Skip Header Navigation


» Business Solutions
Resource Centre
  Business Tips
  Starting a Business
  Growing Your Business
  Assessing Your Goals
  Planning For Growth
  Getting Ready
  Growth Considerations
  RBC Solutions
  Expanding a Business
  Business Succession
  Industry Expertise
» Business Accounts
» Borrowing & Credit
» Investments
» Merchant Services
» Payroll Services
» Online Banking
» Branch & ATM Locator
» Commercial Financial Services
» Contact Us
» Search
Business Resources - Growing Your Business

RBC Solutions


Protecting Your Business

Protecting your growing business

The need for protection against loss will increase as your business expands. This table outlines some key areas of concern along with effective ways to protect yourself and your business from loss.

What concerns you? How to protect yourself and your business
How can I protect my business from accidents that may occur on business premises? Liability insurance protects you and your company in case of an accident on the premises, negligence on the part of an employee or a deficiency with one of your products or services.
What happens to my business if it is affected by fire or theft? Property insurance protects your premises and equipment and can provide the funds you need for replacement or repair. If you work from home, make sure your property insurance covers your business assets and activities.

When the situation involves a long-term disruption in your business activities, business continuation coverage can cover your ongoing costs, even during a business shutdown, and provide the funds you need to get your business back up and running as quickly as possible.
Mistakes happen. How can I reduce risk in case of an oversight in delivering products and services? Errors and omission insurance offers important protection against potential litigation. Even if your company is not at fault, the cost of defending a claim can threaten your business.
How can I protect my business if a key person, guarantor or owner (either myself or a partner) dies or becomes seriously ill or disabled? Business Loan Insurance Plan1:
  • Critical Illness Coverage with Life: Should an owner or key employee be diagnosed with a critical illness (heart attack, cancer or stroke), this valuable coverage provides up to $500,000 – per insured person – to help pay off outstanding loans.
  • Disability Coverage with Life: If a disability prevents an owner from working, this coverage provides up to $7,000 per month for a maximum of 24 months per claim towards loan payments.
  • Life Insurance : Should an owner or key employee pass away, life insurance provides up to $1,000,000 – per insured person – to help pay off outstanding loans.

Life insurance includes Accident Dismemberment Coverage at no additional cost. This coverage can pay up to $25,000 against the outstanding balance of an insured loan if an injured person suffers a single accidental dismemberment. This benefit can double to $50,000 in the event the insured person suffers a multiple accidental dismemberment.

What kind of insurance do I need for my fleet of delivery trucks? If a vehicle is used regularly by employees or others for making business deliveries, you need a commercial automobile insurance policy with comprehensive liability and accident coverage.

1 Business Loan Insurance Plan is underwritten by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group.

Jump To
A Single Point of Contact
Banking That’s Right For You
Protecting Your Business
RBC Resources

Take Action
  Contact Us
  Apply Online

  Take the Timesaver Assessment
  Account Selector
  Loan Calculator

Learn More
  Guidebooks for Small Business
09/28/2015 08:16:06