Businesses opt for insurance coverage to ensure the continued financial protection of their investments, property, customers, and future operations. In the event of a mishap, disaster, or negative incident such as a robbery, they would otherwise be left to fend for themselves financially, likely facing difficult decisions and potentially even foreclosure.
At Rowat Insurance, we understand and respect the need to protect your operations, employees, and future in a cost-effective yet results-driven manner, which is why we provide comprehensive commercial insurance packages.
Our knowledgeable team of advisors and experts will work with you to guarantee the best possible outcome and complete coverage to suit your business needs. Group insurance benefits represent a financial obligation to the plan sponsor while playing an important role, alongside government-sponsored benefit programs, in providing for the well-being of employees and their families. We work with you to find creative and flexible solutions and are committed to ensuring that plan sponsors get the best value for their benefit dollars. As brokers, we represent virtually all insurance suppliers.
Whether you seek protection from future natural disasters or even plumbing problems, we can step in and guarantee a financial safety net for your commercial operations.
For everything from minor repairs from environmental damage to cleaning costs associated with a special event that took a turn for the worst, you can count on Rowat Insurance to safeguard your business from financial black holes.
Types of business insurance offered by us may include:
- Boiler and Machinery
- Builder’s Risk
- Errors and Omissions (E&O)
- Business Interruption
- Crime
- Flood and Earthquake
- Commercial General Liability
- Professional Liability
- Sewer Back Up
- Environmental
- Special Event Liability
Please contact us for more information on your specific commercial insurance needs. Additionally, you may also request a quote to gain a deeper understanding of our available commercial insurance policies.
Understanding Commercial Insurance Coverage in Ottawa
There are a wide variety of commercial insurance coverage options in Ottawa. At Rowat Insurance, we can help you understand what they are, giving you the information you need to make the best decision for your business.
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Commercial General Liability (CGL) Insurance: This provides financial protection if a third party alleges bodily injury or property damage against you. CGL Insurance can help cover legal or medical bills or other associated expenses.
- Product Liability Insurance: This is often part of CGL coverage and protects you from liability claims related to products you have sold.
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Commercial Property Insurance: This is similar to home insurance in that it covers the physical location of your business, such as in the event of fire or theft. It can also include business-specific items such as furniture, electronics, stock, and inventory.
- Business Interruption Insurance: This would be an addiction to commercial property insurance, which covers income lost due to damages outlined in your policy. The covered amount would depend on your policy and may not include employees’ wages during a temporary closure.
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Commercial Auto Insurance: A useful add-on if you have a fleet of commercial vehicles.
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Cyber Liability Insurance: This protects your business against the fallout of cyber incidents, like hacks or data breaches. This type of coverage can include legal fees, credit monitoring, or notifying customers in the event of a cyber incident.
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Crime Insurance: This would cover your business in the event of employee or customer crimes.
How to Choose the Right Commercial Insurance for Your Ottawa Business
With so many types available, it can be difficult to choose the right commercial insurance for your Ottawa business. In addition, it’s best to reevaluate your commercial insurance policy every year to ensure that it provides adequate coverage. Here are some steps you can take to ensure you select a comprehensive option:
- Compare insurance types. There are a lot of insurance options on the market, so we encourage you to take the time to research providers and plans in-depth.
- Talk to local insurance brokers. If you can’t find the time to research, talk to local insurance brokers like us! We know what the best options are, and by explaining your needs, we can help you narrow down your options.
- Take advantage of insurance bundling. If you’re also looking for a business policy or car insurance, it can be advantageous to bundle your coverage or go with the same provider. Insurance providers often reward loyalty with lower rates or other benefits.
The Role of Commercial Insurance in Business Continuity Planning
Commercial insurance protects against the unexpected. While you can’t control if there’s an earthquake or if someone vandalizes your property, you can control your insurance coverage. The right commercial insurance can help your Ottawa business get back on its feet after unforeseen events and ensure you don’t lose customer trust or revenue during tumultuous times.
