Business Insurance – Saskatchewan

Liability insurance in Saskatchewan 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 Saskatchewan. 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 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 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. Hospitality insurance policies can include a variety of coverages ranging from liability, property, business interruption, and money & securities coverage.

Commercial auto insurance 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 Saskatchewan.

Think of it as home insurance for your business. Commercial property insurance in Saskatchewan 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.

Business consultants offer their services without a need for storefronts 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 Saskatchewan.

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.

1. Evaluate the specific risks associated with your business operations. Consider factors such as the nature of your business, industry regulations, and any potential liabilities.
2. Collect detailed information about your business, including its structure, number of employees, revenue, property, and previous insurance history.
3. Contact Westland Insurance to discuss your needs. Our commercial insurance brokers can guide you through the process and help you find the right coverage.
4. Once you have chosen the best coverage for your business, finalize the purchase and make sure you understand the policy terms, coverage limits, and exclusions.

Westland Insurance is here to assist you at every step, providing expert advice and tailored solutions to meet your business insurance needs.

Business insurance typically covers a wide range of protections designed to safeguard your business against various risks. Common areas of coverage include:

• General Liability Insurance: Protects against claims of bodily injury, property damage, and other liabilities that may arise from your business operations.
• Property Insurance: Covers damage to your business property, including buildings, equipment, and inventory, due to fire, theft, or natural disasters.
• Commercial Auto Insurance: Provides coverage for vehicles used in business operations, protecting against damages and liabilities.
• Professional Liability Insurance (Errors and Omissions): Protects against claims of negligence or mistakes in the professional services you provide.
• Workers’ Compensation: Covers medical expenses and lost wages for employees who are injured on the job.
• Business Interruption Insurance: Compensates for lost income and operating expenses if your business is temporarily closed due to a covered event.
• Cyber Liability Insurance: Provides coverage in the event of data breaches or cyberattacks, helping to mitigate financial losses and reputational damage.

Westland Insurance can help you customize your policy to include the coverages most relevant to your business needs.

The type of insurance your business needs will depend on industry, business size, and specific risks. Additional coverages may also be needed based on your business activities and risks. The business insurance brokers at Westland Insurance can provide a comprehensive assessment and recommend the appropriate policies to ensure your business is well-protected.