Business Insurance in British Columbia
Business insurance in British Columbia protects your company from costly risks like liability claims, property damage, and lost income.
Making Business Insurance Easy for You
Western Financial Group is an award-winning brokerage. Our business insurance experts will get you the right commercial insurance coverage to protect your business in British Columbia.
Our insurance experts work with top quality insurance companies
to get you the right coverage at competitive rates in just minutes.
Let us do the shopping for you.
Do you want to save time and money?
We do the business insurance shopping for you. We work with Canada’s leading insurance partners to get you the right coverage at the right value in BC.
Business insurance in British Columbia helps you protect against:
- “Slip and fall” lawsuits: A customer slips on a wet floor and sues your business for injuries.
- Theft: Someone breaks in and steals your tools, equipment, or inventory.
- Fire: A fire damages your building and destroys your business assets.
- Vandalism: Your storefront or company vehicles are damaged by vandals.
- Cyberattacks: Hackers steal customer data or lock your systems with ransomware.
- Equipment breakdown: Your essential machinery suddenly fails and halts operations.
- Defective products: A product you sold or made causes injury or property damage.
- And more so that you’re not out of pocket
Did you know? Cyberattacks are a growing threat for businesses. Cyber liability insurance protects your business.
Why cyber insurance is important for your business:
Cyber liability insurance protects businesses from financial losses related to cyberattacks, data breaches, and other cyber threats. It helps cover costs like data recovery, legal fees, notification expenses, and more. Cyberattacks are a growing threat for businesses.
You run your business. We’ll protect it with commercial insurance.
What business are you in?
Western Financial Group offers fully customizable business insurance tailored to your industry. We can build bundled packages by comparing multiple insurance vendors to find the best policies for your needs. We also offer specialized programs and partnerships across many industry sectors, including Group coverage under our “Protected Self-Insurance” (PSI) structure.
Here are 3 essential commercial insurance coverages to protect your business in BC:
- Commercial General Liability (CGL) insurance: If a customer slips and falls at your business or a customer’s property is damaged, CGL insurance helps protect you financially if you are found legally responsible for third-party injury or damage. Without commercial general liability insurance, you would be responsible for paying any liability costs out of your own pocket.
- Commercial Property insurance: It keeps your business protected from property losses, such as theft, fire, or vandalism. You can also add earthquake insurance, sewer backup or flood coverage extensions to protect your business.
- Commercial auto insurance: A small business should have commercial auto coverage as part of your insurance package. Personal car policies will not cover you or any employees.
Advantages of working with Western
- Customization: We tailor policies to fit your business’s needs at a value that suits you.
- Switch and save: When you switch your business insurance, ask about discounts to save.
- Save time: As an insurance broker, we do the insurance shopping for you. You will choose from a variety of coverage options that suit business.
- Objective advice: We recommend coverage and rates based on your business needs, and we can mix and match options from multiple providers to create the right policy for you.
Whether you're a small business or a large company in:
Vancouver, Kelowna,
Victoria, Prince
George
or anywhere across British Columbia, a Western Financial Group business insurance broker will provide you with tailored commercial coverage that perfectly protects your business.
Protect your British Columbia Business with the commercial insurance essentials: CGL, E&O, Cyber Insurance, Commercial Property Insurance, and Business Interruption coverage.
Our Commercial Insurance Products
Learn more about our TotalProtect Commercial Insurance
TotalProtect is a comprehensive insurance approach that bundles multiple coverages into one package to protect your business from major risks like liability, property damage, and income loss.
How can I get the best rates for business insurance in British Columbia?
We help British Columbia businesses get the best insurance rates by doing all the work for you, comparing multiple insurers, bundling the right coverages, and leveraging strong risk-management strategies to secure top-tier protection at the lowest possible cost.
Recognized for Excellence.
Rooted in Community.
Steps to Get the Best Business Insurance Rate in British Columbia:
- Contact us: Fill out the form or give us a call.
- We assess your needs: We'll review your requirements and compares the best rates available.
- Get best coverage & price for your business: One of our Insurance Experts will contact you with the most suitable coverage options.
Find a Western Financial Group Business Insurance Broker near you.
(Tips for Choosing an Insurance Broker)
CALL 1-866-860-1947 For a Business Quote
Our Industries
Construction & Trades
From accidents on-site and property damage to worker injuries and equipment theft, this insurance ensures your business stays covered no matter the challenge with your building project.
