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There are hundreds of creative technology companies and lots of retail and business services to support residents here in Ottawa. The Ottawa Board of Trade champions that the city of Ottawa is the best place to live, work and invest, making it a great place for budding and seasoned entrepreneurs, and a great city to start a business in.
Does my Ottawa-based business need insurance?
Regardless of where your business is based if you have a small business, it’s always a good idea to protect it. Having an insurance policy in place means you’re protected from financial losses caused by a variety of risks.
Depending on the policy you opt for and the add-ons you pick, you can be covered for more than just commercial general liability and professional liability. There’s also commercial auto insurance, product liability insurance and more.
What does general liability business insurance cover in Ottawa ?
If you have a small businesses in Ottawa, general liability, also known as commercial general liability (CGL) insurance is important for your bottom line. It protects you and your business from losses if you’re found responsible for property damage or bodily injuries to a third party caused by services your business provides or products you sell.
Do you or your staff conduct business offsite? CGL insurance may offer protection in situations outside of your business premises.
Here are examples of when you can look to your general business liability insurance for protection:
Own a moving company? Accidents can happen when you’re moving big things. If you or your employees end up damaging a wall moving a customer’s furniture into their home, you may be on the hook for the cost of the damages.
Run a retail store? One wrong step on snow-covered stairs leading into your shop can cause someone to slip and fall. If someone hurts themselves this way while entering your business, you could face a costly lawsuit.
How much does commercial general liability insurance cost in Ottawa?
The cost of commercial general liability insurance will depend on the requirements of your business as well as other factors. When a premium is calculated, factors like the location as well as the type of business you operate and the risks associated with it are taken into consideration.
If the unexpected happens, you’ll be glad to have a policy in place that can protect you, your employees and your business.
What risks does your business face in Ottawa?
Depending on the business you operate, you may not face the same risks as other small businesses. Here are a few of the risks you may want to consider for your small business in Ottawa:
Property damage
Does your business rely on equipment to make or design products? If you have specialized equipment that is costly to repair or replace, you’ll want to protect it with equipment breakdown insurance.
Does your business do deliveries? You may want commercial auto insurance to protect those who drive the delivery vehicle. Commercial auto insurance also covers business property in case your work vehicle is broken into or stolen.
Having a commercial property insurance policy in place will give you peace of mind when it comes to where you operate your business. Commercial property insurance covers risk factors such as theft, vandalism, fire and flood.
Liability risks
Cyber risks
We’re here to help! If you’re thinking about getting small business insurance in Ottawa, we have a quick and easy quote process you can do online, any time you want. The best part is that if you like the rate you see, you can buy your policy online. Start your quote here.
Where can I buy business insurance in Ottawa?
TruShield offers comprehensive business insurance quotes across Ottawa’s many neighborhoods including:
- Kanata
- Cumberland
- East Ottawa
- West Ottawa
- Nepean
- Gloucester
- Goulbourn
- Rideau
- Rockcliffe Park
- Vanier
- West Carleton
- Osgoode
- Centretown
- Lowertown
- Sandy Hill
- Old Ottawa
- The Glebe
- New Edinburgh
- Beechwood
- Westboro
- Hintonburg
- Barrhaven
- Orleans
- Monotick
- Greely
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