Business Insurance Niagara
When you have a business in Niagara, it’s important to ensure you protect it against third-party liability claims, lawsuits, and damages from increasingly more frequent extreme weather events. Niagara is the home of many attractions and your business may attract a lot of foot traffic each day from locals and tourists. While you’re busy keeping your customers satisfied, unexpected events could cause financial loss to you or your customers, and you might have to face an expensive lawsuit.
Comprehensive business insurance from ALIGNED helps you mitigate the financial risks of operating a business by protecting you against these claims. Our specialists work closely with you to find an insurance policy that matches your commercial risks and budget.
Why Is Business Insurance in Niagara Important?
Each business has unique operating risks that could cause costly repairs or unsatisfied 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 and slanderous claims about their business.
- A hacker goes into your database and steals sensitive client and company information, then blocks you from accessing your data unless a ransom is paid.
What Types Of Business Insurance Should Businesses In The Niagara Region Consider?
Here are the most popular and common types of policies various businesses purchase:
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 commercial buildings in the event of a fire, vandalism, flood, or other natural disaster beyond your control.
Commercial Auto Insurance – protects your business against liability from accidents and collisions that involve any of your company’s vehicles. It also covers medical bills, legal fees, settlement awards, and repairs or replacement of your vehicle if damages in an accident.
Cyber liability insurance – protects your business against data breaches and expenses associated with data recovery from cyber attacks. It also protects your business against cyber security and data/privacy breach lawsuits from clients.
Equipment Breakdown Insurance – if your equipment or machinery breaks down or is damaged due to specific perils like a pressure vessel exploding, electrical arcing etc., equipment breakdown insurance can cover physical damages to your equipment, building and/or other physical assets including replacement parts.
Professional Liability Insurance – also known as errors & omissions insurance, covers situations where you make mistakes that result in financial loss or other damages to the customer.
Find The Right Business Insurance In Niagara 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.
