Own a Small Business in Oshawa? Why Having Insurance Is Essential

Understand Small Business Insurance and Safeguard Your Company Against Risk

Small business owners pour their heart and soul into their companies. From early start-up days to building a loyal customer base and providing great service, local businesses create the culture of small towns and cities across Canada.

It is important to protect your small business from unexpected damage, theft, loss, or lawsuits. The best way to keep your business property and investments safe is to have a comprehensive insurance plan. Not sure what to look for? The insurance brokers at Petley-Hare offer honest, friendly, and personalized insurance advice and policies to suit your needs. No matter what stage your small business is at, we can provide the right insurance policy for your budget and concerns.

Why Do You Need Business Insurance?

From the investment you’ve made to the income it generates for your family, it is necessary to keep your business safe from unexpected events, accidents and risks. Business insurance can provide you with this safety net and peace of mind.

Here are a few reasons why small business insurance is crucial:

• Owners, Partners and Key Employees – Behind every successful small business are successful people! The right insurance coverage will ensure your business is protected no matter what happens to the people who make it run each day. Disability insurance will protect your company in the event that you are unable to work. Partnership insurance is an important consideration should the unexpected come to pass for you or your business partner. Key person insurance will keep your operation safe even if your all-star employee is lost.
• Liability – All your hard work, creativity, time and money will be forgotten if a lawsuit or theft comes up against your company. The legal proceedings and losses can leave your business in a mess and force you to close your doors (or shut down your online operations). No matter how unlikely or unexpected, all businesses have a potential to face risk. Liability insurance takes care of the legal responsibilities of your company. Property damage or personal injuries on your property will be accounted for in your policy and help protect your business.
• Property – The physical workplace and assets of the company will be protected under this aspect of your small business insurance policy terms.
• Business Interruption – If some challenging circumstances inhibit the operation of your business, such as a fire or other unexpected accident, a carefully designed insurance policy will have you covered.

Of course, it goes without saying that every policy is different and the specific coverage terms of your policy will determine what is covered and what is not.

Need small business insurance advice tailored to your industry, property, and unique business model? Petley-Hare is here to discuss your requirements and customize a small business insurance policy. Our staff has experience with a range of small local businesses in Oshawa and Durham and we love working alongside entrepreneurs to help protect their hard work. From business insurance to home and auto policies, we can work towards complete protection and give you peace of mind. Reach our team of Durham insurance brokers to learn more and get your business the proper coverage at a price that works for you.

To discuss the finer details of business insurance brokerage services at Petley-Hare Limited, call us at 1-647-557-6653.