🔒 Core Business Insurance Options

1. General Liability Insurance

   • Protects against third-party claims (injury, property damage, legal costs).

   • Example: A client slips and falls at your office.

2. Commercial Property Insurance

   • Covers your office, equipment, and inventory against fire, theft, or damage.

3. Professional Liability / Errors & Omissions (E&O)

   • Protects service providers (consultants, realtors, accountants, tech advisors, etc.) from negligence or mistakes in their work.

4. Product Liability Insurance

   • If you manufacture, sell, or distribute products — covers lawsuits from defective or harmful products.

5. Commercial Auto Insurance

   • Covers company vehicles or employee drivers on business errands.

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💼 People-Focused Insurance

1. Workers’ Compensation

   • Mandatory in most provinces if you employ staff. Covers workplace injuries.

2. Group Health & Benefits Plans

   • Helps attract talent (health, dental, life insurance).

3. Directors & Officers (D&O) Insurance

   • Protects board members and executives from personal liability for decisions made on behalf of the company.

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📲 Modern Coverage Options (Growing in Demand)

1. Cyber Liability Insurance

   • Covers data breaches, ransomware, and online fraud.

   • Crucial for tech, real estate, e-commerce, and consulting.

2. Business Interruption Insurance

• Replaces income lost if your business can’t operate due to fire, natural disaster, etc.

1. Commercial Crime Insurance

• Protects against employee theft, fraud, or forgery.

1. Home-Based Business Insurance

• If you run your business from home, this extends beyond personal home insurance to cover business equipment and liability.

🛠 Industry-Specific Policies

1. Contractor Liability Insurance – for trades, cleaning, and service providers.

2. Event Liability Insurance – for conferences, pop-ups, or community events.

3. Environmental Liability Insurance – if your business handles chemicals or waste.

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That way, you can drop it straight into your newcomer business section — something practical and “keep-able” instead of walls of text.

🔑 Core Business Insurance Options for Newcomers

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1. General Liability Insurance

   • Covers accidents, injuries, or property damage caused by your business operations.

   • Example: A client slips on a wet floor in your office.

2. Professional Liability Insurance (Errors & Omissions – E&O)

   • Protects against claims of negligence or mistakes in services provided.

   • Example: Consultant gives incorrect advice that causes financial loss.

3. Commercial Property Insurance

   • Covers buildings, equipment, and inventory against fire, theft, or damage.

   • Example: A fire destroys your small office and computers.

4. Business Interruption Insurance

   • Replaces lost income if your business is forced to close temporarily.

   • Example: Flooding forces you to stop operations for 3 weeks.

5. Commercial Auto Insurance

   • Covers vehicles used for business (deliveries, site visits, etc.).

   • Example: Delivery driver hits another car during work hours.

6. Workers’ Compensation Insurance (mandatory if you hire staff)

   • Covers employee injuries on the job, including medical expenses and wages.

   • Example: An employee injures their back lifting boxes.

7. Cyber Liability Insurance

   • Protects against data breaches, hacks, or online fraud.

   • Example: Customer credit card info is stolen from your system.

8. Product Liability Insurance

   • Covers damages or injuries caused by products you sell.

   • Example: A kitchen gadget you sell malfunctions and injures a buyer.

9. Directors & Officers (D&O) Insurance

   • Protects leadership from personal liability for business decisions.

   • Example: Board members sued for mismanagement.

10. Commercial Crime Insurance

• Covers theft, fraud, or employee dishonesty.

• Example: A bookkeeper embezzles company funds.