Nova Scotia Business Insurance

Safeguard your company with Nova Scotia commercial insurance

At Acera Insurance, we understand how much time and energy goes into managing a successful business. Our commercial insurance brokers have years of experience supporting companies of all sizes, across several different industries. We work with top insurance providers to find innovative and effective insurance solutions to meet the needs of your business.

When working with an Acera Nova Scotia commercial insurance broker, you are collaborating with a trusted partner. We are your experts and advocates. As industry experts, we specialize in helping your company mitigate risks. Our team looks out for your best interest. We set you up for success by working with you to develop risk management strategies and providing you with financial and legal protection through securing the best insurance coverage for your company.

Types of business insurance in Nova Scotia

With decades of experience providing commercial insurance solutions to businesses of all sizes, you can trust the experts at Acera Insurance. While each company is unique and requires customized risk management solutions, there are some key commercial coverages most company’s need to get started. For your reference, we’ve put together the most common business insurance coverages in Nova Scotia.

Nova Scotia General Liability Insurance

Commercial general liability is one of the most commonly purchased liability coverages. Also known as CGL insurance, this coverage helps off-set costs associated with injury or property damage that occurred while on your company premises. 

Nova Scotia Professional Liability Insurance

Professional liability or errors and omissions (E&O) coverage offers valuable financial protection for companies that provide professional advice or services. In the event a client sues you for financial loss they believe was caused by your professional guidance, an E&O policy would help cover the legal expenses required to defend yourself.

Nova Scotia Commercial Property

Commercial property insurance ensures you have protection for your company’s physical assets. This includes the building you operate from, as well as any of the contents inside, such a furniture, equipment or inventory. It is an essential coverage for any company with a brick-and-mortar store.

Nova Scotia Commercial Vehicle Insurance

If your company owns or leases any vehicles and driving is a part of your business operations, you need commercial auto insurance. Commercial auto insurance can provide you with similar coverage to your personal insurance, such as third-party liability, collision, comprehensive, uninsured motorists coverage and more. Since there are many differences between personal auto and commercial auto coverage, it is always best to speak to a commercial advisor. They will be able to walk you through the differences in coverage, as well as outline an eligibility criteria required or policy exclusions you should be aware of.

Nova Scotia Cyber Insurance

Cyber risks are increasingly on the rise. No matter the size of your business, your company can fall victim to a data breach or cyberattack. Commercial cyber insurance provides compensation for costs related to cyber extortion, business interruption, reputation recover, and legal expenses.

Risks for businesses in Nova Scotia

Natural disasters and severe weather

While undoubtedly stunning to behold, the scenic coastlines of Nova Scotia can sometimes come at a cost. Unfortunately, hurricanes, storm surges, and flooding can often occur depending on the time of year. Businesses may face increased property damage, as well as interruptions and financial losses from halting operations to content with weather-related damages.

Cybersecurity and data breaches

With more and more businesses utilizing digital systems to conduct business, cyberattacks are becoming increasingly common. Small businesses in Nova Scotia may also be particularly vulnerable to cyber threats due to often limited cyber security resources.

Supply chain disruptions

Nova Scotia relies heavily on trade, and supply chain disruptions – whether due to weather, port delays or global issues – can severely affect retail, industrial and manufacturing industries. Any delays or interruptions can have a domino effect and lead to increased losses with decreased revenue. Without the right insurance, this financial strain can be catastrophic to the health of your company, especially to small to medium size businesses.

Environmental liability

Businesses involved in fishing, forestry and manufacturing should be certain to secure environmental liability insurance. It is especially important for these companies to be mindful of proactively avoiding situations where contamination and environmental damage occur – resulting in significant fines and substantial cleanup costs.

Economic and market risks

Economic fluctuations, rising premiums and inflation can be particularly challenging for Nova Scotia businesses. Increased operational costs can challenge profitability and means a proper risk management strategy is incredibly important for continued success. The tourism and hospitality industry, a vital part of many local economies, is vulnerable to changes in consumer behaviour, seasonal demand and a spending economy.

Businesses in Nova Scotia benefit from working with an insurance risk management specialist to ensure they have adequate coverage, including property, liability, cyber and other specialized policies tailored to their industry.

Average cost of business insurance in Nova Scotia

In Nova Scotia, the cost for commercial insurance varies based on a few key factors related to your specific business and operations.  Some of these determining influences include:

Learning what exactly you can anticipate paying for your commercial insurance policy in Nova Scotia is both easy and convenient with Acera Insurance. To get started, connect with us today. One of our commercial insurance experts will simply gather a few key pieces of information. Then, they will get to work on researching your best options. The result? You receive a detailed estimate and advice on the coverage options most applicable to your business.

To claim your free estimate, contact one of our local Nova Scotia commercial insurance brokers.

Benefits of partnering with commercial insurance brokers in Nova Scotia

As one of Canada’s largest, independent and employee-owned brokerages, our team puts your company’s business needs first and foremost. We work exclusively for you, our clients, not an insurance company. Since your success is our success, we pull out all the stops to ensuring we provide the most cost-effective and innovative commercial insurance solutions possible.

When you work with an Acera Insurance commercial advisor in Nova Scotia, you can count on the following:

• We will get to know the ins-and-outs of your company’s insurance needs
• We will use our industry reach to shop the market on your behalf
• We will find you the best commercial coverage at the best price possible
• We will share our risk mitigation expertise to offer free advice and recommendations
• We will provide you with exemplary customer service
• We will advocate on your behalf in the event of a claim

With over 60 years combined experience, the team specializes in all lines of insurance with a heavy concentration on the commercial sector. Our success has been driven by working hard for our clients. Give us a call or submit a quote online to learn more about what you can accomplish with an Acera broker on your side.

Nova Scotia commercial clients get discounted rates on their personal home and auto policies

At Acera Insurance, we value the relationships we have built with our clients and are always looking at ways to improve their experience or find them additional opportunities to save on their insurance. With this goal in mind, our team is offering Nova Scotia commercial clients the chance to save between 10 to 25% on their personal auto and home insurance as well.

If you are a commercial client of our Lower Sackville office, you can save big on your personal home and auto. Employees of our commercial clients also qualify for this same group discount. The exact amount you are eligible to save will vary and is based on your group.

Start paying less on your home and auto insurance, when you place your business insurance with one of our trusted commercial advisors. Contact one of our Nova Scotia brokers to learn more.