Small Business & Entrepreneurs

The Venture Division is a specialized small business unit created to address the specific insurance needs of entrepreneurial small businesses from both a new business and a servicing standpoint.

The Venture Division has the markets and experienced agents to secure a quick and competitive option for your business insurance. We work extensively with independent contractors, small retail shops and building owners, however we also support the following industries to name a few.

Coverage is available for:

  • Electrical Contractors – Residential & Commercial
  • Carpenters
  • Wedding Planners
  • Pet Shops & Grooming
  • Course of Construction / Builders Risk
  • Beauty Salons & Barber Shops
  • Catering / Food Truck
  • Realty / Building Owners
  • Small Retail Shops
  • Pet Sitting & Walking
  • Pet Kennels and Boarding
  • Photography & Videography
  • Educational Consultants
  • Plumber & Heating Contractors
  • Craft Brewery
  • Technology Firms
  • Restaurants

Property Management & Real Estate Insurance

Waypoint is the trusted insurance partner of many strata corporations across British Columbia. Coverage is arranged with a collection of some of Canada’s largest, most stable insurers with the aim to provide affordable coverage solutions for strata corporations, solutions that meet or exceed requirements laid out in strata property legislation.

Insights

Coverage is available for:

  • General Liability exposures
  • Common assets and property, buildings, equipment, and fixtures built/installed on the plan at construction
  • Additional coverage to replace lost or damaged property with environmentally friendly upgrades
  • Additional perils like Sewer Backup, Water Damage, and Earthquake
  • Residential and commercial strata plans

Coverage is available for:

  • General Liability exposures
  • Common assets and property, buildings, equipment, and fixtures built/installed on the plan at construction
  • Additional coverage to replace lost or damaged property with environmentally friendly upgrades
  • Additional perils like Sewer Backup, Water Damage, and Earthquake

  • Residential and commercial strata plans

Why Choose Navacord?

Local Touch, National Strength™: Founded in British Columbia over 150 years ago, Waypoint Insurance has deep roots in the communities we serve. As part of the Navacord group, we leverage our national relationships with key insurance carriers to offer the best value for your investment.

Our venture team specializes in the small businesses, providing tailored solutions that address the specific risks and exposures faced by businesses in this sector.

Some Frequently Asked Questions:

Generally, it is best to request a quote 30 days prior to the desired effective date of the policy. Most commercial insurance quotes are only valid for 30 days, and some carriers will decline to provide a quote for effective dates that are too far in the future.

For a commercial general liability quote, please be prepared to provide a full description of your businesses operations and provided services, as well as your projected gross annual revenue for the coming year. For property quotes, we will require full construction details on any premises you own, lease, rent or occupy that is going to be used as part of your business operations. This includes, but is not limited to, the year it was built, construction type, square footage of the building and occupied unit, as well as all heating, plumbing, electrical, and roof information, including the date of last updates to these systems for buildings older than 25 years.

We can work with you to obtain the right coverage.  If you are new to carrying a commercial insurance policy, your first annual policy will be payable in full and 100% minimum retained (non-refundable).

Commercial Insurance policies at Waypoint start at $750 annually, however this premium varies depending on your businesses operations and coverage selected.

We can have a quote ready in as little as 24 hours, however in most cases it takes anywhere from 2 to 7 business days, with more complicated businesses taking more time to discuss with underwriters. This also greatly depends on the number of requests each carrier has received that week, and any resultant back-log due to this.

Policies are sold on an annual basis.

Please let our team know and provide a copy of your current policy.  With a copy of your policy we are able to quote for comparable limits and coverages so a fair comparison can be made. This also allows us to advise you if it is worth the time and attention the quoting process can take, or if you are already paying a competitive premium.

If so, please go to www.waypoint.ca/personal/special-insurance/special-event-insurance/special-events-quote/www.palcanada.com.  You can purchase and pay for the policy entirely online!

Quite a few associations offer commercial general liability coverage to their members.  These polices are usually tailored specific to the business at a very competitive premium from a market we cannot access, and a price that we are usually not able to compete with.

The Navacord Advantage

Solid Insurer Relationships: Our strong relationships with insurers allow us to secure optimal coverage for your business, ensuring you receive the best products and customer service the insurance industry offers

In-House Risk Management Team: Our dedicated risk management team will help you evaluate your operations and prevent losses, providing proactive advice and support to keep your business running smoothly.

Exceptional Client Service: We pride ourselves on delivering exceptional client service. Our dedicated advisors are committed to servicing your account and providing personalized support every step of the way.

Commitment to Excellence

As a leading insurance brokerage in Canada, Navacord is uniquely positioned
to offer industry-specific coverage and tailored benefits solutions for your business. Whether you
operate a small manufacturing unit or a large-scale plant, we have the expertise and resources to
protect your business from a wide range of risks.