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Types of small business insurance you should know

Commercial business insurance offers commercial insurance coverages that help to provide financial security against the losses that may happen due to body injuries or property damage. It helps you to overcome or withstand a major business loss. Here is a presentation that explains the types of small business insurances that we should know.

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Types of small business insurance you should know

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  1. Types of Small Business Insurance You Should Know

  2. We aim to solve any misunderstanding you have about commercial insurance coverage Brampton and help you understand the risks you face so you can protect your profits. Introduction

  3. Commercial general liability coverage protects against two common liability claims: a)bodily injury and b)property damage. 1.Commercial General Liability a) Bodily injury to a third party is a common liability claim against small business owners.  b) Property damage should be a top concern for small business owners. If you’re found legally liable for damages made to a third party’s property, you could face costly legal expenses and damage your reputation with your customers.

  4. 2. Business Interruption Insurance a)It is designed to help keep businesses going after they suffer a major loss. b) It can provide financial relief to help cover your bills, payroll and other ongoing expenses until you’re back on your feet.

  5. Product liability is particularly important for small businesses that provide a product rather than a service. Common issues resulting in product liability claims include: 3.Product Liability Insurance • Faulty products • Products that cause bodily injury to a customer • Products that cause property damage • Illness caused by food or beverages

  6. If your business doesn’t sell any products but provides a professional or creative service of some kind, you should have professional liability insurance. 4.Professional Liability Insurance

  7. This can help with repair or replacement costs when your equipment suddenly breaks down without warning due to an insured peril. 5. Equipment Breakdown Insurance

  8. It can help with the repair or replacement costs of equipment, inventory, furniture, computers and other electronics if you suffer a covered loss. Your commercial insurance coverage Brampton can even extend to things outside of the building such as signs, fencing, trees and shrubs. 6.Commercial Property Insurance

  9. THANK YOU

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