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Business Insurance in Waterloo, Ontario

Business Insurance

Why Your Waterloo Business Needs Business Insurance

What is business insurance?

Business insurance is designed to protect your Waterloo business. You’ll also hear business insurance called commercial insurance, or commercial business insurance.

Business insurance is customized for businesses of all sizes and in all industries to protect their owners and their operations. You can choose a selection of policy options and coverage limits that suit your Waterloo business.

What does business insurance cover: It covers a wide number of incidents, mishaps, and accidents, including fire, theft, vandalism, customer/supplier injury or property damage.

What are the benefits of business insurance?

You are protecting your Waterloo business with insurance. You are showing your clients that you are a professional who takes your business seriously. It gives you peace of mind.  

How you can save on your Waterloo business insurance:

  • Increase your deductible
  • Remain claims free
  • Ask about any discounts that could apply to your business
  • Ask if a discount for bundling your car and home insurance with your business insurance would apply

 

How much is business insurance in Waterloo?

How much business insurance costs in Waterloo depends on:

  • The size of your business
  • Number of employees
  • What industry it’s in
  • It’s location
  • Any past claims
  • The coverages you choose
  • The deductibles you choose
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Looking for Business Insurance in Waterloo?

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General Liability Insurance

 

We offer business insurance solutions to protect your business from unexpected events and liabilities. Our policies are designed to provide comprehensive coverage for a variety of industries and business sizes, ensuring that you have the protection you need to thrive. Whether you are a small business owner or a large corporation, our experienced insurance experts can help you find the right insurance package to suit your needs. With our business insurance, you can focus on running your business with confidence, knowing that you are protected against potential risks and uncertainties.

General liability insurance is essential for business owners. It helps protect your business should it be sued for third-party injury or third-party property damage claims. You will also hear general liability insurance called commercial liability insurance (CGL).

Commercial Property Insurance

Whether you own, rent, or lease the space where you run your business, you need to protect it with commercial property insurance from unfortunate events like fire, vandalism, and theft.

Commercial property insurance protects the building and also provides coverage for your equipment, inventory, furniture, computers, and other electronics. You might also hear it called business property insurance.

If you suffer a loss, Western’s Commercial Property Insurance will help take care of your repair and recovery costs to ensure that your business gets back up and running.

Commercial Auto Insurance

 

Commercial car insurance is essential for your business because it protects your company’s assets if you are in an accident. It protects trucks, cars, buses, trailers, vans, construction vehicles and any other vehicle you use for your small business. It also protects your business from liability.

Your rates will be based on factors like the type and number of your vehicles, how old they are, how many drivers need coverage, how far they drive, the type of cargo they transport, where they park, and your claims and credit history. If your business has more than 5 vehicles, you need fleet insurance.

When buying a company car, you should consider insurance costs. Used cars will cost less to insure and passenger vehicles and light trucks cost less to insure than commercial trucks. If you need a trailer, choose one that is not unnecessarily large. Service vehicles cost less to insure than ones used to deliver goods.

Errors & Ommisions Insurance

Errors and Omissions (E&O) insurance, also known as Professional Liability insurance, is a type of coverage that helps protect professionals against claims of inadequate work or negligent actions. It's particularly important for professionals who provide services or advice, such as consultants, lawyers, and insurance agents.
E&O insurance typically covers legal fees and settlements that may arise from claims of errors, negligence, or failure to deliver promised services. This coverage can be crucial for professionals whose clients rely on their expertise and advice.

Did you know that cyber attacks are among the fastest growing claims for businesses?

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Make sure your Waterloo business is covered with the insurance essentials

Commercial General Liability (CGL): It’s also known as “slip and fall” insurance and protects you should a customer get injured at your business. CGL insurance typically helps cover medical fees, legal expenses, and settlements regardless of the outcome of a lawsuit by a customer against you. It also protects you should a customer’s property get damaged.

Professional Liability: It’s also called Errors and Omissions (E&O) insurance. It helps protect your Waterloo business against claims of professional negligence or failure to perform your professional duties.

Business Contents Insurance: It protects your business’s assets inside or on your commercial property. It covers the cost of repairing or replacing your computers, office furniture and equipment, and inventory or merchandise.

Cyber Liability Insurance: If your Waterloo business collects customer data or processes payments, you are a target for cybercriminals. Without cyber insurance, you will have to pay out of your pocket for the cost of restoring your system and you may also be liable for damages to third parties whose information has been stolen.

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Home and Car Insurance

Don't forget to bundle and save!  

Switching is Easy! Did you know that switching your car insurance is easy and helps you save? When you switch your car insurance to Western Financial Group you can save up to 30%.

Setting the Standard in Insurance Broker Service

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Whatever your business, we’ll find the right protection for you. We work with many types of businesses including:

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Tell us about your Waterloo business and your commercial insurance needs. Your Western business insurance expert will make sure that you’re covered.

At Western Financial Group, we know how important your Waterloo business is to you. We can cover a wide range of business across many industries. No matter the size of your business, we’ve got you covered with commercial insurance.

Contact us and see how you can save on business insurance in Waterloo.

Waterloo has a diverse business community. The city is home to the tech, auto and manufacturing industries as well as many businesses run by entrepreneurs. You need the right business insurance to protect what you’ve built.  

At Western Financial Group, we’ll get you customized commercial insurance that grows with your Waterloo business. You’ll feel confident that your business insurance is working for you so that you can focus on what you do best.

Waterloo is one of Canada’s fastest growing cities and it’s located in the Toronto-Waterloo Region Innovation Corridor, the largest tech cluster in North America outside Silicon Valley. Waterloo has easy access to Highway 401, stellar education producing engineering and computer science talent, cost advantages, and a diversified business community.

Waterloo is also a leader in artificial intelligence (AI), cybersecurity, robotics and automation, food and beverage, aerospace, and health innovation.

Small businesses also create a positive impact on Waterloo.

At Western, we can meet your diverse business insurance needs in Waterloo.

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Western Financial Group is a proud member of the Insurance Brokers Association of Ontario. 

Western Financial Group also serves these other Ontario locations: 

Car Insurance

Home Insurance

Business Insurance

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