Insuring your hardware store? Get covered with us.
From soup to nuts. Or more precisely, from all-weather carpenters waist aprons to z-frame unfinished sliding pine barn doors. These are just two of the products that Canadians expect when they walk into your hardware store or search online. And a broad selection of hardware store products is precisely what you deliver, on your shelves and via the internet.
If finding the best insurance company in Canada for hardware stores led you here, you are on the right page.
Across the country, business insurance Canada is the sole focus of our team of insurance brokers. We have strong relationships with the best insurance companies Canada has to offer. Our brokers take great pride in finding the best value for our clients.
We only work with top insurance companies in Canada. Specifically, we work with more than 65 insurance companies. Our brokers know the marketplace.
You can stop searching through a list of insurance companies in Canada. We’ll search the marketplace and find you the best value and options in commercial insurance for your hardware store(s).
Here’s what to know about the best insurance companies in Canada
Hardware stores in Canada remain a staple of the brick-and-mortar world. We need to be able to walk into our hardware store to talk to an expert about our home improvement needs. Hardware stores Insurance in Canada is necessary because you want to continue to run your business with ease.
Is there a best insurance company in Canada for hardware stores?
It all depends. The best insurance company may not deliver precisely what your commercial business needs.
That’s why working with an experienced broker who understands your specific hardware store and the risks it faces is so important. It’s also important to understand the types of commercial insurance Canada are most typically used by hardware stores to manage risks.
In this next section, you’ll find some insights about common property and liability insurance Canada options.
ONE. Commercial general liability insurance Canada
General coverage is the foundation for managing risk. Hardware stores should be on the outlook for Commercial General Liability insurance coverage options. Also known as CGL or general liability coverage protects the hardware store owner from costs related to bodily injury or damage to others’ property.
TWO. Property commercial insurance Canada
Like any other brick and mortar store, Canadian hardware stores need Property insurance. This insurance can provide coverage for environmental damages. You may need coverage for your building, the electronic information you store, and your inventory. Property insurance is designed to cover all of these things.
THREE. Product liability insurance Canada
A hardware store owner should also include insurance for Product Liability. This coverage provides protection against liabilities for losses due to injuries caused by malfunctions or defects in your products. This includes design defects or a failure to warn consumers about the dangers of using a product.
FOUR. Fidelity aka employee dishonesty aka crime insurance
Crime insurance is also an asset to any retail store. This insurance can provide coverage for crimes committed by employees or customers. Situations such as employee theft as well as customer credit card fraud are both examples of what crime coverage is designed to respond to.
It’s important to remember that insurance is not just for times when we make mistakes. Insurance for small businesses in Canada is ultimately necessary to protect us from things we can’t control.
Insights 101 | How & why an insurance broker Canada delivers more value.
Hardware stores Insurance in Canada should be customized for each individual store. The risks that each location deals with are different even between stores with a similar inventory. There will be some insurance companies that offer coverage for risks that don’t apply to your location. For example, if you aren’t in charge of snow removal at your location, you shouldn’t pay for coverage that includes snow removal risks.
Your insurance policy also needs to account for the number of employees you have and the number of sales you make. The policy for a location that hires 150 employees should be much different than the policy for the hardware store with three employees. At ALIGNED Insurance we search through more than 65 top Canadian insurance companies to find the policy that’s right for you.
Nuts and bolts. And everything in between…
We all remember our first day at residence and our first home. Moving in and you could see all of the potential hidden under the outdated curtains. Canadian hardware stores will always be the places we go to make our house a home and to improve living.
Did you know that there are more than 500 Canadian Tires stores in Canada? In Cambridge, Ontario, a storeowner goes above and beyond with his decorations. The owner has colourful streamers spilling from paint cans hanging from the ceiling to let you know where the paint section is. Customers keep coming back because of these amazing personalized touches, along with the knowledgeable staff.
Home Hardware stores are owned by more than 1,000 hard-working Canadian small business owners. This 100% Canadian company is a great example of Canadian small business owners who know how to get the job done.
We all know the feeling of walking out of the hardware store with everything we need, excited for a new project. Most importantly, whatever the job, we know the satisfaction the customer gets from completing a home project.
The commercial insurance brokers at ALIGNED know this feeling. We take pride in finding the best products that deliver the best value and options to our clients. Get a free, fast quote and buy insurance 100% online with us!
What’s needed to get a quote?
At ALIGNED Insurance all you have to do is tell us a little about your business. You can tell us how many employees you have, your annual revenue, and other important information and we can search for the insurance policy that fit your business.
Why waste time searching through numerous companies and completing multiple quotes? With ALIGNED, you can teach us what we need to know about your store, and we’ll find the insurance package that works best. This way you can know you’re well-protected. If the unexpected happens, you need to be able to count on your coverage.