Why you would need it:
Liability Insurance may refer to a broad range of policies that are designed to protect small businesses from the most common risks they face. Here are some common types of liability insurance policies:
Cost of Liability Insurance
The cost of a liability Insurance policy will depend on many factors, such as what type of liability insurance policies you require and specifics related to your business (yearly revenue, number of employees, years of experience, etc).
Buying insurance upfront rather than in monthly instalments may drive down your premium.
Having more years of experience in your industry may get you a cheaper premium.
Which businesses need liability insurance?
According to canadabusiness.ca, all businesses, big and small are exposed to risk and should have some form of liability insurance.
Popular small businesses that need insurance:
- Retail stores
- Medical Practitioners
Liability Insurance for every business
Running a small business is a ton of hard work and also a source of pride.
Get the protection you need today!
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