Long drives can be very enjoyable. However, if you aren’t properly prepared, they can prove gruelling or even dangerous. Follow these 10 tips to ensure that your next extended drive goes smoothly.
Do you have inventory?
In most circumstances, your inventory won’t be covered by your home or renter’s insurance. If you don’t have business insurance, in this case, commercial property insurance, you could be subject to heavy losses should your inventory be destroyed in a flood, a fire or stolen.
Do you rely on specialized equipment?
Do you have equipment that’s necessary to your business operations or that’s expensive to repair or replace? Equipment breakdown insurance helps you cover the costs when equipment gets damaged. This can help you avoid heavy financial losses and ensure your business stays up and running.
Do you need to worry about errors?
Everyone makes mistakes. The problem is that mistakes in a product or service you provide can cost you dearly. If an error in your work causes a client to suffer a loss, you may be held liable and could end up in court. Without general liability insurance, lawsuits of this kind can end up costing your business tens of thousands of dollars. You’re especially at risk if a product you make or sell can cause bodily injury or property damage.
Do you receive customers at your business?
If one of your customers experiences a slip-and-fall injury on your property and brings a lawsuit against you, know that your home insurance policy may not cover it. In many cases, only general liability insurance will protect you in this scenario and help you manage a potentially costly lawsuit.
Business insurance in Alberta
At TSG Insurance, we understand that your company has its distinctive needs and is at risk for specific types of damages and losses. Whether you need minimal or extensive coverage, we work with reliable insurance agencies to offer you a customized policy at the best possible rates. For more information, or to request a free quote, contact us today. We’re proud to serve businesses in Calgary, Edmonton, Medicine Hat, Brooks and Bassano.