#SmallBiz Insurance Roundup: February 10, 2023

Does Your Business Need Fleet Vehicle Insurance?

The most affordable and effective way to protect small businesses with five or more vehicles is with a fleet car insurance policy.

Also called commercial fleet insurance or fleet vehicle insurance, it protects multiple vehicles a company owns, whether those wheels are used to deliver finished goods, transport raw materials and equipment, or shuttle people from one location to another.

Whereas commercial auto insurance covers damages to a single vehicle and driver and passenger injuries, fleet vehicle insurance is designed to provide the same protections for multiple vehicles you own.

Read our in-depth guide on fleet vehicle insurance, what it provides, and how to keep the cost of your premium low.

Here’s Why Yoga Teachers Need Liability Insurance

Yoga teachers lead their clients through the physical and mental discipline of meditation and body postures that can help improve their lives.

Yoga has many benefits: increased flexibility and strength, weight reduction, improved cardio and circulatory health, stress relief, sharpened mental focus and can help boost one’s immune system. As a yoga teacher, you’re a fitness and wellness instructor who guides your clients through various poses or asanas.

Despite the many benefits, your clients may suffer a physical injury that can put your livelihood at risk. 

Here’s how you can protect yourself.

What Is a Loss Payee in Business Insurance?

When trouble or tragedy strikes, if you have a business insurance policy, you can relax knowing after filing a claim that your insurance provider will reimburse you for the damage or loss your small business suffers after the claim has been approved. 

But you might be one of many recipients of a claim settlement payment from your insurance provider if a loss payee is listed on the policy.

So, what is a loss payee? How does it differ from an additional insured?

How to Start a Business in Ontario

Are you ready to go from employee to entrepreneur? 

Small business owners drive the Ontario economy. They make up 97.7% of the businesses in the province, and that doesn’t include the more than 1 million Ontario workers who are self-employed. They may be small businesses, but their impact is enormous.

Here’s how to get ready to make an impact with your new business endeavour.

9 Business Grants and Loans for Women in Canada

Money may not be everything, but it is the oxygen that breathes life into startups and entrepreneurial ventures.

For Canadian women entrepreneurs who endeavour to bring their business ideas and strategies to fruition, getting the funding they need to kickstart their companies can be daunting. 

Although business grants and loans are available to women in Canada, determining the best option to fund your startup and whether or not you qualify for them can be challenging.

Check out these nine business grants and financing options geared toward women entrepreneurs.

Do Event Planners Need Insurance?

As an event planner, you have a lot of responsibilities. You are expected to coordinate, execute, and promote events to make your client shine bright while not breaking the bank and hopefully attracting lifelong fans to your client’s organization. That’s a tall order, and a million little pieces need to fall perfectly in place for your event to go off without a hitch.

But let’s face it. There’s always a hitch, with risks involved every step of the way.

Business insurance is necessary for any event planner so they can focus on their next big event, not an unexpected accident.