business insurance

Commercial Insurance

According to the Government of Canada’s Canada Business Network website, the “right type of business insurance can provide peace of mind in both your personal and business life.”

Grandin Agencies understands this. All businesses take some risks, but taking too many risks or failing to protect yourself does not make good business sense. Starting a business is a big investment with a lot of time and money required to run and maintain your company. Don’t let your hard work go to waste – let Grandin Agencies help protect your enterprise with commercial insurance coverage in St. Albert.

By definition, commercial property insurance protects commercial property (manufacturers, retailers, service-oriented businesses, and not-for-profit organizations) from such perils as fire, theft, and natural disaster, and for coverage in the event of an interruption of business. As a registered business, you can also deduct the cost of commercial property insurance premiums as expenses for taxation purposes. Speak to your accountant to find out which premiums are deductible as business expenses.

There are various types of insurance so get advice from a Grandin Agencies insurance broker who is familiar with your specific type of business. One of the most critical needs is to protect your assets and earnings – property, content, business interruption and vehicle insurance – in the event that a disaster or emergency destroys part or all of your businesses’ assets. If you run your business out of your home, you will likely need separate contents insurance for your business assets.

Mistakes happen so liability insurance is critical to protect your business from being sued. Consider general liability to cover injury to clients or employees on your premises; product liability in case a product is defective or causes serious harm; professional liability insurance for errors, omissions, or negligence when performing professional services; and, accounts receivable insurance, also known as credit insurance, can help protect you from this risk when a client goes bankrupt or refuses to pay. Note, the risks are often greater when dealing with export markets.

If you are ready to learn about your coverage options for commercial insurance, please call Grandin Agencies today and one of our insurance brokers will gather the necessary information and present you with your options in St. Albert.

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