We provide business insurance services across Ontario, Canada.
With every client, our priority always is to craft a policy that adequately insures the business while maintaining a competitive cost.
Apply for the right insurance coverage for your small business
Business Insurance also known as Commercial Insurance and Liability insurance for small businesses is a coverage that provides financial protection to business owners in the event they get involved in a lawsuit by clients or third parties as a result of accidents, injuries, and damages that occur during a business’ day to day operations.
Basic types of coverages included in a standard BOP (Business Owners policy)
General Liability Insurance – This coverage protects businesses, small or large, against liability insurance claims that rise out of property damage, injuries to third parties or clients, accidents, and legal bills that accumulate as a result of being involved in a lawsuit.
Commercial Automobile Insurance – Most business owners use their personal vehicles for business purposes. A personal automobile policy is not sufficient in providing coverage when it comes to the vehicle being driven for work as there personal auto policies may exclude commercial use for the vehicle. Commercial Auto Insurance provides extensive coverage that extends to providing coverage for claims and lawsuits that arise out of automobile use.
As your business starts growing
When businesses start growing, the need for additional coverage starts increasing. A basic liability and commercial auto policy in most cases no longer becomes sufficient as with the growth, come new risk exposures, which need to be adequately insured. Employees and the type of jobs the business undertakes can require additional and sometimes specific coverages to maintain full protection. Unfortunately, these specific coverages are not offered by a basic BOP policy.
This is where your broker puts together a comprehensive Business Owners Policy package that consists of additional coverages and extended limits. Below you will find additional coverages that are commonly present in a Comprehensive BOP package.
Property Liability Coverage – This coverage provides protection for your building in which the business operates along with the personal property inside it. Both of these assets are not covered by a standard liability policy as a basic liability policy provides coverage for other people’s property, not your own.
Business Income Interruption Protection – If your business in unable to operate, due to an insured peril (exposure) under the policy, business income interruption insurance triggers and provides coverage for the loss of income for the time the interruption lasts. This coverage can also extend to providing reimbursement for expenses such as rent and employee salaries which continue to exist while the business is not in operation.
Professional Liability Insurance (E&O) – If your business offers professional advise or services to the public in exchange for remuneration, they are at risk of a potential errors and omissions insurance claim which may arise as a result of an employee’s negligence, errors, or mistakes. A PLI policy can be endorsed on to a BOP package by advising your broker of the exposure. There is additional cost to doing this, but the coverage is well worth the dime.
In Ontario, business owners must register their employees with the appropriate workers compensation insurance plans and pay the premiums to ensure employees are protected in the event they are injured or become ill while conduction business operations.
If you are a contractor, we can offer a stand-alone general liability policy
Since construction professionals, in most cases, may not require a comprehensive BOP package, we can arrange a custom stand-alone general liability coverage for contractors. Learn more about contractors insurance.
Business Insurance Cost
The cost of business insurance is determined by many factors. To name a few factors that determine premium rates for a business, insurance underwriters often look at:
- Type of industry
- Number of employees
- Type of operations
- Revenues
- Past claims
- Number of years in the business
- Insurance company loss ratios
To get a concrete quote, it is always best to speak to an insurance broker who has industry experience and access to insurance markets for your business. You can request a quote and get in touch with an Ontario licensed insurance broker or read our guides on how to get a business insurance policy and checklist of information you will need to provide before applying for a quote.
Types of business insurance we provide:
We cater to businesses of all sizes. Whether you are small mom and pop shop or a corporation with 100’s of members, we have the markets.
Start today
We are here to help. You can call us toll free 1-888-480-7677 or begin by requesting a quote by clicking below.
Other useful information regarding business insurance
- Business Insurance Cost
- How to get Business Insurance
- Getting a Business Insurance Quote
- Do I need to get Liquor Liability Insurance?
- What is the difference between occurrence and claims-made policy coverage?
Other types of insurance we provide:
Errors and Omissions Insurance
Errors and Omissions Insurance (E&O Insurance) protects professionals & their businesses financially if they get sued because of negligence, errors, mistakes, and other reasons. This insurance is also called professional liability insurance & professional indemnity insurance in Ontario, Canada.
Frequently asked questions before buying an E&O Insurance Policy
- What does an errors and omissions insurance policy cover?
