How To | Find Calgary commercial insurance brokers
Positive change is taking root in Calgary, Alberta. A hallmark of positive change is often first spotted in the business sector. Emerging new businesses in various industries are featured in the ‘Calgary: A Road Ahead’ 5-part news series by CBC Calgary.
Specifically, “in the past couple of years, Calgary has seen many successful new startups. Some in the energy sector, where new businesses have developed or adopted technology to improve exploration and production. Others have made strides in renewable energy, high tech and genetics research.”1
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Every city undergoes economic change and, in recent years, changes to the Calgary economy have made national headlines. With the local economy showing signs of positive change, more and more people are searching online for “commercial insurance brokers Calgary”.
Trends driving the Calgary commercial marketplace and economic growth
The ‘Calgary: A Road Ahead’ series by CBC Calgary finds that, “all told, roughly 410,000 Albertans are now self-employed. That’s an increase of 43,000 from a year and a half ago. The number of people working as employees, meanwhile, grew by just 7,000 over that same period. The type of work being done is varied. The biggest sector is construction, accounting for about 78,000 of the self-employed Albertans, at last count.”2
Related Matters: CBC.ca “Albertans turn increasingly to self-employment”
The CBC Calgary article explains, “another 66,000 [people] work in professional, scientific, and technical services. This includes accountants, lawyers, architects, engineers, and people who work in advertising and public relations. The remaining 265,000 or so are spread across a wide range of industries, but some of the biggest are agriculture, health services, wholesale and retail trade, and a broad category that includes finance, insurance, and real estate.”3
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Self-employment opportunities are taking root in Calgary as well as many other cities across Canada. This post can help self-employed entrepreneurs and businesses of all sizes find the best commercial insurance brokers and options in Calgary.
Commercial insurance brokers | Find better coverage options in Calgary
Do you operate a commercial business in Calgary? Are you about to launch a Calgary startup? Does your sole proprietorship in Calgary need to find commercial insurance brokers? We can help you get started.
Our team of experienced small business insurance brokers know what types of commercial insurance products are most important for small business. ALIGNED brokers also understand common types of insurance that are most needed by small businesses.
Related Matters: Alberta’s economic growth to leap from last place in 2019 to country-leading in 2020: Conference Board
If you are looking for a commercial insurance broker in Calgary, we can help. Simply contact us to get ALIGNED with commercial insurance options that will be a custom fit for your specific needs. Here are just a few coverages that are of particular interest to self-employed business owners, sole-proprietors as well as small business entrepreneurs:
- Auto Insurance – Small Business
- Credit Insurance – Small Business
- Cyber Liability Insurance – Small Business
- D&O aka Directors and Officers Insurance – Small Business
- Employee Theft Insurance – Small Business
- EPL aka Employment Practices Liability Insurance – Small Business
- GL aka General Liability Insurance – Small Business
- Property Insurance – Small Business
- Umbrella Liability Insurance– Small Business
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Whether you are located in Calgary, Edmonton, Alberta or elsewhere in Canada, there are many things to carefully consider when you are launching, growing or establishing your commercial business operations.
Good to know. Commercial insurance products for Calgary businesses.
As you grow or expand your business roots, it is vitally important to ensure that you’ve got more than just the basics covered. When you are talking to a commercial insurance broker in Calgary, here are six foundational products that you should learn more about.
- Directors & Officers (D&O) Insurance
- Errors & Omissions (E&O) Insurance
- Commercial General Liability (CGL) Insurance
- Cyber Liability & Privacy Insurance
- Property Insurance
- Umbrella Liability Insurance
Click on any of the links above to learn more about the commercial insurance coverages that are most popular for Canadian businesses. When you want to find commercial insurance for your Calgary business, our experienced insurance brokers can help access the best available products. We can also help you understand what services may best help your business manage its risk exposures.
We get Calgary businesses aligned with many types of commercial insurance coverages. Here are some additional commercial insurance products that may be a good fit for your business in Calgary.
- Cyber Liability & Privacy Insurance
- Commercial Auto Insurance
- Employment Practices Liability (EPL) Insurance
- Office Insurance
- Protection & Indemnity (P&I) Insurance
- Real Estate Insurance
- Retail Insurance
Want online commercial insurance in Calgary? Check out ALIGNED Insurance Online Products
When time is of the essence, online commercial insurance products are often a smart option. ALIGNED Insurance is well-known across Canada for delivering simple, easy and straight-forward online commercial insurance products and services.
Popular online commercial insurance products that you can get with us right now include:
You can also get professional, specialty and industry-specific insurance quote online now. For Calgary professionals who work in a variety of industries, online commercial insurance can be a very time-efficient option. Here are some more online coverages you can get aligned with now:
- Architects, Surveyors & Engineers Professional Liability For Building Design Professionals
- Health & Fitness Facility
- Health, Wellness & Fitness Liability
- Hole In One Coverage
- Retail Stores / Retail Outlet / Retailing
We understand the needs of Calgary business are changing. We know that when your marketplace is changing as well as evolving, making a living and building a business are often intertwined.
