How to Assess Insurance for Your Small Business

| March 7, 2019

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Small businesses need insurance just as much as any large corporation would. Accidents and unexpected events happen, even if you don’t expect it. When these incidents occur, insurance is there to help protect your business financially. And because every business is unique, your insurance coverage should suit your business’s needs. Here are some considerations to evaluate as you begin to think about the insurance that your small business needs. The Industry Every industry is different. Some industries have more innate physical risk involved, while others may be more prone to digital threats. It’s essential to consider the industry you are in and how those risks can impact your business. For instance, if you are a small software company, you might need more cyber liability coverage. If you own a delivery service, then commercial auto insurance would be important to have. Assessing your industry and the risks involved is a good stop to figuring out what coverage is best for your business.

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Lundgren and Young Insurance ltd

Welcome to Lundgren & Young Insurance. We have been offering Home, Auto, Commercial, Life, Travel and Recreational Insurance Services to Albertans through our 6 servicing offices since 1983. We service our customers one on one with a focus on speed, accessibility, price and choice. Talk to us online, over the phone, in person either at our office or yours, we will make it work to suit your needs.

OTHER ARTICLES

Working From Home: What You Need to Know About Insurance Coverage

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Article | April 17, 2020

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Will your insurance IT investments pay off?

Article | April 12, 2021

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Spotlight

Lundgren and Young Insurance ltd

Welcome to Lundgren & Young Insurance. We have been offering Home, Auto, Commercial, Life, Travel and Recreational Insurance Services to Albertans through our 6 servicing offices since 1983. We service our customers one on one with a focus on speed, accessibility, price and choice. Talk to us online, over the phone, in person either at our office or yours, we will make it work to suit your needs.

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