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Why Choose Insurance Genie?
Customized Solutions
Insurance Genie works with you to ensure you have the right coverage so you don't have to worry about paying for insurance you don't need..
Simplified Claims
If an insurance claim needs to be made, the team at Insurance Genie ensures that the process is simple, and are dedicated to effective communication.
Unparalleled Service
If you have any questions regarding your insurance policy, if you would like to make changes, or need t file a claim, our team is here for you.
Types of Business Insurance Policies in Canada We Provide
As a Canadian Business Owner, insurance is typically mandatory. We are here to help you ensure that your insurance obligations are not only met, but also ensure your business is adequately protected.
General Liability Insurance
General Liability Insurance offers a uniform layer of protection. It covers the costs of legal defense, settlements, and judgments awarded by courts, up to the policy limits.
Business Property Insurance
This protects a company's physical assets from a wide range of risks, including fire, theft, vandalism, and certain natural disasters. It covers the physical structure of the business premises, as well as its contents, which may include furniture, equipment, inventory, and other valuable property.
Liability Insurance
There are a variety of policies that can be purchased depending on your business needs. These include professional liability, product liability and general liability.
In addition to the above policies, Insurance Genie can offer more specific and customized policies tailored to your business.
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Frequently Asked Questions
How Much Does Small Business Insurance Cost in Canada?
The cost of business insurance in Canada varies depending on your location and the requirements of the property manager of the space your leasing.
Each property manager will have share the minimum requirements for policies such as limited liability and property insurance.
Where to Get Low-Cost Business Insurance in Canada?
In order to obtain the most affordable business insurance in Canada, the best option is to work with an Insurance Broker like Insurance Genie.
By using a brokerage service, they will assess your business insurance needs and find the right policy for you at the most affordable rate.
Is Business Insurance Mandatory in Canada?
If you are leasing a space for your business, then business insurance is likely mandatory. The person or company that you are leasing your space from will provide you with their minimum requirements for your policy.
If you are a home-based business, it is still recommended that you hold a certain level of liability insurance depending on your business type. This will protect you and your business.
Is it Illegal to Run Your Business Without Insurance?
If you have a home-based business, it isn't illegal to NOT have insurance. However, operating a business without any kind of protection can bring consequences.
For example: If you hold inventory at your home, it may not be covered under content insurance in the event of a fire.
If a client or customer brings a legal action against you, there will be no protection from any legal fees or repercussions resulting from that legal action.
What Does Business Insurance in Canada Give You?
Canadian Business Insurance provides you and your business protection from unexpected events that may occur. Liability insurance will help protect you from any legal actions that may occur, where property insurance helps protect you from theft, vandalism and other damage done to your premises.
The policies contained your Business Insurance package will require a deductible amount payable whe making a claim. The amount of that deductible will depend on the policy and what it covers.