Find commercial insurance brokers for your Calgary business
Like many other Canadian small businesses, ALIGNED Insurance began as an entrepreneurial dream. From Victoria, BC to St. John’s, Newfoundland and Labrador we know what it takes to build, grow and succeed in Canada. If you want to find commercial insurance for any size of business in Calgary, contact us to get more options and value.
Commercial insurance brokers | Get ALIGNED in Calgary, Vancouver, Cambridge, Toronto & beyond
Every day, we take pride in aligning the best commercial insurance products and services to meet the specific needs of a particular business. Our team knows that the most important thing we do is actively support Canadian business. It doesn’t matter where your commercial business is located in Canada. We consistently deliver a different and better insurance experience for all of the Canadian businesses we support.
Why do I need a Commercial Insurance Broker in Calgary?
The Calgary business sector is a growing and rapidly-changing environment. If you are a prospective, new or existing business owner in Calgary, you are poised to take advantage of a dynamic area for your goods and services. You are also facing greater competition than ever before in your home market.
The right Commercial Insurance Broker can help by understanding your business and developing the right insurance package to suit your specific needs. You don’t want to pay for coverage you don’t need, and similarly, you don’t want to be caught without coverage you weren’t aware you required. A professional and experienced Commercial Insurance Broker in Calgary can assist you by pinpointing the coverage that is most needed by your small business.
What are the benefits of working with a Commercial Insurance Broker?
It’s vital that a commercial insurance broker is well versed in the Canadian insurance landscape and makes the time to understand a business’ individual characteristics to find the correct coverage to meet your unique requirements. This means understanding the potential risks your small business could face and planning to meet these risks with essential insurance coverage.
There is no one who is busier than a small business owner – allow your ALIGNED insurance specialist to ensure you have more than the basics covered when it comes to your insurance package. Get your professional, industry-specific insurance quote today.
What is a commercial insurance broker?
A commercial insurance broker is a specialist who supports business owners in finding the best commercial insurance products to suit their needs. You need a professional who knows the industry, your business, and the city you operate in, to find you the best possible fit for insurance coverage for your small business.
A commercial insurance broker understands the risks facing small businesses, from the most common coverage that all businesses should have to the specialized coverage your business shouldn’t operate without. Your commercial broker should understand the business environment you’re operating in and take the time to gain a detailed view of your particular business before providing quotes for your operation.
How much is business insurance in Alberta?
Insurance companies use many factors to determine business insurance rates for each organization. Typically, high-risk customers pay more each month for business insurance than low-risk customers. Here are some factors that influence business insurance rates:
- The size of your company
- Projected and annual revenue
- Number of employees
- Insurance claims history
- Business location
- Types of insurance you purchase
- Insurance limits and deductibles
- Value of your commercial property and equipment
These factors determine how much risk you pose as a customer and how much compensation you can get if you file a claim. Large businesses with high property and equipment value and huge amounts of inventory typically pay more for insurance. Businesses with a long claims history and lower deductibles also pay more for insurance.
How much does insurance cost to run a business in Calgary?
It mostly depends on the coverage limit you choose and the value of your commercial property. Typically, higher insurance limits and lower deductibles mean you pay more for property insurance each month. Commercial properties with higher values are also more expensive to insure, because damages will cost more for the insurance company to repair or compensate.
For a small business, you can expect to pay around $300 each year for a basic general liability insurance policy. If you have higher coverage limits or a more comprehensive plan, you’ll have to pay more for annual premiums. Larger companies will have to pay more annual premiums because they can suffer more loss and are riskier customers for the insurance company.
What kind of insurance do I need for my business in Calgary?
It depends on the type of business you have. Most commercial policies include general liability insurance and product liability insurance. Other policies typically include commercial auto insurance, property insurance, equipment breakdown insurance, and professional liability insurance.
Each type of insurance protects your business against specific risks you might encounter during operations. It helps you mitigate financial loss in the event of a third-party claim or insured peril. You can include different insurance and coverage limits to your policy.
Is business insurance mandatory in Calgary?
No, business insurance isn’t mandatory. However, we always recommend a comprehensive commercial insurance policy to help mitigate financial loss.
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If you are ready to work with an insurance team that is 100% dedicated to business insurance, it’s time to get aligned. We invite you to talk to our commercial insurance brokers Calgary today.
Want to discuss your business insurance needs with an ALIGNED Insurance broker? Call us toll-free at 1-866-287-0448 or contact us via email email@example.com
Source(s): 1CBC.ca “How Calgary’s maverick mythology, as mask and reality can influence the roads ahead”;
2,3CBC.ca “Albertans turn increasingly to self-employment”;
Alberta’s economic growth to leap from last place in 2019 to country-leading in 2020: Conference Board;
Financial Post: “Turns out, there’s more to Alberta’s economic story than pipelines