FAQs about Business Insurance
Get commercial insurance that’s tailored to your business. Western Financial Group can help you save up to 10% on your business insurance. Ask us about bundling your business coverages.
Icah Navidad is an eCommerce Business Insurance Leader for Western Financial Group. Icah is based in Winnipeg and she’s an expert in helping Canadian businesses get the customized commercial insurance they need at a competitive price.
Icah answers our top questions about business insurance.
As a Canadian small business owner, what are the advantages of using Western Financial Group – a top Canadian insurance broker – for commercial insurance?
Western can tailor business policies and solutions that exactly fit your needs as a small business.
- We provide quick and easy service; you can talk to a professional the same day you inquire about insurance (Monday-Friday).
- Western gives you expert advice and thorough explanations of business product lines and what is trending in the market for business insurance coverage.
- We take the time to answer your questions about the business insurance coverage you need.
How can business owners save on their insurance with Western? Can they get business insurance bundles to save?
Western is able to offer Property, Liability, Cyber, Employee Benefits, Business Interruption, (and more) in a bundle that is tailored specifically for small businesses, which are the best in the market.
We can bundle Commercial auto, Commercial general liability, and Garage liability coverages for contractors.
What package of insurance coverages does Western generally recommend for a business owner?
For business owners, Western typically recommends Property, Liability and Cyber coverages for retail businesses.
We recommend Professional Liability and Commercial General Liability including Cyber, Legal expenses and Directors and Officers coverages for professionals.
How important is liability insurance for a small business?
It is probably one of the most important coverages for small businesses. Liability insurance protects your business from potential financial harm if a third-party (customer/supplier) gets injured at your business or their property gets damaged your business and they decide to sue you. This ensures that businesses owners are not paying for their own legal expenses and/or paying for damages caused to a third party.
What deductible limits does a Western business insurance expert generally recommend for a small business owner – higher deductibles or lower deductibles – how do you make that evaluation?
$1,000 is a safe deductible as it is enough to cover as a small business owner but not so much that it discourages them from making a claim.
Does Western recommend cyber insurance for businesses?
Western recommends it to every single business insurance query that comes across our desk. We have seen that majority of claims for small-medium sized businesses are actually from cyber claims! They are the most vulnerable and thus should have that extra layer of protection.
Why is business interruption coverage important for a business?
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!
How do you reassure business owners that Western will handle claims promptly?
We have a designated team that helps walk you through the claims process. They are available 24/7 via hotline and are some of the best in the industry.
What add-on coverages would be recommended for businesses?
Western recommends cyber coverage, legal expenses coverage, and director and officers coverage as add-on coverages for Canadian businesses.
Western will help you protect your business with commercial insurance that’s tailored to your needs and at the right value for you. You can save up to 10% on your business insurance.
