Business Insurance Barrie
Barrie is the home of many local businesses that provide residents with entertainment, leisure, products and essential services. We know that establishing and operating a Barrie-based business is no easy feat. It takes a lot of time and resources to ensure your business provides the best services to your customers.
While you’re working hard to keep your customers safe and satisfied, we want to help you keep your business safe against potential financial loss. Comprehensive business insurance from ALIGNED mitigates some of the financial risks of operating a business in Barrie. Our specialists work closely with you to ensure you have a business insurance policy that protects you in case of liability claims, lawsuits, and damage of your physical assets.
Why Is Business Insurance In Barrie Important?
Each business has unique operating risks that could cause costly repairs, result in unsatisfied or angry customers. While unexpected events might be rare, even one accident can cause your business to go sideways:
- A customer sues for injuries sustained on your premises.
- You make mistakes that cause clients to suffer financial loss.
- A competitor sues for making false claims about their business.
- A hacker goes into your database and steals sensitive client and company information.
What Does Business Insurance In Barrie Include?
Here are inclusions that are common in a standard insurance policy:
Commercial General Liability Insurance – also called CGL insurance, covers injuries, bodily harm, and property damages occurring to a third party on your premises and while operating your business. CGL insurance also typically includes product liability coverage, which protects your business against liability and damages resulting from the products you sell or manufacture.
Commercial Property Insurance – it protects your physical assets and buildings in the event of a fire, vandalism, flood, or other natural accident beyond your control.
Commercial Auto Insurance – protects your business against liability from accidents and collisions that involve any of your company’s vehicles. It covers medical bills, legal defence fees, settlement awards, and repairs.
Cyber liability insurance – protects your business against data breaches and data recovery from cyber attacks. It also protects your business against cyber security lawsuits from clients.
Equipment Breakdown Insurance – if your equipment, building or machinery breaks down due to a specified covered peril like electrical arcing or a pressure vessel exploding, equipment breakdown insurance can cover physical damages to your physical assets.
Find The Right Commercial Insurance In Barrie From ALIGNED
ALIGNED works with Canada’s top insurance companies to provide custom insurance packages at affordable prices. Click Here To Get A Quote or contact one of our business insurance experts for information or with any questions you may have.