Shattering small business insurance myths.

There are a lot of myths about insuring a small business.

…and we’re about to shatter them.

My home-based business is covered under my home policy.

MYTH

1Most homeowner policies either don’t cover business-related damage/loss or don’t provide adequate coverage.

What’s not covered:

• If you stock product on premises• If you use expensive equipment • If you’re sued by a customer/supplier. • If you’re sued by a courier delivering a

business package or a customer who was injured by crafts or jewelry that you sell.

I don’t need liability coverage because I work from home.

MYTH

2Liability is actually the greatest risk to your home business. Always maximize your liability coverage – it can literally save your business.

General liability coverage covers injuries to customers, suppliers, employees or visitors to your property. It also covers you/your staff if you’re conducting business off-site. Always maximize your liability coverage!

My auto insurance will cover any business-related items I keep in my car.

MYTH

3Personal auto insurance doesn’t cover work-related items that are stolen or damaged while in your vehicle.

A commercial auto policy will protect you from business-related property losses and certain liabilities.

My business is too small to require commercial insurance.

MYTH

4Your business is too small NOT to have commercial insurance.

The smaller your business, the bigger the financial impact could be if you’re sued or experience a loss that’s not covered by home insurance.

If I get sued, I can just shut down my business!

MYTH

5Closing your business will not necessarily protect you from a lawsuit. Courts tend not to care whether or not a business is currently operational.

In a worst-case scenario, you could be required to cover settlements or judgments from your personal assets.

Business insurance is expensive! MYTH

6It’s more affordable than you think.

Go with an insurance provider that specializes in small business and offers flexible payment options.

Partner with an insurance provider who will work with you to create a customized solution, and will take the time to review your policy as your business changes and grows.

Want to know more? Call us at 1.844.429.9480 or Request A Quote

www.trushieldinsurance.ca

Follow us @TruShieldIns