Hospitality
From protecting your property and employees to safeguarding against guest injuries or property damage, this insurance ensures that your business can thrive without worrying about costly disruptions.
Manufacturing
From equipment breakdowns and property damage to employee injuries and product liability, this coverage protects you against the many risks involved in production and distribution to ensure business continuity.
Professional Services & Consultants
Whether you’re a consultant, lawyer, accountant, or any other professional, this insurance shields you from costly legal battles and potential financial loss due to mistakes or misunderstandings with clients.
Retailers
Whether you operate a small boutique or a large retail chain, retail insurance gives you the confidence to focus on growing your business by protecting your store, inventory, and operations from the unexpected.
Specialty Insurance
Specialty insurance is designed to protect unique businesses and industries with specific risks that standard coverage can’t always address. No matter how specialized your business is.
What are the best liability and commercial auto insurance options to ensure your British Columbia business is fully covered with essential commercial insurance?
Commercial general liability (CGL): It’s also known as “slip and fall” liability insurance and protects you should a customer get injured at your business. It also protects you should a customer’s property get damaged.
Professional liability: It helps protect your business against claims of professional negligence or failure to perform your professional duties.
Business contents insurance: It protects your business’s assets, such as computers, furniture, and inventory, inside or on your commercial property.
Cyber liability insurance: Without cyber insurance, you will have to pay out of your pocket for the cost of restoring your system if it’s hacked and you may also be liable for damages to third parties whose information has been stolen.
Commercial property insurance: Commercial property insurance protects the building you occupy and it provides coverage for your equipment, inventory, furniture, computers, and other electronics.
Business insurance in British Columbia is shaped by the province’s wildfire and flood risks, coastal exposure, and industries like tourism, tech, construction, and transportation. That means businesses often need strong property and interruption coverage, higher liability limits, and policies tailored to risks such as natural disasters, cyber threats, and cross-border operations.
Tell us about your BC business and what kind of insurance you need to protect it. Your Western business insurance expert will make sure that you’re covered.
According to Icah Navidad, Digital Commercial Insurance Sales Expert in British Columbia - Western Financial Group
"Business interruption insurance ensures that you are put in the same position prior to the loss if a property claim were to happen and destroy your property.
This also takes the burden off of you as a business owner if you ever have to close your doors due to an insured peril because business interruption insurance will ensure key salaries and key fixed expenses are covered while you are trying to get up and running again!"
More FAQ's about Business Insurance
Icah Navidad
Digital Commercial Sales
Western Financial Group
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British Columbia Business Insurance Reviews: What Clients Say About Us
Cranbrook, British Columbia
"I came in looking for advice on business insurance and Rebecca was informative and helpful. She was excited to chat about my business plan and was able to provide me with multiple quotes for
different insurance options. She was very welcoming and personable."
Evan B.
Golden, British Columbia
"Excellent and efficient customer care from Dan at the Golden, BC branch! For all our business and personal needs, we very much appreciate the great service and advice we receive!."
White N Wild Snowmobile T.
Western Financial Group is a proud member of the Insurance Brokers Association of British
Columbia.
Do you know about our Risk Management Services?
Our risk management team collaborates with you to assess your business and identify areas for improvement.
Learn more about our Risk Management Services.
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FAQ’s
How much does business insurance cost in British Columbia?
Costs vary based on factors like size of your business, location, services offered, and any previous claims.
Many BC small businesses see costs around $500 – $1,700 per year for basic liability and property coverage.
What kind of risk does commercial general liability cover in British Columbia?
Injury to another person who is not your employee damage to someone’s property, damage to rented property, medical bills if someone is injured, legal and settlement costs of liability lawsuits filed against you.
What insurance does a small business need in British Columbia?
Commercial general liability (CGL), commercial property insurance, depending on your business you might need product liability insurance, professional liability and cyber liability
What is business interruption insurance?
Business interruption insurance helps recover lost business income and ongoing business expenses while your British Columbia small business is temporarily closed.
What is commercial property insurance?
Commercial property insurance can help cover repair or replacement costs if your British Columbia business’s property is damaged or destroyed due to a covered loss, such fire, theft, storms including wind and hail, or vandalism.
Do I need Commercial Auto Insurance if I already have personal car insurance?
Yes. Personal auto insurance usually does not cover accidents or claims that occur while using your vehicle for business. If you drive for work, deliveries, client visits, hauling equipment, etc. you need a commercial policy.
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