As your local St. Albert business insurance specialist, ARC Insurance knows that getting the right insurance for your business is not easy to do.
Settling for cookie-cutter business insurance policies can leave your business inadequately covered!
But finding the perfect coverage to meet your unique needs can be confusing and complicated.
To avoid the confusion of getting business insurance in St. Albert, ARC Insurance Brokers are dedicated to simplifying the process by focusing on the type of risks your business may face to ensure you have the best coverage.
We are committed to building a long-term relationship with each client in order to find the most competitive rates for your business.
Don’t leave your business unprotected!
Keep reading to learn more about the business insurance options we offer for St. Albert ventures:
Commercial Liability Insurance St. Albert
When you own your own business, one of the most important types of insurance you need is commercial liability insurance.
Commercial liability insurance keeps your St. Albert business safe from financial loss if you are found legally liable for property damage or bodily injuries caused by a service you provide or a product you sell.
For example, if a customer is entering your retail store and slips and falls on the steps, they can file a lawsuit against your business for their injuries.
A bodily injury liability assumes that there was negligence that caused the injury, such as not keeping an entryway clear during the wintertime.
However, the negligence doesn’t necessarily have to be directly caused by your business. If a customer is responsible for their own injury, they can still file a claim against you.
Commercial liability insurance for St. Albert businesses also includes property damage liability if you are found legally responsible for damages made to a third party’s property.
For instance, if you own an automotive shop and accidentally damage a customer’s vehicle or if you provide in-home services and damage a client’s property.
Many small business owners don’t think they need commercial liability insurance but any business, big or small, and even one operating in your home is at risk of liability!
Professional Liability Insurance St. Albert
Professional liability insurance protects businesses from financial claims related to the professional service provided.
For example, if you have a bookkeeping business and one of your bookkeepers makes a mistake that costs your client money, you can be held liable for this error.
Professional liability insurance for St. Albert businesses includes:
- Errors and omissions coverage
- Malpractice insurance (for healthcare professionals)
- Coverage for negligence and misconduct
- Employee discrimination lawsuits
- Coverage for failure to deliver services as promised (i.e., missed deadlines, failure to meet standards, etc.)
- Undelivered services
- Breach of contract
This type of insurance is critical for professionals such as accountants, doctors, and other professionals that contract their services to customers.
Mistakes can happen in any small business, and the cost of professional liability insurance is insignificant compared to the cost of lawyers, court, and other related expenses!
Trades and Contractor Insurance St. Albert
Trades and contractor insurance in St. Albert offers affordable protection for contractors, electricians, janitors, trucking companies, and more.
ARC Insurance offers industry-specific coverage to protect trades and contractor companies when it comes to:
- Theft and damage of tools, machinery, and equipment
- Damage to third-party property
- Employee and third-party injuries
- Coverage for project owners
- Protection against damage or loss of a building during construction
- Commercial vehicle coverage
- Business interruption coverage
- Environmental coverage
- Cargo insurance
Trades and contractor insurance in St. Albert is tailored to the unique needs of construction companies, electricians, contractors, janitors, machine shops, trucking companies, and oil, gas, and energy companies.
Commercial Property Insurance St. Albert
Commercial property insurance is a comprehensive policy that provides financial coverage for loss or damage to your commercial property.
This includes its physical contents due to an external disaster, such as theft, vandalism or fire.
Commercial property insurance in St. Albert is crucial if you own or lease a commercial building, equipment, or inventory in order to protect your business’s assets.
Examples of businesses that should have commercial property insurance include retail businesses and professional services.
At ARC Insurance, we can tailor commercial property insurance for St. Albert businesses such as retail services, restaurants, and more.
Unexpected loss can happen to any business without warning! The right commercial property policy can help your business get back on track quickly and with as little downtime as possible.
Commercial property insurance comes with many benefits, including repair costs, replacement costs, coverage for unexpected losses, and business interruption coverage.
For example, there is a fire in your office building that damages your furniture and computer equipment. Having the right coverage for your office ensures that your insured contents are replaced.
The same goes for businesses such as restaurants that need specialized coverage to handle industry-specific risks.
Small Business Insurance St. Albert
Small business insurance protects St. Albert business owners from losses due to unforeseen events and includes a wide variety of policies that can be tailored to your individual needs.
This includes coverage such as general liability and commercial property insurance but can also involve:
- Errors and Omissions Insurance
- Product Liability Insurance
- Commercial Auto Insurance
- Cyber Liability Insurance
- Business Interruption Insurance
- Directors and Officers Insurance
Even if your small business is still in the startup phase, the right insurance coverage can ensure that your investment of time and money is protected from losses and unexpected business interruptions.
Growing a small business involves both opportunity and risk, and small business insurance for St. Albert businesses protects businesses from financial risk.
Independent Insurance Brokers – We Work For You!
ARC Insurance is a full-service, independent business insurance brokerage located in St. Albert that provides local businesses with tailored insurance solutions.
From liability protection to property coverage, we offer a wide range of business insurance products.
If you’re looking for top-notch coverage to meet your unique needs and budget, get in touch with us today for more information.
We look forward to serving our St. Albert clients!