Business insurance can help companies protect their financial assets, physical property, and intellectual ideas by shielding them from losses related to their business activities. Understanding how business insurance works will help you select the right types of insurance for your company’s needs. If you are unsure about which insurance products will work best for your business, the professional team from Mountainview Insurance can help.
Business insurance protects businesses against financial loss. Since every business model and industry has its own unique risks, business owners will need to work with an insurance provider to tailor their coverage to their specific needs. When choosing a business insurance policy, you should take into consideration:
Business insurance works by creating a contract between a business and an insurance company in which the insurance company agrees to share the business’ risks in exchange for regular insurance premium payments. In the event that the business experiences a loss that is covered under the insurance policy, the insurance company will cover the financial losses up to the maximum limit set out in the policy. In most cases, the business will have to pay a deductible before the insurance coverage will kick in and it can be reimbursed.
Some of the most common types of business insurance policy options include:
If you would like to learn more about how business insurance works, or if you are interested in one of our business insurance policies, please contact Mountainview Insurance at 604-557-0255 or by filling out a contact form on our website.
We’re ready to understand your insurance needs and to work for you to get the coverage you need.