Questions About Business Owner's Package
We answer the most common questions about our Business Owner's Package.
Q: Why should I choose a Business Owner's Package instead of purchasing individual policies?
A: RBC Insurance® designed the Business Owner's Package specifically to meet the most common needs of small and medium-sized businesses. By bundling all your commercial insurance, you will receive a more cost-effective policy—in a shorter turnaround time—than if you were to purchase each product individually.
Q: How can I determine how much business insurance I need?
A: Several factors can affect your coverage and premium. When you call RBC Insurance at 1-877-917-6925, we can connect you with a commercial insurance specialist who will assist you in reviewing and assessing your insurance needs.
Q: Why would I need general liability insurance?
A: General liability insurance can protect your business from a variety of liability exposures, including unintentional injury to a customer caused by an accident on your premises or by your product.
Q: Are my premiums calculated as a bundled package or per individual business insurance coverage?
A: You will pay one premium for your entire Business Owner's Package, unless you also include commercial auto insurance in your package. In that case, you will pay two premiums: one for your commercial auto insurance and one for all other coverages in your package.
Q: Can I insure my revenue rental property?
A: Yes, but there are eligibility requirements. When you call RBC Insurance at 1-877-917-6925, we can connect you with a commercial insurance specialist who will assist you in reviewing the requirements.
Q: What's the difference between crime insurance and commercial property insurance?
A: Crime insurance covers actual "money" losses due to robbery, employee dishonesty (e.g., employee theft of cash), forged cheques, counterfeit money, etc. Commercial property insurance covers property your business owns and is damaged due to robbery, burglary, etc.
Q: I'm the sole proprietor of a small retail shop. Why should I consider the Business Owner's Package?
A: First and foremost, the Business Owner's Package is a very cost-effective choice for comprehensive business insurance coverage.
As a retailer, you might be especially interested in the package's general liability protection, which covers customer claims arising from accidents on your premises.
Q: I just bought a restaurant. How can I justify the cost of the Business Owner's Package?
A: Starting a restaurant can mean a sizeable financial outlay. The Business Owner's Package is a very cost-effective choice for comprehensive business insurance coverage.
Consider the significant financial impact of a kitchen fire that temporarily shuts down your restaurant. Commercial property insurance would cover repairs for insured damages and business interruption insurance would allow you to continue meeting your payroll and cover your business expenses.
Q: After years of working for someone else, I've opened my own small plumbing repair company. Is the Business Owner's Package a good choice for me?
A: You've probably discovered that starting and growing a business can take up almost all your time. We created the Business Owner's Package with people like you in mind.
The Business Owner's Package bundles your most essential business insurance coverage into a single solution. You get a cost-effective policy that specifically addresses your business's risk management needs. You can even customize and purchase your policy over the phone for added convenience.
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