Business Insurance

While serving business insurance brokers at Hyde Park would be more interested to know about your business rather than only a brief discussion about the business insurance brokers company. We love to hear how business ideas came into your mind, and how you turned your dream into reality.

Business Insurance Brokers in Burnaby, North and West Vancouver, New Westminster, BC is a must-have for any business, large or small. Hyde Park insurance brokers help you protect what you’ve built with your strong dedication and consistency.

Why Do You Need Commercial Insurance?

Commercial Insurance Brokers in Burnaby, North and West Vancouver, New Westminster, BC protect your business from any potential threat that may occur to your assets and investments. It protects against financial losses due to unforeseen circumstances and helps businesses stay afloat in times of crisis.

What Is Covered In A Business Insurance Policy?

The list of items that are covered in specific business insurance depends largely on what type of business setup you have. 


Property Damage Coverage

It protects businesses if the property is damaged or destroyed due to unexpected events such as fires, storms, or vandalism.

General Liability Coverage

It is designed to provide financial protection for businesses in the event they are sued or held liable for damages caused by their operations.

Workers Compensation

It protects employers and employees in the event of a workplace injury or illness. It covers medical expenses, lost wages, and other costs associated with the injury or illness.

Commercial Auto Coverage

It protects businesses in the event of a car accident, theft, or other damage to their vehicles.

Business Income Coverage

It protects against loss of income due to unforeseen circumstances so that businesses can run smoothly without any interruptions.

Transit Cover Coverage

This type of coverage protects goods and services while they are in transit, ensuring that any losses that occur due to theft, damage, or other causes can be compensated for.


Frequent asked questions

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If you have a family who you look after then this is for you. Life insurance is like a savings which you make for your loved ones. After you die, the beneficiary can take up that money for survival. It is better to take life insurance as early as you can. This helps you in lowering the premium. By paying a low premium you can avail of the same facilities which the high premium payers avail. The agents at our company don’t collect any extra charges. Life insurance considers suicidal events as well. The terms and regulations for such events vary. If someone commits suicide, there are different criteria for it. You can read the policies and can find suitable insurance for yourself. You can easily get the coverage by filing a claim in our company.

Both children and adults can go for health insurance. The age limit for a child plan is 16 days to 18 years. An adult can enter into a health insurance plan up to the age of 70 years. Health insurance helps you in paying off the huge hospital bills. Not everyone can bear medical expenses. Generally, medically unfit people have to pay a high premium. Also, if you have smoking and drinking habits then you are bound to pay more. It is empirical that these habits will damage your body. The amount of premium you pay is determined based on various factors. These factors include your age, height, weight, health status, etc.  You can avail of an insurance plan through our online portal as well.

The amount of insurance coverage determines the premium. Even if you get late in paying the premium, a grace period is provided. But it shouldn’t become your habit. We don’t penalize you for late premium payments. The policy ceases if you don’t pay the premium of the term policy in the grace period. If you have made double payments then we refund the extra money. This process requires a considerable amount of time. No sooner did we refund the money, it reflects in your bank account instantaneously.

Yes. The insurance underwriters need to know the amount of your income. This amount helps in determining a suitable insurance plan for you. You might choose a plan with high coverage. High coverage plans require high premiums. You might not have the potential to pay the premium amount. Insurance exists to secure your life and not to put you in danger. This is the reason why we ask about your family history. Calculation of the property and assets you own determines your net worth. We at Hyde Park Insurance make this evaluation process easy for you. You can meet almost all the financial obligations with an appropriate insurance plan.

Do You Need To Purchase Business Insurance If You Have A Home-Based Business?

Even if you are doing your business from home, you still need to have business insurance. Your home insurance policy may not cover activities that may be related to your business.

For example,
If you run a cake business from your home and someone gets sick while eating your cake then your home insurance policy will not cover this aspect. You need to have a business insurance policy for making any claim.

Find The Best Business Insurance Coverage Through Hyde Park Insurance

Call our expert local brokers.

Tell us thoroughly about your business project.

Our brokers will shop around to find the best business coverage.

You get the business insurance policy.

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