Earn Air Miles On Your Business Insurance
How Much Biz Insurance Is Enough?
When you purchase business insurance you are purchasing a package. The package includes Commercial General Liability coverages, coverages for your building either owned or not owned, stock, equipment, tools, office contents, crime insurance, business interruption and a variety of other coverages that are available to you.
The key for you is to determine how much insurance you need on these coverages. Most notably is how much Commercial General Liability coverage do you need? Here are some factors for you to think about:
- previous awards made by courts for similar types of business
- inflation: the effect of inflation in reducing the purchasing power of the dollar
- existence of insurance: juries are more generous when they know that the loss will be covered by insurance
- territory of operations: do you do any business out side of Canada? You need to increase your liability coverage as they are more litigious and also consider any currency exchange
- ability of the business to absorb certain losses: are you able to self insure some of your business?
For most business owners it is a struggle for you to determine how much insurance you need. A simple call to a registered insurance broker will relieve this pressure from you so you are able to focus on what you do best, operating your business.
We insure all types of businesses and for your convenience your coverages can be purchased over the phone at 519-941-2266 or 1-877-941-2266.
