Name: Lakeview Insurance
Address: Calgary, AB
Telephone: 403-287-2521

Plenty of small business owners don’t even understand the type of liability insurance that they will need. No one wants to spend more cash than what they have to on it, and for the average small business, you might only need general liability coverage. The CGL policy will defend the business from suffering financial losses in the event of bodily injury, property damage or advertising damage.

How It Works

How does business protection insurance work? Let’s say you face a lawsuit because someone got injured near your business. The advantages of insurance to business is that you will be covered legally, medically and compensatorily in damages. You can file a claim with your insurance company in Calgary for any of these situations. However, it also depends on what’s in your contract.

It Can Happen

Unfortunately, liability lawsuits happen with alarming frequency, and your insurance company in Calgary will protect you from it. Businesses can find themselves facing expensive legal fees from everyday scenarios that could put them into bankruptcy. Small business insurance will keep them safe from these types of dangers.

What They Don’t Cover

Your insurance company in Calgary most likely won’t cover if non-employees have accidents at the business. In these situations, business protection insurance will most likely be more limited for the medical expenses. A claim like this will get paid without the need for expensive litigation. The policy usually won’t cover the injuries of the employees. In this situation, employment liability and workers’ compensation falls under another category.

Any business that needs liability insurance can choose to purchase it as a standalone product, but they can also do it as part of a commercial package, which can lower the costs of it in some cases. Speaking with a knowledgeable and understanding insurance agent is one of the best ways to determine what types of coverage will be needed.

Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected].

When it comes to paying for home insurance Calgary, you want to pay for services that will pay off over the long term. The problem is, you often don’t know how good an insurance company is until you have to use it. Let’s say a storm destroys the property. You want to see that you have paid the right insurance Calgary company to handle it. After all, you bought insurance because you wanted protection against the unexpected. This goes for any insurance.

Authorities Gave It High Marks

When looking at insurance companies in Calgary, you should look for positive reviews online, but you should also look at reports from several reputable sources. In addition, check with the Better Business Bureau because you can search through a ton of insurance companies in Calgary, and you can see what kind of complaints the company received. You get a better idea for how the company serves policyholders.

Competitive Pricing

If you’re looking for commercial insurance, you should check to see what kind of prices they offer. This doesn’t mean that you should automatically go with the lowest price because you could be buying a policy with 50 percent less coverage. Worse, they may not even be legitimate. Look for insurance quotes that offer value for the price.

Look for Licensing and Longevity

An insurer should have experience in the field. You want to know that they have existed for a few years because it indicates that they have experience handling claims, and they will do it in the most professional manner. Check with the Insurance Institute of Canada to see that the company you have chosen has a license.

Whether you want home insurance or commercial insurance, always check the reputation of the company before buying with them. This can help you determine if they will be a good match for you and if you will experience problems with a claim from them later down the road.

When should people hire a Calgary insurance broker? You have a few times where the best savings will come from choosing an insurance broker over a traditional company. A broker makes sense when you want to save money because insurance brokers work for your best interests.

Want More Choices?

With the direct writing insurance companies, you only receive a single policy to choose from at one price. A broker will match up your insurance needs with the right coverage and cost via several companies to identify the best one. You have plenty of options and choices. No customer is the same, and you either want the all-inclusive package or the bare bones minimum. That’s when going with an insurance company broker makes the most sense

Companies Can Be Selective

Few people realize how particular an insurance company can be with coverage. That’s because as a business, they want to turn a profit. For that reason, policies they see as “too risky” will be dropped. Meanwhile, other companies may feel differently and offer what you want.

You Want the Best Deal

When seeking a life insurance policy, you want to look at the discounts offered. Every company chooses to roll out the discounts in different ways. While one company caps a maximum limit on the discounts for a policy, others will push out a long list of discounts that customers can take advantage of. The average customer has a foggy understanding of this, and when you want the best deal, a broker will have a better awareness of the differences between policies. They will listen to your needs and offer a plan based on it.

Brokers have the best awareness of different companies and what can benefit you the most. A good broker will always prioritize your best interests and put you first.

Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected].