Small Business Insurance in Nova Scotia

In a world of complex insurance, choosing the right partner is your key to success.

Even businesses in similar industries can have diverse insurance requirements and different acceptable levels of risk. It can be frustrating trying to understand what is required by law, lenders, or contractual obligations, what is needed to minimize risk of loss so that your business can continue, and how much it should all cost.

Salvatore Insurance will work with you to understand your business, where your insurance needs are and how small business insurance can help keep your operation running as smoothly and as efficiently as possible. We offer a wide range of commercial business insurance products including:

  • Coverage for your building and its contents
  • Your general and professional liability needs
  • Vehicles
  • Employees
  • Data breach
  • Cyber liability
  • and more

The right commercial business insurance helps protect you from the unexpected so you can concentrate on your small business and continue to grow. The commercial team at Salvatore Insurance has years of experience and can help you find the right business insurance products to protect you and your business.

Running a business requires a significant investment of time and energy, protecting that investment is critical. As an independent, family owned insurance broker, we are business owners and understand the balance between mitigating risk and balancing costs. Our team will work hard to find the right products, and implement to right programs to help improve your bottom line, protect your balance sheet, and position your business to be competitive. We value each and every commercial partnership, and commit to treating each client with the utmost confidentiality and integrity.

How Can We Help You With Small Business Insurance?

Our experienced and educated team will be happy to set a meeting to discuss your small business and how to best protect you and your business. Every program we develop is customized to fit the need and risk level of each client. We tailor our strategies and services to compliment your company and fit your precise business needs.

Small Business Insurance FAQ

What is small business Insurance?

Small business insurance is an umbrella term used to describe common insurance policies designed to protect business owners from risks they may encounter, such as injuries, property damage, cyber-attacks, mother nature, and more.

What are the most common types of business insurance?

Commercial General Liability Insurance: covering costs associated with claims or lawsuits from third-parties claiming injuries or property damage.
Property Insurance: covering your business property such as building, contents, equipment, or stock.
Professional Liability Insurance: covering claims or lawsuits alleging negligence, misconduct, or failure to deliver a service.
Product Liability Insurance: covering claims or lawsuits for a third-party or property damage resulting from a product you sell/manufacture.
Cyber Liability Insurance: protecting you from cyber crimes that may result in compromised data.

Does my small business need insurance?

Small business insurance is not mandatory for you to operate your business; however, it can protect you from many of the common risks associated with owning a business- especially a small business when a claim or lawsuit may threaten or kill your business. Depending on your banking agreements, loans or professional liability protection requirements, you may need some form of business insurance. Contacting an insurance broker with significant experience will help you understand what might be required or recommended for your particular case.

What does “small business insurance” cover?

In general, small business insurance covers claims or lawsuits from third-parties. Your specific coverage will vary depending on the profession, industry, and operations. No two businesses are alike, and depending on your structure, industry or operation you may need specific coverages or support. Salvatore Insurance has decades of experience working with businesses to ensure they have the right amount and type of business insurance to protect your investment.

How much does “small business insurance” cost?

Several factors will determine the overall cost of your insurance. Industry, location, experience, and claims history will all help determine the cost. Based on your industry, business insurance may well be required by law which will make it more important than ever to have an insurance broker that you can trust to help you make the best decisions. Cheap insurance isn’t worth it if your business is crippled by foreseeable issues and knowing that your small or medium sized business has great insurance coverage is the best peace of mind there is!

How much does “small business insurance” cost?

Several factors will determine the overall cost of your insurance. Industry, location, experience, and claims history will all help determine the cost. Based on your industry, business insurance may well be required by law which will make it more important than ever to have an insurance broker that you can trust to help you make the best decisions. Cheap insurance isn’t worth it if your business is crippled by foreseeable issues and knowing that your small or medium sized business has great insurance coverage is the best peace of mind there is!

If I run my business from my car, do I still need business insurance?

Yes! A lot of small business owners think that they are covered by their personal auto insurance in the event of an automotive claim- but that’s not always the case. Whether you are a contractor driving between job sites, or a caterer making food deliveries, you my leave yourself vulnerable to costly losses if you don’t have the proper insurance in place. While you may sometimes be covered by someone else’s policies if you are working as an employee, if you are an independent contractor or similar you should certainly talk to an insurance broker to make sure that you have adequate and appropriate insurance coverage.

How do I get started with business insurance?

Looking into what business insurance can be an uncomfortable experience. Many of our customers may not have significant experience buying or evaluating different insurance options. Our easy to understand process will walk you through the various insurance options, and explain what risks could impact your business, and how to best protect yourself. There’s no cost to contact a Salvatore Insurance broker today and get the conversation started.

Is my business covered by natural incidents (like a flood, fire or wind)?

Many commercial insurance policies can cover damage to your building or business from natural events. It’s important to speak to your broker to clarify everything that your insurance plan covers. If you happen to work in areas or with materials that have a higher than normal risk for adverse damage from natural incidents, then clearly evaluating the risks is a critical first step. The Salvatore Insurance team has the experience and insurance markets to make sure you get the best possible insurance policy, specifically designed for your unique situation.

Does Salvatore Insurance offer customized coverage tailored to my business or industry?

Yes! Salvatore Insurance will work with you to help you determine where your insurance needs lie. We work to understand your business so we can help keep it operating smoothly, reducing risk and ensuring you are protected. One of the advantages of being a local firm, with decades of insurance experience, is the ability to understand what local businesses are going through. Our recommendations are also built around the details of your business, and the local conditions that present an opportunity to reduce risk, or that need to be considered to make sure you are protected.