Small Business Insurance

Entering the world of small business is risky enough without the need to worry about the liabilities or risks involved in your day-to-day operations. With exposure to the daily hazards of doing business, small companies need to protect themselves against contingencies that are beyond their control.

Taking the time to properly assess your insurance needs as a small business will keep you protected in the event of an accident or risk to your capital investments. To ensure that your hard work is not ruined in the blink of an eye, it is highly important that you look for a comprehensive insurance package that will allow your business to continue to run smoothly for years to come.

Every small business is different. Finding the appropriate small business insurance package for your company requires looking at what industry you are involved with and what the risks and liabilities in your field are. Tailoring a solution for our small business clients is what we do best at KASE Insurance.

What Is Small Business Insurance?

Small business insurance is an umbrella term that covers many of the different types of insurance that are relevant and often necessary for a smaller business to operate effectively. For example, property insurance is often essential for small business owners to protect against damage or theft to the physical property of your business. Whether you work from a home office or have extensive property assets, covering this with insurance to mitigate the damage of theft, fire or vandalism will prevent many headaches throughout the life of your company.

Small business insurance in Toronto also includes coverage for liability, commercial vehicles, as well as data and protection from cyber-attacks. Though every business will have different exposures to different types of risk, it is important to work with a professional broker who knows the nuances of your industry and your business in order to determine the appropriate coverage you will need to stay protected.

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Why Is Small Business Insurance So Important?

Small business insurance is essential for avoiding potential financial disasters caused by accidents or events that are beyond your control. For example, if someone slips or is injured on the premises of your business, they may bring a costly lawsuit against your company. Depending on the financial health of your business, this could potentially threaten the survival of your company.

Taking out commercial liability insurance is essential to keep the costs to your business low in the event of such an accident. It is worth pointing out that lawsuits can even be directed at those who operate their business from home, so make sure that you have appropriate coverage if this applies to you!

The cost of repairing your business after a major accident like a fire or a flood can also put you out of commission for a while. Adding insult to injury when these kinds of hazards happen in the routine course of business is something that no business owner should have to deal with.

What Does Small Business Insurance Cover?

Depending on the particular coverage you need, small business insurance can be used to cover many different aspects of the day-to-day needs of your company. In addition to the general liability insurance and property insurance described above, you can also seek out coverage for professional liability insurance if you routinely offer advice or recommendations as part of your job. This type of coverage will keep you protected in the event that your advice does not end up working out well for a particular client. While these situations are regrettable, the resulting lawsuits can often be expensive and will threaten the stability of your business. Make sure that you are protected against this risk!

If you have a large or small commercial fleet, you also need to consider protecting these capital investments. Comprehensive small business insurance in Toronto needs to incorporate commercial vehicle protection as well. In many cases, insuring vehicles as part of a fleet (rather than individually) will allow you to get a better rate and save money. You will also have the luxury of being protected in case these vehicles are damaged in the course of their use. 

These days, you can also find comprehensive insurance packages to cover novel threats to small businesses. Even though you might think it is unlikely to happen to you, cyberattacks can quickly hijack your data or infrastructure and cause tens of thousands of dollars in damage. Rather than leaving you on the hook for these malicious acts, it is important to have coverage to quickly restore your business in the aftermath of such an event.

Who Needs Small Business Insurance?

Virtually all small business owners will likely need some form of insurance as a requirement for operating legally. However, it is worthwhile to carefully consider how exposed your business and employees are to various risks. Gauging how much coverage you need and making sure to secure a comprehensive and tailored package from a reputable insurance broker like KASE Insurance is essential to your success.

Why Go With KASE Insurance?

If you want to be confident that your business is covered in the case of any contingency, then you need insurance brokers who understand your company and your industry. We understand that the needs of every small business owner will be different – often even within the same industry. Not all brokers have worked with such a diverse array of clients as the experienced and expert team at KASE Insurance has. 

With KASE insurance, you can be sure that the well-being of our clients is our top priority. We have worked with many small business owners throughout the years in many different industries. We always find a solution that is comprehensive and tailored to the specific needs of each client. 

Get in touch with our professional team of brokers today to learn more about small business insurance and how it can benefit you. You can reach us by telephone at 647-494-5273 or through our online contact form.

Read what clients have to say about KASE

By far the most professional and trustworthy insurance brokerage I have known. We have been working with this firm for number of years now and I have nothing but good to say about their team and services. Stan and his team won't stop until we are fully satisfied. They are always on top of things, super fast in their assistance and very professional. I highly recommend this firm to anyone seeking for great insurance brokerage to work with. Big Thank You to Stan and Kase Insurance for many many years of great service!

Reviewer: Alex K

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5 out of 5 stars

Stan and is team at KASE Insurance have been fantastic in explaining what insurance we needed for our business. Very hands on approach and detailed. I work highly recommend KASE Insurance for any business owner looking for great service.

Reviewer: Kyle Grooms

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5 out of 5 stars

The KASE team is very easy to work with. They answer your questions quickly, walk you through the process patiently, and find you great rates. We've been working with them for a few years and we haven't felt the need to shop elsewhere because of their customer service.

Reviewer: Sasha Boersma

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5 out of 5 stars