This insurance can protect your business in the event of accidental harm caused to a third party. It may cover:
- Bodily injury;
- Property damage;
- Legal fees you incur if you're sued.
Commercial liability insurance may cover many aspects of your company's operations (activities, premises, work and products).
For example, let's say someone gets injured while visiting your premises. You could get sued, and the associated costs could quickly deplete your company's savings. Commercial liability insurance could help you reduce the financial blow on your company.
Depending on what kind of business you run, there are also other useful types of liability coverage, like professional liability insurance and directors and officers liability insurance.
This insurance is designed for some vehicles you use for running your business. Basic coverage can include:
- Civil liability;
- Collision and upset;
- Fire, theft and vandalism.
- Other perils like:
- Glass breakage;
Here are a few vehicles uses and categories that can be covered:
- Cars used to visit your customers;
- Commercial trucks used to transport supplies;
- Delivery vehicles.
These vehicles are an integral part to running your business, losing them could have a direct impact on your income and ability to deliver services. Choose the right coverage so you could get things back to normal more quickly.
This insurance can protect your company against many risks—like fire, theft, and vandalism—whether you rent or own your place of business. Here's what's may be covered:
- Materials and equipment;
Commercial property insurance can help you:
- Cover loss related to unpaid rent;
- Replace equipment that is damaged by accident;
- Protect your signs and windows (if you have a storefront).
The right coverage could help you to continue doing business and remain financially viable if you can suddenly no longer use your commercial property.
This insurance can help protect your customers and your business from the consequences of cyber threats. Here are some of the events that may be covered:
- Damage to your operating systems;
- Software corrupted by a virus.
For example, in the event of a cyberattack, your company might need the help of a public relations firm to review and respond to the potential impact. Cyber insurance could also reimburse you for system restoration fees, with the goal of reducing the financial impact of such an attack.
Speak with one of our damage insurance agents at The Personal to determine the right insurance coverage for your business or start a quote online.
4 types of insurance for your business needs
In business, everything you do has risk—no matter how hard you try to prevent it. The first thing to do is to examine your business needs when you're looking to get insurance for your company or renew your coverage. Here's a guide to the 4 main types of business insurance and the risks they can cover.
Certain conditions, exclusions and limitations may apply The terms and conditions of the coverages described are set out in the insurance policy, which always prevails. These tips are provided for information and prevention purposes only. They are general in nature, and The Personal cannot be held liable for them. We recommend using caution and consulting an expert for comprehensive, tailored advice.