Business insurance in Alberta, explained
Also referred to as commercial insurance, business insurance in Alberta can protect business owners, operations, and employees from unforeseen circumstances. There are many types of business insurance available – from small business insurance to general and commercial liability insurance in Alberta. The protection you get with each type of business insurance varies, so it’s important to ensure your policy is the best fit for your business.
The type of business and how it’s run will inform the type of business insurance you need in Alberta to keep your operations intact. Business insurance policies are typically offered according to the type of risk you’re looking to be protected from or the industry you’re in.
Westland has access to national and international markets to offer specialized insurance, no matter what industry you’re in. From basic liability insurance to entertainment and film insurance and even insurance for oil and gas contractors, our advisors can help you build the ideal commercial insurance policy in Alberta.
Types of business insurance in Alberta
Business liability insurance in Alberta protects your business if someone pursues action as a result of bodily injury or property damage. This could be from the actions of your employees, your products or operations, or an incident that occurred at your place of business.
Cyber insurance for businesses can help you safeguard your business from cyber-attacks and hacking attempts. With many businesses – regardless of the industry – relying on digital solutions to house customers’ and other confidential information, cyber-attacks and data breaches pose a real threat to businesses in Alberta. Cyber insurance policies can cover you for business interruption, forensic support, legal support, and cyber extortion defence.
Also referred to as professional liability insurance, this covers your business in case you’re accused of alleged negligence. If a client claims a loss or damages due to a service your business provided, E&O or professional liability insurance will help cover your legal costs and damages. This could be related to errors or omissions related to your services or failing to deliver goods or services.
If your business’ usual operations have been interrupted by an event covered by your policy – like flooding or a fire – business interruption insurance will help you recover lost income and operating expenses.
Farms are specialized businesses that need specialized insurance policies. From relying on favourable weather to ensuring your equipment and machinery are in working condition, there’s a lot that goes into the successful operation of a farm. Farm insurance in Alberta can include a range of coverage – from equipment breakdown insurance to coverage for your livestock, we have the insurance solutions you need to safeguard your season.
Whether you’re running a small bed and breakfast or opening a new franchised restaurant, it’s important to have the right insurance policy in place. Insurance for hospitality businesses in Alberta can include a variety of coverages ranging from liability, property, business interruption, and money & securities coverage.
Commercial auto insurance in Alberta covers everything from a van with an electrician’s equipment to a car making deliveries of baked goods. Whether you have one car used for business-related errands or a whole fleet of vehicles that help keep your operations running, Westland has the commercial auto insurance you need in Alberta.
Think of it as home insurance for your business. Commercial property insurance in Alberta can help businesses recover from the financial impact of a covered loss, including repair and replacement costs for your property and inventory, as well as coverage for lost income and expenses.
How much is business insurance in Alberta?
How much business insurance costs in Alberta largely depends on your business and the exact type of coverage you need. The easiest way to find out how much business insurance costs is to reach out to an advisor at Westland. We’ll collect details about your business, get you prices from multiple providers, and even help you compare packages to ensure you choose the right policy.
What factors determine the cost of business insurance in Alberta?
How much you’ll pay for business insurance in Alberta depends on the type of insurance you need, the coverages you select, and other factors, including:
Business consultants offer their services without a need for storefront or tangible goods. This means they’ll require different coverage – like cyber insurance, for example. If you use a vehicle to deliver products, you’ll need to have commercial auto insurance as part of your overall business insurance policy in Alberta.
Your insurance policy needs to match the value of your business and its operations. Running a farm, for example, can include many components – from cultivating crops, taking care of livestock, and running a storefront. The upkeep and expenses of a farm can outweigh that of a marketing consultant, for example. This will affect the amount (and type) of coverage you need, impacting the cost of your business insurance policy.
All insurance policies, commercial or not, are calculated based on risk. The risk that a graphic designer assumes can be much different than that of a bakery owner, for example. Things like your location, number of employees, and the nature of your business all contribute to how much risk your business is exposed to.
How to save on business insurance in Alberta
The best way to save on business insurance in Alberta is to review your policy regularly with an advisor. Taking the time to assess your coverage and policy limits allows you to adjust them as needed – and avoid paying for coverages you may no longer need. Plus, keeping your advisor abreast of any changes in your business will help them ensure you have the protection you need every step of the way.
Discounts on business insurance in Alberta
One of the simplest ways for some businesses to save is through association and industry-specific discounts. If your business is part of a professional association or industry group, you might be eligible for special rates. These discounts acknowledge the collective risk management efforts and professionalism within these groups, helping you save on your premiums.
Another way to lower your premiums is by minimizing risks and improving safety within your business operations. Implementing effective safety protocols and risk management strategies can not only create a safer work environment but also demonstrate to insurers that you’re committed to reducing potential claims. This can potentially result in lower premiums, making it a win-win situation.

