Running a business—whether from a storefront, office, or your own home—comes with risks. Business insurance helps you manage those risks and keep your business moving, even when the unexpected happens. It can help protect you from financial loss due to property damage, liability claims, or interruptions to your operations.
If you have a home-based business or work from home, standard home or tenant insurance usually won’t cover business-related losses. It’s important to declare your business activities to your insurer and arrange for the right coverage.
Covers damage to or loss of your business premises, equipment, inventory, and other physical assets. This protection could help you recover if your business property is damaged by fire, theft, or other covered events.
Protects your business if someone is injured on your premises or if your products or services cause harm to others. For example, if a delivery person slips and falls at your business, or if your product causes damage, liability insurance can help cover legal costs and compensation.
Designed for service providers, this coverage protects you if a client claims they suffered a loss due to a mistake or oversight in your professional services.
Business insurance isn’t one-size-fits-all. Consider the nature of your business, the value of your assets, and the risks you face.
Review your coverage needs: Make sure your policy covers your business property, liability risks, and any specific exposures related to your industry.
Declare home-based business activities: If you operate from home, let your insurer know. Home or tenant insurance generally won’t cover business claims.
Read the policy details: Coverage, exclusions, and limits can differ between providers. Understand what’s included and what’s not.
Always make sure your insurance advisor is licensed by visiting fcnb.ca/check-now.