Starting up and operating your own small business in Alberta can be a very rewarding experience. You can see and track the results of your hard work, which makes your effort all that much more satisfying. But at the same time, your small business can also cause a few sleepless nights. Successful business owners control what they can and carefully manage the risk regarding what they can’t. Having the right mix of affordable coverage for your business can take a lot of worries off your mind and allow you to focus upon making your company succeed. No matter what line of business you are in, one of the fifteen nationally recognised insurers we represent undoubtedly can provide you with the kind of coverage you seek.
Types of Small Business Insurance to Consider
Do you require bonding and surety coverage? We can help. We also represent various commercial auto, fleet and long haul insurance products. If you are a professional or a realtor, we have several lines of errors and omissions coverage to compare. If your business gets a lot of invitees, we have commercial casualty and premises liability offerings too. With any of the product lines we offer, even for a home-operated business, we will work to get you a free quote on insurance coverage tailored to your circumstances and budget.
Of course, not every calamity that can befall your business is of the predictable sort. If your business cannot afford to be down due to weather, equipment failure, an extended power outage, or some other unanticipated problem, Lane’s Insurance of Calgary also offers coverage for critical equipment failure downtime and interruption of your business.
To cover yourself personally against totally unforeseen liability problems, or even to protect your business against your own premature disability or demise, Lane’s Insurance also represents carriers who offer umbrella liability policies and life insurance products.
One of the earliest business relationships an entrepreneur should form is with an experienced insurance broker who you know is undoubtedly in your corner. Unlike a “captive agent” of one insurer, who can only offer you the coverage options and pricing of a single provider, the independence of Lane’s helps to ensure that you not only are never under- or over-insured, but also that your business doesn’t overpay for its coverage.
Other Small Business Details
Alberta is very friendly to entrepreneurs. If you have a great business idea, the Government of Alberta has a number of useful resources available to assist you in complying with the rules and regulations small business owners need to abide by. There are regulations, permitting, and occupational rules that need to be observed. They also offer pointers in how to run a successful business and how to line up the financing you may need to start or expand your business.
Workers Compensation Coverage (WCB) in Alberta
If you have any employees whatsoever outside of a family farming business, you are required to have injury coverage for those employees through the Workers Compensation Board of Alberta. To those just starting out, such coverage may seem like just another bill that has to be paid, but be warned that the penalties for non-complying employers will make mandatory WCB coverage seem a bargain by comparison.
Make Lane’s Insurance of Calgary Your One Stop For Coverage
Lane’s commercial insurance options will cover you for any incident that may befall your business. Contact our friendly, knowledgeable staff to learn more about the products we offer.