Use our Coverage Coach tool to answer a few short questions. We’ll explain what specific coverages can help keep your business safe from loss. You can also speak to an advisor over the phone or request a callback from us.
Did you know that in addition to being the home to Canada’s highest waterfall, British Columbia is also home to 508,700 small businesses with fewer than 50 employees? In fact, small businesses are responsible for 34 per cent of British Columbia’s total gross domestic product (GDP). The entrepreneurial communities in British Columbia are growing and thriving, but are they safe? Small business insurance is a critical part of safeguarding the future of any small business across Canada.
How much is business insurance in British Columbia?
The cost of protecting your small business in BC depends on a few factors, including the following:
- The industry your business is in
- Risks your business is exposed to
- Location of your business
- How much revenue your business makes
- Number of employees
- Claims history
- Tools and equipment
- Business contents
- Additional coverages you may want added to your policy, such as cyber risk insurance or commercial auto insurance
Popular cities in B.C. for small businesses:
- Maple Ridge
- Prince George
- New Westminster
- Fort St. John
Insurance for British Columbia small businesses
Do you think your business could survive a costly lawsuit? What if you experienced a fire and needed to completely re-build? Could your bank account handle the expense? Comprehensive insurance can protect your business from a variety of risks and the costs associated with them.
Want to get started protecting your small business?
What kind of insurance do you need?
Your business is unique, which means your business insurance needs will differ from other businesses. Things like revenue, business contents, where your business operates out of, and more affect which types of coverages are best for you. Here are just a few of the coverages that TruShield offers to protect B.C. based businesses like yours.
No matter where you operate your business – whether it be out of your home, out of a building you rent, or out of a commercial space you own – you need commercial property insurance. Not only does it protect the building you use, but also a range of other things including inventory, furniture, computers, outdoor signs, and landscaping like gardens. While you can’t control the unexpected, like fires, floods, and vandalism, you can make sure you have commercial property insurance to help with repair and replacement costs resulting from such events.
General liability insurance, or commercial general liability insurance (CGL for short), is meant to protect businesses when they are found legally liable for injury or property damage to a third party. So, say you own a bakery, and a customer who’s looking at the cakes you have on display slips. If they injure themselves, you could face a costly lawsuit. Or, if you own an automotive body shop and someone claims that their vehicle was damaged while in your possession, you could be faced with the resulting costs. That’s where your general liability coverage would come in handy.
If you run a business that sells any sort of product, you need to protect yourself. Whether you own a boutique that sells fashionable hats, a shop that sells trendy posters, or a café that sells delicious sandwiches, risks come with each of those sales. If one of your products is found faulty, or causes some sort of injury, your business could be held accountable. Product liability insurance can help mitigate the losses from those types of situations.
As technology evolves, hackers are becoming savvier, making it more and more difficult for small business owners to defend themselves against a data breach. That’s why cyber risk and data breach coverage is so important. The coverage can help mitigate the costs associated with a hack or data breach. That includes the costs of notifying customers that private information may have been compromised and the cost of restoring or recovering the stolen data following a breach.
Why should you choose TruShield to protect your small business in B.C.?
Getting coverage with us is quick and easy.
We’re as flexible as you need us to be.
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.
We give you more than just an insurance policy.
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.