Whether you’re new to the Moncton business world or have been running a commercial enterprise in the area for decades, business insurance is a cost-effective way to protect yourself and your company from any number of business-related circumstances. Keep reading to learn more about these situations and how business insurance policies can be tailored to fit your needs.
Business Insurance & Insurance Brokers
There are several main types of business insurance available in Moncton, including general liability, professional liability, property, and commercial auto insurance. Each type can be offered by multiple insurance companies. Many business owners work with insurance brokers, who are independent professionals who help clients find suitable insurance policies.
Brokers can draw from various insurance providers to pick the business insurance policies that meet your specific needs. We have extensive knowledge of the insurance market and can negotiate better rates and coverage terms on behalf of our clients. Additionally, insurance brokers can provide valuable advice on risk management strategies to help businesses minimize their exposure to potential losses.
Main Types of Business Insurance
General Liability Insurance: Protects against third-party claims of bodily injury, property damage, and advertising injury; essential for businesses and industries of all sizes.
Commercial Property Insurance: Covers damage to or loss of business premises, property, or inventory due to various events including vandalism, fire, theft, and some natural disasters
Cyber Liability Insurance: Protects against losses related to data breaches and cyberattacks
Professional Liability Insurance: Covers claims of negligence or errors in professional services.
Commercial Auto Insurance: Covers company-owned vehicles and fleets.
How Business Insurance Is Tailored
To ensure that you have the right kind and amount of insurance, it is helpful to speak with an independent insurance broker, who, as mentioned above, can provide insurance options from several insurance companies and present the appropriate business insurance options to you. This saves you time, while the discussion with the broker can help you clarify and identify your insurance needs.
Choosing business insurance is not a one and done deal. It needs to be revised as your business develops, grows, and changes. An insurance broker can help with this too. Through their ongoing support and counsel, your business insurance can be regularly tailored to fit whatever direction your business takes.
Find an Insurance Broker in Moncton
From online to home-based businesses and beyond to businesses of any size, if you’re doing business in Moncton, it’s helpful to have an insurance broker who understands the local commercial landscape. They can offer the most relevant and effective insurance options right at home.
You can find this locally tailored approach to business insurance at Jones Insurance Service Ltd., where we’ve been helping Moncton businesses protect themselves for over 110 years. Contact us today to learn more about the business insurance options best suited to you from our experienced brokers.
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