Business insurance policies work to cover virtually any risk that your business could possibly face, and, while you most likely will not need every type of policy, your business may need several different types of business insurance. At Mountainview Insurance, we know how important your business is to you. That is why we offer a wide range of business insurance policies that will help protect your business in the event of a mishap.
Professional liability insurance is designed to cover a business against negligence claims due to bodily harm that results from a mistake or failure to perform. With this type of insurance, there is no one-size-fits-all policy. Each industry has its own set of concerns that will need to be addressed, which is why your insurance company will provide you with a customized policy that will fit your business specific needs and concerns.
Property insurance is a must for all business owners, whether you own your workspace or not. This insurance policy will cover equipment, signage, inventory, and furniture in the event of a fire, storm, or theft; however, mass-destruction events, such as floods and earthquakes, are not always covered under standard property insurance policies.
Worker’s compensation insurance covers medical treatment, disability, and death benefits in the event that an employee is injured or dies as a result of working at your business. Even if your employees are only performing seemingly low-risk work, slip and fall injuries or medical conditions, such as carpal tunnel syndrome, could result in a costly claim.
It is important to note that homeowner’s policies do not cover home-based businesses in the way commercial property insurance does. If you are operating your business out of your home, you should ask your insurance provider for additional insurance to cover any equipment or inventory in the event of a problem.
Product liability insurance is a must for any business that manufactures products for sale on the general market. This type of insurance works to protect a business in the event that one of its products causes damages, and can be tailored specifically to a specific type of product.
If your business involves a company vehicle, you need to make sure that your vehicle is fully insured to protect your business against liability if an accident should occur. At the very least, you should insure your business against third-party injury, but it is important to note that comprehensive insurance will cover that vehicle in an accident as well.
Business interruption insurance will compensate your business for any lost income that results from a disaster or catastrophic event. During such an event, your business will suffer from lost income due to your staff’s inability to work in the office, manufacture products, or make sales calls. This type of insurance is especially applicable to companies that require a physical location to business, such as a retail store.
If you would like to learn more about the different types of business insurance, or if you are interested in one of our insurance products, please contact Mountainview Insurance at 604-557-0255 or by requesting a quote on our website.
We’re ready to understand your insurance needs and to work for you to get the coverage you need.