Are you a company owner? Then you probably already know that a Calgary commercial insurance policy is one of the most important investments you can make for your business. But are you aware of the different kinds of coverage it entails? Read on to know more about the different policies available.
Commercial property insurance generally covers the property on which a business is operating, from the actual building itself to the equipment and furniture the company owns. In the event of a disaster or a theft, an insurance policy is there to help the business recover and minimalize the damage that the loss of property has caused.
Lawsuits against businesses are common. As such, they should make sure that they are protected from legal action in the form of a commercial liability insurance policy. Legal actions, along with loss of property, are some of the most common causes of bankruptcy. Think about it—if someone gets hurt while on your company's property and you are uninsured, who will have to pay? That's right... you. With a commercial liability insurance policy, you are completely covered in that regard. If you are a small, expanding company, this policy is bound to save you more than one headache.
Finally, a company should always protect its employees. The Canadian law makes it illegal for registered companies to not have a workers' compensation policy, although keep in mind that this only applies if a company hires a certain number of employees. Workers' compensation provides benefits to employees who become ill or injured on the job.
Depending on what type of business you are operating, and what type of coverage you are looking for, Sharp Insurance is there to help you become aware of the different types of coverage available to you. Fill out a free insurance quote today and see what kind of insurance package would work best for you.