All businesses are required to have a commercial general liability policy. Commonly referred to as CGL, commercial general liability protects against claims for property damage and injury.

You can further insure yourself for coverages for equipment, stock or inventory. You can get protection against crime and employee theft. In the case of a downturn in your company’s fortunes, you can get coverage for income loss. We have coverage to look after your machinery and boiler.

Speak to a Surex Advisor about the different types of liability coverage policies and choose the one that is right for you and your business.

Every business owner should speak with a broker to see if errors and omissions insurance would be beneficial to their line of work. This protects against frivolous or malicious claims. It covers protection for work you have done, in the event a client takes legal action against you. If your business or profession gives professional advice, such as an advertising agency, a consulting firm, a doctor or advisor, you might be vulnerable to actions against you if your service or recommendation falls short of what was required.

An insurance premium is an amount one pays per month (or agreed upon term) for a business insurance policy. An insurance deductible is the amount of money the insured party is required to pay - out of pocket - before their insurance company will step in and cover damages. The amount on your policy can vary. A higher deductible usually means a lower premium (per month cost for your commercial insurance policy). It is essential to make sure you can reasonably afford your business insurance deductible. In the case of a claim, if you cannot pay your deductible, your insurance company will not be able to help with your overall costs.

Most small businesses need it. Anyone owning a business that covers: Buildings, fixtures, equipment. Exploring commercial insurance plans best suited for your business will help you get the coverage you need to run your small business. Insurance will cover your employees if they become ill or injured working on the job, any property you own as well as vehicles you use to drive to work. 

The median cost of General Liability Insurance (Commercial General Liability or CGL) ranges from $425 to $921, and the annual average cost ranges from $483 to $2,758. Business insurance should cost anywhere from $741 a month with a median price of $428 per month. The prices of business insurance can add up quickly as premiums are high to be able to cover risks.

You want to get the best coverage for you! Owners of small, medium and large businesses are exposed to a large variety of risks and need to aim to get the most comprehensive protection possible. Getting the right insurance for your needs involves shopping with different providers. Why not get an expert to help do the shopping for you? At Surex, we’re with you every step of the way. 

Finally, here are some tips for choosing the best business insurance rates:

• Review your business risks: Write out a list of possible liabilities or losses including property, vehicles, and vita equipment for your business. 

• Separate all things personal from commercial: Note that your personal policy won’t cover you if damages are caused by commercial activity.

• Check with your premiums: Explorer different strategies that can be used to lower your premium. 

• Speak with a licensed insurance advisor: They have experience in selecting the right policy for small businesses like yours. 

• Keep things running smoothly

• Protect property

• Ward off cybercrime

• Cover the cost of court

• Worker’s Comp

• Commercial Auto

Yes. Any business should have a commercial insurance policy to match their needs. Regardless of the type of home-based business you have, you should have a policy to meet your needs. 

No. If you’re running a home-based business in Canada, you will need a business insurance policy to accommodate your renter's insurance policy.

You can request a quote online or call into our toll-free number, 1.855.242.6612 and be directed to a Surex Licensed Insurance Advisor who will be able to help you.

No business is too small. We provide cheap insurance for home based businesses such as photography, independent consulting, individual contractors and beauty consultants. We can insure online businesses that distribute inventory from a basement, garage or storage unit. If you have a business, we can provide the insurance for it.