The 6 Best Insurance Companies in Vancouver
Vancouver boasts a wide range of insurance companies, but selecting the best can be challenging. We’ve researched and compared top insurers, detailing their services, pros, and cons to help you make an informed choice.
For tailored advice on your business insurance needs, consider consulting one of Vancouver’s top financial advisors, whom we’ve personally reviewed.
How Much Business Insurance Costs in Vancouver
Here are the average costs for various types of business insurance in Vancouver. Note that insurance plans might have different names across providers but generally cover similar aspects.
Insurance Type | Average Cost |
---|---|
General Liability Insurance | ~$65/month |
Business Income/Interruption Insurance | ~$40 – $130/month |
Professional Liability Insurance | ~$97/month |
Workers’ Compensation Insurance | ~$111/month |
Data Breach Insurance | ~$140/month |
Commercial Property Insurance | ~$63/month |
Commercial Umbrella Insurance | ~$129/month |
Commercial Auto Insurance | ~$142/month |
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The Best Business Insurance Companies in Vancouver
We evaluated several insurance companies based on value, services provided, and customer service. Here are the top picks:
1. AMC Insurance Services
Products: Life, home, auto, condo, tenant, bike, travel, business, boat, marine insurance
Website: AMC Insurance
Address: 12888 80 Ave #120, Surrey, BC V3W 3A8, Canada
Contact: (604) 239-3164, Toll-free: (866) 350-8555, email@amcinsurance.ca
Hours: Mon-Fri: 9 am – 9 pm, Sat: 9 am – 7 pm, Sun: 10 am – 6 pm
Ratings:
- Value: ★★★★★
- Services Provided: ★★★★★
- Customer Service: ★★★★☆
AMC Insurance Services is renowned for its personalized insurance policies, thanks to its extensive partnerships with other insurers. This approach offers clients a wide range of options and customized plans, though it may take more time to finalize policies.
Pros:
- Partners with multiple insurers
- Focuses on personalized policies
- Large client base
- Multilingual agents
- Numerous branches
Cons:
- Time-consuming process for custom policies
- Not ideal for those seeking standardized options
Customer Reviews:
- “AMC insurance is my new home for all my insurance needs. The staff and especially Gopal Parmar are friendly and efficient. I insured my home insurance and found great coverages and discounts. I’ll also transfer my car and business insurance here.” — Jason S.
- “AMC Insurance is family-owned and can handle all your insurance needs. I highly recommend it!” — Vanshdeep S.
2. Co-operators – Tanious Insurance & Investment Services Inc
Products: Home, life, investment, business, farm insurance
Website: Co-operators
Address: 2630 E Hastings St, Vancouver, BC V5K 1Z6, Canada
Contact: 604 255-7747
Hours: Mon-Fri: 9:00 am – 6:00 pm, Sat: 9:00 am – 4:00 pm
Ratings:
- Value: ★★★★☆
- Services Provided: ★★★★★
- Customer Service: ★★★☆☆
Co-operators is a longstanding company with a broad range of business insurance options. Notably, their Privacy Breach coverage offers robust protection in the digital age. While generally reliable, some clients reported issues with customer service, especially close to closing times.
Pros:
- 24/7 claims support
- Dedicated financial advisors
- A- rating (S&P)
Cons:
- Some complaints about customer service
Customer Reviews:
- “Competitive pricing and excellent service. Highly recommend them for business insurance.” — Upasna Sharma.
- “Turned away before closing time. Poor customer service experience.” — Will Alabazo.
3. Habitat Insurance Agencies
Products: Property, business interruption, general liability, professional liability, product liability, commercial auto insurance
Website: Habitat Insurance
Address: 2152 Kingsway, Vancouver, BC, V5N 2T5
Contact: 604 438-5241, info@habitatinsurance.com
Hours: Mon-Fri: 9:00 am – 6:00 pm, Sat: 9:00 am – 4:00 pm
Ratings:
- Value: ★★★★★
- Services Provided: ★★★★★
- Customer Service: ★★★☆☆
Founded in 1978, Habitat Insurance Agencies offers a wide array of liability insurance plans and earthquake insurance, which is particularly valuable in Vancouver. However, there were occasional issues with customer service and misdirected calls.
Pros:
- Comprehensive liability coverage
- Earthquake insurance available
- Affordable pricing
Cons:
- Some issues with staff and communication
Customer Reviews:
- “Affordable pricing and consistent service. A reliable company.” — Colin Shandler.
- “Rude staff and poor customer service experience.” — Jenny Lam.
4. Westland Insurance
Products: Liability, small business, cyber, commercial property, business interruption, E&O, transportation, directors & officers insurance
Website: Westland Insurance
Address: 715 W 16th Ave, Vancouver, BC V5Z 1S8, Canada
Contact: (800) 899-3093, ContactUs@WestlandInsurance.ca
Hours: Mon-Thurs: 9:00 am – 5:00 pm, Sat & Sun: Closed
Ratings:
- Value: ★★★☆☆
- Services Provided: ★★★★★
- Customer Service: ★★☆☆☆
Westland Insurance is one of Canada’s largest independent brokerages, known for its extensive range of insurance solutions. However, customer service feedback is mixed, with some clients reporting negative experiences.
Pros:
- Catastrophe offices post-calamity
- Marine & boat insurance
- Earthquake insurance available
Cons:
- Mixed customer service reviews
- High-priced plans
Customer Reviews:
- “Great service and attention to detail. Highly recommend!” — Colin Shandler.
- “Overpriced and poor service. I’m switching providers.” — Michael Dowling.
5. Murrick Insurance Services (West End)
Products: General liability, commercial property, crime coverage, professional liability, mining risks
Website: Murrick Insurance
Address: #109-1030 Denman Street, Denman Place Mall, Vancouver, BC V6G 2M6, Canada
Contact: +1 604 681-5454
Hours: Mon-Thurs: 9:00 am – 5:30 pm, Sat: 9:30 am – 5:00 pm
Ratings:
- Value: ★★★★☆
- Services Provided: ★★★☆☆
- Customer Service: ★★★★☆
Murrick Insurance Services offers diverse business insurance options, including unique coverages like Boiler and Machinery insurance. Although they generally provide good service, some clients reported issues with inexperienced staff.
Pros:
- Offers specialized insurance
- Generally good customer service
- Good for small businesses
Cons:
- Some inexperienced staff
Customer Reviews:
- “Helpful and knowledgeable staff. Great service!” — Thelma Schrock.
- “Some staff need better training, but overall a decent company.” — James Fildes.
6. Perosa Insurance Agencies
Products: Commercial auto, property, general liability, umbrella, professional liability insurance
Website: Perosa Insurance
Address: 2740 Commercial Dr, Vancouver, BC V5N 5P4, Canada
Contact: +1 604 873 8900, perosa@perosainsurance.ca
Hours: Mon-Fri: 8:30 am – 7:30 pm, Sat: 9:00 am – 5:00 pm, Sun: 10:00 am – 4:00 pm
Ratings:
- Value: ★★★★☆
- Services Provided: ★★★★★
- Customer Service: ★★★☆☆
With over 40 years in the industry, Perosa Insurance Agencies provides comprehensive business insurance options. While they offer solid coverage, there have been reports of staff issues affecting customer satisfaction.
Pros:
- Free quotes available
- Commercial umbrella insurance
Cons:
- Issues with staff training and service
Customer Reviews:
- “Great service and accommodating staff. Highly recommended.” — André Tassé.
- “Staff attitude needs improvement. Service was average.” — Michael Dowling.
Each of these companies has its strengths and potential drawbacks. Assess your specific insurance needs and preferences to choose the best fit for your business.