Let us protect your business with top-rated, comprehensive coverage.
Whether you refer to it as business insurance or commercial insurance, one thing is clear. Without the right coverage, your assets, your business, and everything you’ve worked hard to build are all vulnerable.
Unforeseen events happen. At Dawson & Keenan, we’ve been in Sault Ste. Marie, Wawa, Thessalon, and Algoma District for over a century. We understand what it takes to design the right business insurance coverage for your operation, large or small.
What key types of business insurance should every business owner consider?
Depending on the nature of your business and any insurance that you are legally obligated to carry, the following types of business insurance should be considered:
Business property insurance
Compensates your business in case of damage to your building, contents, and tenants improvements.
Business interruption insurance
Protects your business from loss of profit and continuing expenses due to an insured peril.
Commercial general liability insurance
Protects your business from liability related to bodily and property damage due to a negligent act.
Product liability insurance
Protects your business from liability-related to product defects or product-related injury, illness, or death.
Professional liability insurance
Protects your business from liability related to errors and omissions.
Cyber crime insurance
Protects your business from security breaches, ransomware, and much more.
D&K Top Tip
Business Insurance
Don’t assume you are automatically covered if there is a change in operation
Frequently Asked Questions About Business Insurance
Q: Why do I need business insurance?
A: Business insurance will keep you from suffering financial loss from accidents or lawsuits. If there’s an accident at your office or on your jobsite, you can face lawsuits and claims against you, which can be costly to fight and settle. Our insurance brokers are well-versed in business insurance and can review your risk exposure to help determine what options offer the best protection for your needs.
Q: Can I deduct business insurance on my taxes?
A: Business insurance is tax-deductible, as long as the coverage is for the purpose of operating a business, a profession, or a trade. Talk to one of our brokers for additional advice.
Q: How much will business insurance cost?
A: A number of factors affect the cost, because it depends on the type of business and the types of coverage appropriate for that commercial operation.
Cost also depends on the size of the business. A small, home-based business can often be adequately insured for less, while insurance for a large company with many employees and a wide range of business risks will cost substantially more.
The costs of business insurance can be reduced with effective risk management practices, and by comparing costs from several different insurance providers.
An insurance broker who specializes in commercial insurance can help with this process, and can manage a company’s complete business insurance portfolio through one office.
Providing Dawson & Keenan with a complete description of your operations ensures that you have the coverage you need. Our team will seek out and work with an insurance company that is best for your operations.