- Does my business require errors and omissions insurance coverage?
- What does errors and omissions insurance cost?
- How can I lower my E&O insurance cost?
- For does E&O insurance for independent contractors I work with work?
- What does an E&O Insurance policy not cover?
- Why do some of my clients require that I have an E&O insurance policy in place prior to working with me?
- What is a certificate of errors and omissions insurance?
- What if I want to cancel my E&O insurance coverage?
Professional Liability Insurance
Professional Liability Insurance also known as Errors and Omissions Insurance (E&O) and Professional Indemnity Insurance is an insurance coverage that financially protects professionals in the event they get sued by clients or third parties that incur financial damages or losses as a result of the service provider’s negligence, errors, and or mistakes.
FAQ Regarding Professional Liability
- How much professional liability insurance coverage do I need?
- How do I get a pli policy?
- What does professional liability insurance cover?
- What is the difference between claims made & occurrence form of coverage?
- When will I need to be insured?
- Who needs professional liability insurance?
Disability Insurance
You biggest asset in life is your earning ability. If you are unable to work, you will need to rely on either your savings or borrow money to sustain your lifestyle. When these unfortunate circumstances occur, dependents and spouses are also impacted financially and emotionally.
Disability insurance coverage will provide you a monthly income benefit, usually totaling 70% to 80% of your income, when you are unable to work for a period of time due to injury or illness.
Types of Disability Insurance we offer
- Long-Term Disability Insurance (LTD)
- Short-Term Disability Insurance
- Key Person Disability Insurance
- Self Employed Disability Insurance
- Mortgage Disability Insurance
- Temporary Disability Insurance
- Supplemental Disability Insurance
Other Disability Insurance Resources that you can read
- Are Canadian Disability Insurance Premiums Tax-Deductible?
- Will My Long-Term Disability Income Be Taxable?
- Dealing With Elimination Periods For Short And Long-Term Disability Insurance
- Pregnancy And Disability Insurance
- Who Pays For Disability Insurance?
- Why Employers Offer Disability Insurance
- Maternity Leave And Disability Insurance Benefits
- How Long Do Long-Term Disability Benefits Pay?
- How Much Does Long-Term Disability Insurance Cost?
- Is Disability Insurance Worth It?
- How Much Disability Insurance Should I Get?
- What Does Disability Insurance Cover?
- What To Look For In Disability Insurance?
- Do I Need Disability Insurance After I Retire?
- Does Disability Insurance Cover Pre-Existing Conditions?
- How Does Disability Insurance Work?
- How Long Does Long Term Disability Insurance Pay?
- Is Wage Loss Insurance The Same As Short Term Disability?
- When Does Long Term Disability Insurance Start?
- Can You Buy Your Own Short Term Disability Insurance?
- Can You Get Disability Insurance If You Are Unemployed?
- Can I Buy My Own Short-Term Disability Insurance?
- Can You Get Individual Short Term Disability Insurance?
- Are Credit Cardholders Insured By Disability Insurance Plans?
Contractors Insurance
Contractors liability insurance protects construction trades and their workers in the event lawsuits arise as a result of damages. It is best to acquire at least $2 million worth of coverage. Rates starting as low as $500/year.
We also provide Builder’s Risk Insurance for contractors and builders. This insurance provides financial protection to property owners, subcontractors, and general contractors during the construction of the project.
Frequently asked questions before buying contractors insurance
- Do I Need Contractors Insurance to be able to work in Ontario?
- How Much Contractors Insurance Should I Have?
- How Much Does General Liability Insurance For Contractors Cost?
- What Is Contractors Liability Insurance?
- Are Contractors Required To Have Insurance?
- What Does a Contractors Insurance Policy Cover in Ontario?
- Are the Subcontractors I hire Covered Under My Contractors Insurance Policy?
- As a Contractor Do I Need Professional Indemnity Insurance?
- Do I need insurance even if I am an Independent Contractor?
- How to Become an Approved Contractor for Insurance Company Jobs
Surety Bonds
Please find below construction surety bonds that we offer.
- Bid bond
- Performance bond
- Labour and materials bond
- Payment bond
- Site improvement bond
- Surety’s consent to agreement
- Subdivision bond