Professional Liability (Errors & Omissions) Insurance
If your business provides professional services or advice, you may be at risk of legal action resulting from errors or omissions, and this policy can cover related legal fees and awards or settlements.
Commercial Auto Insurance
This coverage protects vehicles used by your business for commercial purposes, like transporting goods, equipment, employees, or clients.
Commercial Property Insurance
Property owned by your business, like offices or storage units, is covered against common risks by commercial property insurance.
Cyber attacks are a serious threat to your business and the privacy of your clients. With cyber insurance, you are covered against incurring losses as a result of cyber attacks or data breaches.
Product Liability Insurance
In case any products manufactured or sold by your business are the subject of a liability claim, this coverage will handle your legal fees.
Commercial General Liability Insurance
This necessary coverage handles the costs of liability claims arising from property damage or injuries to a third party as a result of your business operations.
Insurance premiums in Lloydminster vary depending on several factors, including the type of insurance, your coverage requirements, your personal or business profile, and your claims history. It’s advisable to compare quotes from multiple insurance providers to find the most affordable option that meets your needs.
Bundling insurance policies, such as home and auto insurance, can offer several advantages. Managing multiple policies through a single provider simplifies the process and eliminates the need to deal with different brokers or insurers. Additionally, insurance providers often offer discounts when you bundle multiple policies, reducing your overall insurance costs.
Auto insurance coverage is mandatory in Lloydminster as well as across Canada. While other coverages, like home insurance and business insurance, are not mandatory, they are necessary and sometimes required by landlords, lenders, or potential business partners.