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Small business insurance in Quebec
A company needs a business insurance to protect assets such as premises, stocks, equipment, employees and so on, against the various risks that can arise at any time. Thanks to commercial insuranceThis means you can deal with any emergency without jeopardizing your cash flow. Whether you're a retailer or a wholesaler rent a shared office in coworking, it is essential to have customized business insurance for your activities.
The different types of SME warranties
Different types of cover and insurance are available to companies, to suit their needs, size and activities. Some insurances cover individuals, as is the case with life insurance, disability protection, partners' insurance (also known as partners' share repurchase agreement), health insurance and employee insurance. Others protect the company's assets and property.
- General liability insurance : Protects against damage caused to third parties.
- Commercial property insurance : Covers premises, equipment and stocks in the event of a claim.
- Professional liability insurance (Errors & Omissions - E&O) Covers professional errors and omissions.
- Business interruption insurance : Compensates for loss of income in the event of business interruption.
- Cyber risk insurance : Protects against cyber-attacks and data theft.
- Directors & Officers (D&O) insurance : Protects executives against lawsuits.
Protection of income and commercial property
It's in a company's best interest to protect its acquisitions, its property and all the assets that make up its assets. Business insurers offer several types of protection, starting with property insurance, which covers the SME's premises and assets in the event of occurrence of a claim such as fires.
Personal property is also covered by guarantees in the event of damage or loss. L'personal property insurance This covers materials, equipment or any other property stored on the company's premises. There is also business interruption insurance, which is activated when the entrepreneur is obliged to interrupt his activity following a loss. This protection covers loss of income until business resumes as normal.
For sme companies that have commercial vehicles used in their business, whether for transporting staff or for commercial purposes, they can take out an insurance policy. vehicle insurance necessary in the event of accident, collision, theft or vandalism.
Liability insurance
Within a professional mistakes or accidents can occur at any time, involving the company itself, its management or its staff. And in order to guard against legal proceedings, it is possible to take out a civil liability insurance policy. Insurers offer general liability coverage for injuries caused to others on company premises. company premises. Product liability insurance covers defective products that have caused injury or harm to their users. Finally, there is professional indemnity cover, which is activated in the event of legal action following an error, omission or professional negligence vis-à-vis a third party.
Accounts receivable insurance for SMEs
In the course of its business, a company can sometimes find itself faced with doubtful or disputed debts. While the company must honor its commitments to suppliers, employees, tax authorities and other creditors, it has difficulty recovering its receivables from customers, particularly when the latter are in a situation of cessation of activity or refusal to pay.
This insurance Business insurance is becoming increasingly necessary in crisis situations, especially when it comes to exporting. In the latter case, the government offers export insurance to cover commercial risks specific to international trade operations.
