Small Business Insurance Alberta
Determine the proper coverage at the right price.
Have you been frustrated by brokers who:
At CMB, We’ll protect what matters most like it’s our own
Get the complete picture with CMB
Business, personal, and more. Get the coverage you want.
Dedicated team of agents.
Personalized service ready to help with answers to your questions, ongoing support, and policy management.
Multiple policy and cost options.
Helping you customize and choose the right protection, insurance company, and cost.
Get claims paid quickly.
Handled with care to help you minimize downtime and secure top dollar for your protection.
Reduce the probability of a claim.
Tools to help you spot and avoid problems before you suffer the consequences.
Choosing the right insurance coverage for your small business.
What if your insurance program was simple, predictable, and controllable?
Business insurance is getting more complicated. You need a dedicated expert proactively working for your business so you can enjoy best-in-class insurance coverage and pricing. The insurance experts at CMB are honest, accountable, and hardworking and will do whatever it takes to solve your business insurance problems.
Every small business needs the financial and legal protection that business insurance provides. This coverage protects you from costly losses that could put you out of business and provides peace of mind that the risks you face are being managed effectively.
The first step in choosing insurance coverage for your small business is considering the risks you face. Here are some common threats to small businesses that you’ll want to be protected from:
Property Damage
Property insurance protects a commercial building and its contents from losses such as fire and theft. It comes in many forms to suit your specific needs. A typical policy will provide the replacement cost value for your building and the actual cash value for your business property.
Business Interruption
This invaluable coverage safeguards your business by covering operating expenses and lost income while the permanent business location is being repaired. This will allow you to maintain payroll and, if needed, reallocate current employees to help with the cleanup effort.
Liability Losses
Protect your assets by carrying adequate Commercial General Liability (CGL) Insurance coverage. CGL policies provide coverage for claims of bodily injury or other physical injury, personal injury (libel or slander), advertising injury and property damage resulting from your products, premises, or operations.
Key Person Losses
Many small businesses are built around the talents and expertise of a few individuals. Suppose an employee crucial to the functioning of your business departs unexpectedly due to death or injury. Would day-to-day operations continue as usual, or would disorder and uncertainty ensue? Would you be able to maintain your current level of performance and current revenue stream? How would you cover the financial loss of the employee or pay for a temporary replacement during his or her recovery? Key Person Insurance can help you answer these questions with confidence. This coverage provides financial stability in times of stress and uncertainty, allowing you to keep your business moving forward without missing a beat.
Cyber Threats
If your business stores customer records electronically, it is crucial that you have robust security measures in place. In addition to taking preventative measures to reduce Internet-based exposures, specialized technology coverage, such as Cyber Liability Insurance, can help protect your business against damage from cyber-attacks, data breaches and other Internet-based exposures.
Why do I need Small Business Insurance?
- Protection for property, tool, supply and equipment losses due to fire, vandalism, theft and more
- Protection for equipment breakdowns
- Protection for liability losses due to injury or third-party property damage
- Protection for errors and omissions
- Protection for loss of income due to business interruption and more
- Protection for automobile losses due to accidents and vandalism
- Protection for cyber losses due to data loss, credit card breach and other digital threats
What types of coverage are available for your small business?
Small business insurance is a general term encompassing many unique insurance policy types that apply to a business. Each Alberta business requires a unique package of insurance products that address all of its particular coverage needs.
Some examples of the many types of business insurance are:
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Accounts Receivable Insurance
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Business Income with Extra Expense Insurance
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Business Interruption Insurance
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Completed Operations Insurance
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Computers Insurance
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Equipment Breakdown Insurance
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Valuable Papers and Records Insurance
- And more
These various types of insurance cover anything from damage to your business premises resulting from a storm, to a claim made against you regarding advice you provided.
Most small businesses will at least require Commercial General Liability Insurance and Commercial Property Insurance.
How much does small business insurance cost?
The cost of business insurance varies greatly depending on factors such as:
- Size of business
- Industry
- Claims History
- Location
- Revenue
- Number of employees
We will help you determine which coverage you need and find the best option.
Contact us today to learn more about the Alberta small business Insurance solution that’s right for you.
Read more about Small Business Insurance:
Business Insurance Products
Top 10 Threats to Small Businesses
The Importance of Updating your Property Insurance Values
Explore Our Small Business Insurance Articles
Our blog serves as an essential resource for professionals seeking clarity and depth in understanding Small Business Insurance. We tackle the complexities of this vital insurance type and provide comprehensive guidance to demystify its various aspects. In addition to this, we offer valuable insights and information that are crucial for professionals in diverse fields. Here are some key articles to guide you:
Taking the Confusion out of Insurance – Part 1: This article begins our series on simplifying the intricate details of professional liability insurance, making it more accessible and understandable.
Taking the Confusion out of Insurance – Part 2: Continuing from Part 1, this piece further unravels the complexities, helping you gain a clearer understanding of your insurance needs.
Tips for Managing a Hybrid Team: While this flexibility is beneficial, it can also present some challenges when a team isn’t in one singular location.
Why Do I Need Errors and Omissions Insurance?: Learn about the critical role of E&O insurance in protecting professionals against claims of negligence or inadequate work.
Creating a Business Plan: while it may sound like an overwhelming task, it is actually quite manageable when broken down into a few simple steps.
Visit our Small Business Insurance Blog for the latest updates, insights, and practical advice.
Why Professionals Trust CMB
When working with a new client, on average our audits uncover $1.5 M of business risk unaddressed and/or assets that have been overlooked.
The right program management can reduce the total cost of insurance by up to 30%.
On average, $20K recovery of lost profit for not-at-fault claims on heavy commercial units.
Your equipment claims settled up to 8 weeks faster than industry.
Savings of at least 10 hours of your time.
Approximately 70% of businesses have unaddressed risk—and don’t know it.
The average out-of-pocket cost of a loss is $280K—preventable on the right plan.
Areas We Serve:
- Alberta • British Columbia • Saskatchewan • North West Territories
