

The cost of small business insurance in Alberta varies with each business depending on the business operations, revenues and coverages. Small business insurance is not one size fits all. The best way to find out the cost of small business insurance in Alberta is to get a no obligation quote.

Does my Alberta home insurance include coverage for my small business?

Some home based small businesses may be able to added coverage for business operations to a home insurance policy.  However, the liability and property coverage may not be sufficient for all operations. We recommend discussing all small business insurance options with your insurance broker. Your broker should review your business operations as well as your annual revenue to determine the best business insurance coverage for your business.

Small business insurance coverages for start ups

Liability Insurance: To learn more about commercial liability insurance visit Alberta Business Liability Insurance. Liability Insurance for a small business is essential. Liability claims do occur and the correct coverage can help pay for legal bills, the cost of bodily injury and property damage arising from your or your employees’ negligence.

Building Coverage: If your business owns a building it is important to ensure the building has correct coverages and sufficient limits in case a loss occurs.

Business Contents Coverage: You may want to consider insurance coverage for your business personal property for items such as furniture, supplies and other business contents.

Business interruption Insurance: If your business is inoperable due to an insured loss, business income coverage can help pay for the cost of business expenses and lost income.

Your insurance broker may recommend additional coverages depending on your business operations and risk exposure.

How do I get insurance for my small business in Calgary?

Westland Insurance has many locations throughout Alberta including Calgary, Lethbridge, Grande Prairie, Medicine Hat and Red Deer. Visit Alberta insurance locations for a full list of Westland’s Alberta offices. We have a Small Business Insurance team dedicated to providing insurance quotes for small businesses. Give them a call today at 1-888-259-2747 or request a small business insurance quote online.

To learn more about insurance for small businesses visit small business insurance in Alberta.

CATEGORIES:
  • Commercial Insurance