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Alberta’s list of accomplishments includes: inventing the phrase “trick-or-treat”, creating the Bloody Caesar, and opening the world’s first Boston Pizza. But that’s not where it ends! On top of being home to North America’s largest shopping mall, Alberta is also home to over 165,000 small businesses. Small businesses in Alberta accomplish a lot. In fact, these small businesses generate 32% of the provinces gross domestic product (GDP).
Seeing your small business growing and thriving is always a great feeling. Dealing with unexpected setbacks is not so great. Could you re-build your business from the ground up after experiencing a fire? What about handling a costly product recall? Comprehensive business insurance can help you handle stressful situations like these.
Every small business has individual traits and sets of challenges, which mean each one requires a unique set of insurance coverages. Things like your business’ revenue, contents, and location all help determine the type of coverages your business needs. If you’d like to learn more about what kind of coverage your business may need, answer a few online questions to find out now. Here are a few of the coverages that TruShield offers to help keep your Alberta-based business safe.
General liability, also known as commercial general liability or CGL insurance, is the backbone of every small business insurance policy. General liability insurance is designed to protect your business if it’s found legally liable for injury or property damage to a third party. For example, if you own a retail store, and someone slips walking up the steps to the door and hurts themselves, you could face a costly lawsuit. Or, if you’re a contractor, and you damage a customer’s kitchen while installing a set of new cabinets, you could be on the hook for any resulting costs. These are instances where you would look to your general liability coverage for protection.
Want to learn more about general liability insurance?
No matter where you operate your business out of, you should consider having a commercial property insurance policy to protect it. It’s important that the building itself and everything inside, including electronics, furniture, and inventory, are insured if you suffer a loss. Outdoor aspects on your property need protection as well, including signs, fences, and greenery. While small business owners can do a great deal to mitigate their risks, sometimes things are out of your control, including fires, floods and vandalism. Commercial property insurance can help with repair or replacement costs resulting from such events, and help you get back to business quickly.
Want to learn more about commercial property insurance?
Does your business use equipment for its daily operations? Whether you use tools of the trade for landscaping or an electrical oven to bake delicious cupcakes, your equipment is often the cornerstone of your business operations. It’s important to ensure that your equipment is protected from external damages and risks. Equipment breakdown insurance can help you cover repair or replacement costs when your equipment gets damaged. This will help you get your business operations up and running right away without a hitch.
Want to learn more about protecting your equipment?
Do you use a vehicle for your daily business operations? If you have a separate work vehicle or you use your own personal car for business purposes, you need a commercial auto insurance policy to protect you and your business. Many small business owners think they’re protected under their personal auto insurance policy, but this is often not the case. For example, if you deliver homemade desserts to your customers, your personal auto insurer may not cover the damages if you get into an accident, as you’re using your car for business purposes. Whether you drive from site to site with contracting equipment, deliver personalized bouquets, or train new drivers, commercial auto insurance is an essential asset for protecting your business and your bottom line.
Want to learn if you need commercial auto insurance?
Dealing with a disaster at 3 a.m.? We can help with that. TruShield offers 24/7 claims service to ensure we’re there for you when you need us most. We make settling claims fast, simple, and stress-free.
Is your business growing? That’s awesome, but so should your coverage. If you need to update your coverage at any point during your term, just give us a call and we’ll walk you through the process. Unsure when you should update your policy? We can help with that too. You can also cancel your policy at any point with no early termination fees.
How would you like to pay? If you’d prefer to pay for your policy all at once, that’s great. If you’d prefer to pay in installments, we can do that too! We also offer 0% interest and we’ll even accept payment by credit card.
Risk Management Assist: Every TruShield customer has unlimited telephone access to our team of Risk Services specialists who can help guide you through any questions or concerns you may have about the risks your business faces, and how you might help prevent losses.
Trauma Assist: Suffering a loss to the business you’ve worked so hard to build is not an easy experience. Our Trauma Assist service is designed to help owners and employees cope with the emotional effects of a covered loss.
Legal assist: Legal situations can be complicated and difficult to understand—we’re here to help with that. TruShield customers have unlimited telephone access to general legal advice to discuss legal matters related to your business.
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