You probably have a general idea of what commercial insurance in Burnaby is for. You probably know what it can offer you if you are a business owner. But there is actually more to commercial insurance in Burnaby than meets the eye. As a business owner, you would want to ask all the important questions related to it so that you can determine the best insurance products that suit your needs.

The following are just some of the questions many people forget to ask when it comes to commercial insurance in Burnaby:

1. Am I required by law to get commercial insurance in Burnaby?

Yes, certain conditions call for the mandatory purchase of commercial insurance. Depending on your industry, you might be required to obtain unemployment, workers’ compensation, disability, and professional liability insurance. You need to check your local laws to ensure that you are getting the right insurance in addition to the general liability insurance that you should get.

2. How much commercial insurance coverage do I need?

There is no specific answer to this. It all depends on your business or company. Typically, you need to have general coverage insurance. This insurance covers the cost of damage to property in the event of a natural disaster, fires, theft, or vandalism. If someone gets hurt while on the property, this also covers the cost of hospitalization.

What is important is that you are not over or under insured. If you are over insured, you are wasting a lot of money on coverage you probably won’t use in the future. If you are under insured, you are putting your business at risk.

To have a better understanding of the needs of your company, you would want to get the help of insurance brokers such as AMC Insurance. They can help you find the right insurance products that are more suitable for your business.

3. Does commercial insurance cover the costs of a lawsuit?

It depends on your coverage. Make sure you have the right liability coverage to suit your business. For instance, if your business deals with sensitive information that could be leaked to the public, having cyber liability insurance can protect you from the costs of a lawsuit.

Don’t hesitate to ask any questions you might have about commercial insurance in Burnaby. That way, you can find the right one that suits your needs. Make sure you get your commercial insurance as soon as you can to start protecting your business.

For more information on the insurance policies and other details, you can quickly check out the official website here https://AMC Insurance.ca/.

Contact

120 - 12888 80th Ave.
Surrey, B.C. V3W 3AB

Ph No. +18663608555

[email protected]

https://AMC Insurance.ca/