As a first-time commercial insurance purchaser, you are bound to become confused with the variety of options available in front of you. Well, keep in mind every type of commercial insurance has varying features and these features tend to have various benefits. It is important to choose commercial insurance Burnaby that meets your needs and is still affordable.
You can choose from popular types like –
1- Property insurance
This type of commercial insurance Burnaby, protects the business you own, including the computers, documents, office equipment as well as the building. Property insurance also provides coverage in the event of theft, fire, natural disasters and so on.
Remember, property insurance will only cover damages if you own the company and not when you were renting it.
2- General liability insurance
This type of commercial insurance helps with the coverage of damages sustained by a third party like your customers. You will obtain protection if your business is found guilty of problems like property damage, bodily injury, libel, etc.
If you own a small business, typical general liability insurance will work just fine. However, as an established firm with added requirements, you may need additional coverage added to your commercial insurance in Burnaby.
3- Product liability insurance
If you sell products, ensure you invest in product liability insurance as soon as possible. Why? Because it can help you with coverage against the property damage or bodily harm that is caused by the defective product you sold.
Say you sell vehicles; you might require this insurance more than those selling paper goods.
4- Worker’s compensation insurance
With worker’s compensation insurance, irrespective of who has caused the injury to the injured employee, he/she can claim medical coverage and get compensated for the same.
By choosing to claim the insurance, the employee is barred from suing any person for his/her injury.
Well, these are just a few of the many types of commercial insurance in Burnaby that you can find at AMC insurance.
About the company
AMC Insurance is one of the leading insurance companies in Burnaby that deals with almost every type of insurance there ever is, thereby making them your one-stop insurance stop. The best part is that their experts are ever-ready to simplify the complex insurance process for you. They will work hard to find you the best coverage alternatives and that too, under your budget. From personal to professional insurance, you can trust AMC’s expertise in everything!