Protect Your Today
Risk happens. Even if you are a solopreneur, you manage risk every day. As a small business ourselves, we create, negotiate and deliver services as well as products to support the specific needs of small businesses like yours! CMS Insurance Brokers was built on an entrepreneurial dream and literally started from scratch like so many other Canadian small businesses. Our team of experienced small business insurance brokers are experts in helping with all types of liability insurance products and other coverages that small businesses need the most.
Small Business Auto Insurance
Across every province and territory, small business insurance for autos is mandatory. Government-run insurance companies sell primary auto coverage in the provinces of British Columbia, Manitoba and Saskatchewan. In these provinces, private and government insurers compete to sell additional coverage options as part of small business insurance options. Throughout the rest of Canada, you can get insurance needed for small business such as auto insurance through private insurance companies.
Because each provincial and territorial government has specific auto insurance requirements and minimums, small business liability insurance varies by location. Like other forms of coverage, auto insurance coverage and policy language can be complex as well as difficult to decipher. If you are looking for a small business insurance quote, the following general terms apply to auto insurance.
Small Business Credit Insurance
Lining up your accounts receivables doesn’t always happen exactly as planned. As a small business owner, you know that when invoices aren’t paid on time, your bottom line can quickly be impacted.
Our insurance brokers understand time is money and take pride in sourcing the best solutions for small business owners and operators. We’re proud to partner with highly rated insurance companies like Euler Hermes Canada that understand the unique coverage needs of Canadian small business.
CMS Insurance provides small businesses the ability to mitigate their receivables risk—quickly, simply and affordably so they can grow with confidence. “you may think that credit insurance is only suited for large companies. Credit insurance is essential to ensuring a small businesses’ continued success.
Small Business Cyber Liability Insurance
In the rapidly evolving digital landscape, small businesses face unique vulnerabilities. Cyber threats, once a concern primarily for larger corporations, now pose a significant risk to the operations and reputation of small enterprises. As a small business, you are likely hyper-aware that risk can trip you up when you least expect it. One such risk is your cyber exposure. Whether it is stored customer data or website content cyber exposures are vast and require the best small business insurance options. This is where CMS small business cyber liability insurance becomes an essential shield in your business’s defense arsenal.
Our small business cyber liability insurance in Canada is tailored to provide robust protection, catering to the specific challenges faced by smaller entities in the digital domain.
Small Business Employee Theft Insurance
Unfortunately, research shows that just in the past three years, 21% of surveyed organizations experienced some form of employee fraud. Whether large or small, any business is a potential target for crime. Experts acknowledge employee theft is one of the fastest-growing and most prevalent problems facing businesses today.
Small business employee theft insurance is specifically designed to reimburse organizations for the loss of money, securities, or inventory resulting from criminal activities. Unfortunately, advancements in technology coupled with a constantly changing economic environment, make the threat of crime-related losses to a small business even more devastating.
Small Business Property Insurance
Are you aware that a standard property policy can provide coverage for extended perils? This can include floods, windstorms, hail, earthquakes, acts of terrorism, explosion, riots, smoke, civil commotions as well as vehicles that damage your small business property.
In fact, basic small business property insurance can cover losses due to fire or lightning, including the cost of removing property as a way to protect it from further damage. Beyond extended perils, you can include vandalism and malicious mischief among your small business property coverages. The insurance policy will provide the replacement cost value for your building and the actual cash value for your business property.
Small Business Liability Umbrella Insurance
Commercial Umbrella Liability Insurance can be a great solution for a business that needs more liability coverage than what is offered in their General Liability, Employer’s Liability or Auto Liability Plan. Umbrella coverage can be purchased as a standalone policy or can be bundled with a General Liability policy.
A smartly crafted lead umbrella insurance policy is one of the main lines of defense in today’s increasingly litigious society. The rise in the number of lawsuits and size of jury verdicts impose a heavy financial burden on many businesses large and small. In Canada, many judgments result in a finding of joint and several liability, which means an individual may be only one per cent negligent but end up paying 100 per cent of the judgment if the others named in the suit do not have assets or insurance. Commercial Umbrella Liability coverage provides effective protection against large losses and potential coverage gaps for a range of exposures.
An Umbrella Liability policy provides limits to supplement those of a Commercial General Liability (CGL) and Automobile policy, as well as additional liability coverages not contained in the CGL. The term “umbrella” is derived from the fact that it is a separate policy over and above any other basic liability policies.
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