Explore big insurance solutions for small businesses in Alberta
Small business owners in Alberta have enough to juggle — let us take insurance off your plate. Our local advisors offer tailored coverage to protect what matters most. With the right insurance, you can focus on growing your business with confidence.
Example of a business insurance claim
Let’s say you have a bakery that’s been affected by a flash flood. Your commercial baking equipment has been affected, your product has been lost, and you’re left with no choice but to close your doors until you can get things back in order. What now?
Parts of your business insurance policy in Alberta may step in to help you make the necessary repairs and replacements to get back on your feet:
Business interruption coverage
You’ll be covered for lost income – including employee wages – while you’re getting things back in working order.
Equipment breakdown coverage
Your commercial-sized mixer is out of order, and now there’s no way to mix the batches of dough you need to keep selling. Get help to repair equipment essential to your operation.
Why choose Westland for your business insurance needs?
We're committed to going one step further for our business insurance clients. Whether you're seeking insurance for a small business in Alberta that checks all the boxes or require a sophisticated solution to manage complex risk, choose Westland and experience coverage that goes further.

Ease & convenience
We make it easy for you to access the best insurance solutions for your business, and we’re always there for you when you need us.

Best value
We leverage our network of insurers to provide you with peace of mind that you’re receiving the best coverage, at the right price.

Experience & expertise
With years of industry knowledge, we provide expert guidance and tailored business insurance solutions to protect what matters most to you.

Access to markets
Our access to national and international insurance capacity guarantees world-class protection, tailored to meet your needs.

Claims
If you experience a loss, we’ll be there for you. Westland has a dedicated claims department providing unrivaled expertise and advocacy.

Community
We're committed to giving back. Our Amplifying Communities initiative supports community projects across Alberta and all of Canada.
Connect with us
Our expert advisors are waiting to help you find the perfect business insurance policy.
Find a branch
Come in and speak to an advisor to get a customized policy made just for you.
Request a quote
Start an online quote at your convenience, and we’ll help you select a plan that works for you.
Areas we serve
At Westland Insurance, we offer comprehensive business insurance solutions to enterprises throughout Alberta. Our extensive network and local expertise ensure that your business is well-protected, no matter where you are located.
Westland Insurance is proud to serve the following towns and cities in Alberta:
Calgary
Edmonton
Red Deer
Lethbridge
St. Albert
Medicine Hat
Grande Prairie
Airdrie
Spruce Grove
Leduc
Fort McMurray
Camrose
Okotoks
Cochrane
Brooks
Lloydminster
Sylvan Lake
Sexsmith
FAQs about business insurance in Alberta
The cost of business insurance in Alberta can vary widely based on several factors, including the type of business, the industry, the size of the business, and the specific risks involved. For small businesses, premiums can start as low as $500 annually but increase for larger enterprises with more complex risk profiles. To get an accurate estimate for your business, request a quote from the commercial insurance brokers at Westland Insurance.
The type of business insurance you need will depend on the nature of your business, industry requirements, and specific risks. Common types of business insurance include:
- Business Liability Insurance: Protects against claims of bodily injury, property damage, and other liabilities.
- Property Insurance: Covers damage to your business property, including buildings, equipment, and inventory.
- Commercial Auto Insurance: Provides coverage for vehicles used in business operations.
- Professional Liability Insurance (Errors and Omissions): Protects against claims of negligence or mistakes in the professional services you provide.
- Workers’ Compensation: Offers coverage for medical expenses and lost wages for employees injured at work.
- Business Interruption Insurance: Covers lost income and operating expenses if your business is temporarily closed due to a covered event.
Westland Insurance can help you identify the specific coverage your business needs to ensure comprehensive protection.
Business interruption insurance is a type of coverage that helps businesses recover lost income and cover operating expenses in the event of a disruption to normal operations. This disruption can be due to natural disasters, fires, theft, or other covered perils that cause significant damage to the business premises, rendering them temporarily unusable. The coverage typically includes lost revenue, rent or lease payments, payroll, taxes, and loan payments, ensuring that the business can continue to meet its financial obligations while recovery efforts are underway.
Obtaining business insurance involves the following steps:
- Identify the specific risks associated with your business and the types of coverage you may require.
- Prepare details about your business, including the nature of operations, number of employees, revenue, and any previous insurance history.
- Contact Westland Insurance to discuss your needs and obtain quotes.
- Evaluate the coverage options and premiums to find the best fit for your business.
- Once you’ve found the right coverage, finalize the purchase and ensure you understand the policy terms, coverage limits, and exclusions.
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