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 the business against revenue loss when a key person dies?
Business Loan Insurance Plan1 – Life Insurance coverage pays the outstanding balance owing on the insured portion of a business loan if you or an insured key person should pass away.
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.
