Business Insurance

Here are some tips to help you choose the best insurance policy for you. 

1. Look for a scalable plan – As the size of your business grows, you’ll want an insurance policy to do the same. Based on the per-employee cost, it may be difficult to scale as you hire more people. 
2. Don’t assume what’s covered and what’s not – If there are any uncertainties with what is covered and what isn’t covered, be sure to ask questions and get full clarification. 
3. Find out how quotes are calculated – Ask your insurance broker how the quote is being calculated. This will help you understand the scalability of your insurance policy especially if it is based on a per-employee cost. 
4. What are your industry’s insurance obligations – Certain industries have mandatory insurance coverage provisions in place. Be sure you’re fully aware of what insurance you’re legally required to have to operate your business.
5. Read each policy carefully – Not all business insurance policies are the same. Be sure to read over each policy carefully and ask questions if you have any. 
6. Keep all your options open – Make sure you fully investigate all possible options available before making a final decision. 
7. Work with a trusted broker – It is important to work with an insurance broker who fully understands your industry and someone you can trust. 

A small business insurance policy helps protect you from accidents that may happen such as cyber attacks, liability lawsuits, business interruption, weather damage, and more.

General liability insurance for small business will cover defense and damages in the event that you or your employees, or your products or services cause bodily injury or property damage to a third party.

Small business quotes are different for every unique industry. At Regal Insurance Brokers, we pair you with an insurance broker that understands your business as well as you do to ensure you’re fully covered.

As a business owner, it’s important to pick the right business insurance policy which offers the most amount of coverage while allowing you to be efficient with your money.

The most common types of business insurance are worker’s compensation insurance (WSIB insurance), professional liability insurance or errors and omissions insurance, property insurance, product liability insurance, commercial auto insurance, and cyber insurance.

Depending on the nature of your business, you may want to consider various insurance policy options. The following questions can help kickstart your initial search to better narrow in on what insurance policy would be best for you and your business. Will you be hiring employees? Will you have a brick-and-mortar location? Will you be offering a service, product, or both? For example, a freelance graphic designer working from home won’t need the same coverage as a beauty esthetician working in a salon. Not all businesses are the same which is why we provide a variety of options to choose from.

Insurance quotes are different for every unique industry. At Regal Insurance Brokers, we pair you with an insurance broker that understands your business as well as you do to ensure you’re fully covered.