Starting a business in British Columbia is exciting—but protecting it with the right insurance is just as important as your business plan. Many startups underestimate their risks, leaving them exposed to potential financial setbacks. Here’s a quick checklist to get you started 👇

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🛡️ 1. Commercial General Liability (CGL)

Protects against third-party claims of bodily injury or property damage—essential for almost every business.

🏢 2. Property Insurance

Covers your office, equipment, inventory, and furnishings against fire, theft, and other risks. Even home-based businesses may need specialized coverage.

💻 3. Cyber Liability

If you store client data, process payments, or operate online, cyber insurance helps cover data breaches, hacking, and compliance with privacy laws (PIPA/PIPEDA).

👨‍💼 4. Errors & Omissions (Professional Liability)

For consultants, tech firms, and service providers, this protects against claims of negligence, mistakes, or failure to deliver promised services.

🚚 5. Commercial Auto / Non-Owned Auto

If you or employees use vehicles for business, ensure coverage extends beyond personal auto policies.

👷 6. Workers’ Compensation (WorkSafeBC)

Mandatory in many industries, this covers employee injuries on the job.

📑 7. Key Person or Business Interruption Coverage

Helps keep your business running if disaster strikes or a critical team member is sidelined.

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✅ The Takeaway

Every startup is unique, but following this insurance checklist helps safeguard your hard work and investment from unexpected risks.

👉 BC entrepreneurs—have you reviewed your coverage as carefully as your business plan?

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