Every entrepreneur knows that it’s tough to run a small business. You bear the responsibility for your enterprise and therefore want to be sure that everything is perfect. But, unfortunately, you can’t control everything. Just in case something out of your control does occur, we recommend that every small business have the insurance policies that are right for it. Here are 5 insurance policies that small businesses usually need:
1. General liability insurance
General liability insurance is one of the most basic forms of insurance a small business can have. It protects against many kinds of third person accountability claims. If someone is accidentally injured on your property through no fault of you or your employees, for instance, this insurance would cover your business.
2. Professional liability insurance
As opposed to general liability insurance, professional liability insurance protects you in the case of a third party accountability claim made about events that happened in the course of professional duties. Mistakes or misunderstandings do happen from time to time when doing business, but you don’t want them to jeopardize your entire enterprise. We partner with several professional organizations to produce policies specific to particular fields of business so we’ll be able to find the right policy for you.
3. Property insurance
From the desks in your Edmonton offices to the inventory in your warehouse, property insurance protects you from unexpected losses for all your assets. No matter what business you’re in, you’ll be able to find a policy that protects your property.
4. Commercial car insurance
Whether you have a few company cars or a whole fleet of trucks to move your products, commercial car insurance can give your employees the security to do their jobs properly. Insuring your company vehicles will protect you from the dangers of an uncertain world.
5. Employee benefits
Your employees work hard for you and you want to be sure they’re taken care of as well. Each business is unique in the number and kinds of people it employs. When you sit down with an insurance broker, he or she will get to know your business inside and out in order to find you the policy that’s right for your budget.
We at HDF Insurance appreciate bold, enterprising spirits. That’s why we do everything we can to help small businesses thrive, from getting employees the health insurance they need to ensuring the safety of your assets. If you’re a small business owner and would like to get insurance quotes or find out more about how you can be covered, contact us today in our office in Edmonton.