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Commercial Insurance Coverage Abbotsford

Commercial Insurance Coverage Abbotsford

Are you wanting to ensure that your business' assets will be protected in the event of a fire, vandalism, or theft? Do you want to protect your important business ideas and information from your competitors? No matter what industry you are working in, purchasing commercial insurance can help protect your company in the event of a catastrophic loss.

While commercial insurance is specifically designed to help protect companies from a range of potential risks, it is important to keep in mind that commercial insurance does not cover everything. The professional insurance brokers from Mountainview Insurance Services Ltd can ensure that your business has coverage where it is needed the most by helping you select the best commercial insurance policy for your unique business needs.

Insurance agent presentation and consultations with a client

What is commercial insurance?

Commercial insurance works to help protect the financial assets, intellectual property, and physical property from a covered loss, such as theft, vandalism, property damage, lawsuits, loss of income, or employee injuries or illnesses. While a standard commercial insurance policy will not cover all of the perils that could negatively impact a business, there are a range of different commercial insurance policies for unique risk factors for different types of businesses that can be purchased in addition to a standard commercial insurance policy.

Why is commercial insurance important?

While all businesses have to take on some risks, choosing the right kind of insurance will ensure that you are covered from the majority of potential risks to your business. Purchasing commercial insurance is important because it will help cover a wide range of company assets—from office space and equipment to an indispensable employee—from covered perils and it will help the company survive in the event of a business-related emergency. While there is a wide selection of different types of commercial insurance policies to choose from, a reputable insurance broker will be able to help you select the best coverage options for your unique business and property.

An insurance broker explaining the benefits of commercial insurance to the client

Types of commercial insurance

Some of the different types of insurance policies that business owners can choose from include:

Liability Insurance

Liability insurance is specifically designed to protect businesses from costs related to claims against the company for bodily harm and property damage. Depending on the type of business you own, you can choose from a variety of different liability insurance options, such as:

General Liability

General liability insurance policies cover injuries that occur on the property. This type of liability insurance can help protect employees, clients, and other visitors.

 

Professional Liability

Professional liability insurance provides protection from being sued by a client for errors, omissions, or negligence of any kind.

Product Liability

Product liability coverage is designed to provide protection in the event that the company's products are defective or cause serious harm to the user.

Commercial Umbrella Insurance

In addition to a standard commercial insurance policy, business owners can also purchase a commercial umbrella insurance policy to act as an additional layer of insurance to further protect company assets.

Employee Insurance

Employee insurance works to help cover employees in the event of a work-related injury or illness. This type of insurance policy can also help cover the legal costs for a business facing a lawsuit from the family of a deceased employee.

Property Insurance

Property insurance is specifically designed to help businesses recover after significant property damage caused by a fire, storm, or other covered event. Business owners can also choose to add on extra property insurance policies to help cover damage from natural events, such as flooding. Common property insurance policies can help cover a wide range of different scenarios, including:

 

  • Damage to the business' physical location

  • Damaged tools, assets, and documents

  • Damage caused by vandals

Expansive Farm Insurance Policies

Commercial insurance from Mountainview Insurance Services Ltd

If you are looking to compare commercial insurance quotes for your small business in BC, the dedicated team from Mountainview Insurance Services Ltd will work closely with you to ensure that you are receiving the best types of insurance for your business and property. Get in touch with the team of professional insurance brokers from Mountainview Insurance Services Ltd today to learn more about how we can help you.

Expansive Farm Insurance Abbotsford

Have you recently started your own farm and need to purchase an insurance policy for your property? Have you owned your farm for years but are wanting to find a farm insurance policy that will better suit your needs? No matter what type of farm you own, the dedicated team of farm insurance brokers from Mountainview Insurance Services Ltd can help you select the best policy for your unique needs.

As an Abbotsford insurance agency, Mountainview Insurance Services Ltd offers a range of different farm insurance policies. All our insurance products can be tailored to meet the needs of each customer, whether you own a commercial farm or a hobby farm. Our team of professional insurance brokers will even work closely with you to compare different farm insurance policies so that we can find the best fit for you. Get in touch with the expert team of farm insurance brokers from Mountainview Insurance Services Ltd today to get a free farm property insurance quote.

Tractor spraying pesticides at soy bean field

What is farm insurance?

Similar to a standard homeowner's insurance policy, farm insurance is uniquely designed to provide coverage for your home, personal property, liability, and additional living expenses; however, farm insurance also works to provide coverage for financial losses related to the business side of our farm.

Why is farm insurance important?

Since farms come in a wide range of shapes and sizes and no two farms are exactly the same, farm owners can benefit from working closely with their insurance broker to create a highly customized farm insurance policy that is uniquely designed to meet their needs. A reputable insurance provider can help ensure that your farm, investments, and assets are fully covered.

Tractor cultivating field at spring

Types of farm insurance

Some of the different types of farm insurance policies that you can choose from include:

Dwelling insurance

Similar to a regular home insurance policy, dwelling insurance is designed to help protect any dwellings on the farm, as well as their contents, from fires, storms, theft, vandalism, and other similar events. Dwelling insurance can also provide coverage for attached structures, such as garages.

Liability insurance

If an employee or visitor is hurt while on your property, liability insurance can help protect you from a lawsuit while also covering the cost of an accidental bodily injury, medical expenses, and property damage.

Other building insurance

Other building insurance is specifically designed to provide protection to the buildings on the farm that are not attached to the house. Some of the structures that can be covered by other building insurance include barns, silos, corrals, and any other building or structure on the farm.

Livestock insurance

Livestock insurance policies work to cover financial losses in the event that some of the farm's livestock drowns, dies due to a lack of electricity, or is accidentally shot. Livestock insurance can be purchased as individual insurance for covering animals separately, as herd insurance for large groups of animals, and as blanket insurance which covers all the animals, equipment, and structures on the farm.

Crop insurance

Crop insurance is available in both crop-hail insurance and multi-peril insurance.

  • Crop-hail insurance
    Crop-hail insurance is specifically designed to help cover the cost of crops that are damaged by hail.

     

  • Multi-peril insurance
    Multi-peril insurance works to help cover the cost of crops that are damaged due to fire, floods, hail, insects, and other natural disasters.

Since crop insurance can be one of the most confusing types of farm insurance, it is important to talk to an insurance broker before making a purchase.

Farm insurance from Mountainview Insurance Services Ltd

If you looking to compare farm insurance quotes for your BC farm, the dedicated team from Mountainview Insurance Services Ltd can help ensure that you are receiving the best policies for your unique wants and needs. Get in touch with the professional insurance brokers from Mountainview Insurance Services Ltd today to find out more information about our farm insurance products and how we can help you.

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