Small Business Insurance

Canadian small business insurance policies can seem intimidating. There

are many different insurers offering coverage and there are a variety of insurance coverage’s. The terminology of the policies can be overwhelming. This makes deciding what coverage is necessary (and what insurance company to buy from) seem like a daunting task.

With a good broker you can take advantage of the fact that there are numerous insurers!

How Can You Find Good and Affordable Canadian Small Business Insurance?

Small business owners understand the need for small business insurance coverage. You know that that an event like a fire, windstorm, or theft, could set you back significantly or even threaten your ability to keep the business open. You also understand that an injury or property damage to one of your clients could lead to an expensive lawsuit. You understand that insurance is a necessary cost of doing business. Forgoing it just isn’t worth the risk.

It is finding coverage and understanding it that is another story. And knowing if the premium paid is fair is another common concern. Again, a good broker can help you with this!

Have A Business Insurance Broker Work For You!

Insurance brokers help business owners like you to take advantage of the fact that there are many different insurers in the marketplace. You know your business inside and out, but time is at a premium, that is where an insurance broker comes into the picture.. A good broker knows the insurance market and will find you great coverage at an affordable rate.

A good insurance broker will visit you at your business so that they can fully grasp your insurance needs. Once the broker has a good idea of your needs the market can be shopped for a Small Business Insurance policy that meets your needs and budget.

The broker will have several companies to go to and will be able to negotiate the best possible premium for your needs. The brokers experience will save you time and money. 

Insurance for Small Business in Ontario Coverage

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This is an overly simplified summary of typical coverage that a small business owner might need:

  • Business Property : Buildings, stock, equipment, tools
  • Commercial General Liability: liability losses connected with your business
  • Tenant’s Legal Liability: if you rent space
  • Business Interruption : lost income due to a claim related shut down; or extra expenses
  • Accounts Receivables : uncollectible accounts due to loss or damage to records
  • Valuable Papers: Loss of valuable papers
  • Crime and Fidelity Coverage: theft by your own employees (for example)
  • Employment Practices Liability: financial protection from lawsuits brought by current employees for harassment, wrongful dismissal, discrimination and the like

Coverage’s, deductibles and policy limits must be chosen carefully. A review of the policy with a qualified insurance broker is important. 

Do You Qualify For a Special Package Policy?

There are a few different types of small business liability insurance and business property insurance packages. They have very competitive coverage and great rates. If you are in one of these businesses and from Southern Ontario you should not hesitate to Contact me for a quote. The typical packages come in the following broad categories:

These packages offer standard coverage’s with optional additions and increased limits of insurance are available. These make it more convenient to buy insurance as all of the common small business liability and property insurance coverage’s required are included automatically.

Return to Business Insurance Canada (leave Small Business Insurance)for more business insurance information.

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

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