In today’s fast-paced business environment, having adequate insurance is essential. It brings peace of mind and can be a lifesaver when the unexpected occurs. One option for small business owners in Canada is Zensurance Commercial General Liability Insurance. Let’s delve into a review of this product.
At first glance, Zensurance appears dedicated to the needs of small businesses. They offer a modern, simplified approach to insurance, quite different from traditional providers. Launched in 2016, they have grown to be a key player in the Canadian market.
Notably, Zensurance brings together over 50 leading Canadian insurance providers. This impressive network is a boon to customers as it fosters a competitive environment, promoting cost-efficiency. Customers can save up to 35% on their insurance premiums – a significant saving that any small business owner would appreciate.
Zensurance also simplifies insurance purchases. You can get your coverage conveniently online, a definite plus for busy business owners. However, this strong online focus might not be ideal for everyone, particularly those who prefer in-person interactions. Also, if you’re seeking comprehensive online tools and features, you might find Zensurance’s online facilities somewhat limited.
Customization is another advantage. Zensurance uses data and analytics to identify the right insurance policies for your business. However, pricing can fluctuate because it is tied to specific business details like years of experience and projected revenue. Consequently, budgeting could be a challenge.
One significant downside is the limitation in coverage. Commercial general liability insurance doesn’t cover certain areas, such as contractual liability or intentional criminal acts. You’ll need to purchase additional coverage for these. And although Zensurance partners with many top insurance providers, the availability of discounts depends on various factors. So, the promised savings of up to 35% might not always be applicable.
Geographically, Zensurance operates solely in Canada, excluding businesses outside Canada from availing of its services. Another downside is the lack of a long company history since Zensurance was only established in 2016. Potential customers seeking a provider with a long track record might be deterred.
Despite these drawbacks, Zensurance still offers a good deal. Small business owners can enjoy cost savings, convenience, and customized policies. The partnerships with leading insurance providers ensure comprehensive coverage, so your business is well-protected.