Commercial Insurance for Ontario Businesses
Tailored coverage for your business
Protecting your business assets is key to long-term stability. Insurewise is an independent broker in North York, Toronto. We help small and medium Ontario businesses compare commercial insurance options from the insurers we work with, so you can protect your business against the risks and liabilities that matter to you.
Business insurance is also called commercial insurance. Either way, we start with how your business works.
Business insurance from an independent broker
Our commercial insurance solutions are tailored to protect your business against various risks and liabilities. Because we are not tied to one insurance company, we can compare options and explain what each one does and does not cover.
The goal is simple: the right coverage for the way your business actually runs.
Types of business coverage
These are commonly arranged for businesses. What is right for you depends on your business, and availability depends on the insurer.
Commercial general liability
Generally helps with claims from third parties for injury or property damage arising from your business. Wording differs by policy.
Commercial property
Helps protect the building you own or the contents, stock and equipment you keep at your business premises, against covered losses like fire or theft.
Business interruption
May help replace lost income and cover ongoing costs if a covered loss forces you to close for a while.
Professional liability
Also called errors and omissions. May help if a client says your advice or services caused them a financial loss.
Cyber
May help with the costs of a data breach or cyber attack, such as notifying customers and recovering data.
Equipment
May help repair or replace tools and equipment that are damaged, stolen or break down, depending on the policy.
Who we help
We help small and medium businesses in Ontario. If you are not sure whether your business fits, call us and tell us what you do. We will tell you honestly what we can arrange.
How to get a business insurance quote
Start with a call or the quote form. It helps to have this ready:
- What your business does
- Your annual revenue range and number of employees
- Property or lease details
- Your claims history
- Your current renewal date
We will ask follow-up questions based on your business, then compare options for you.
Questions that shape a business insurance quote
Insurers weigh your answers differently. These are the things that tend to matter:
- What your business does and what could go wrong in it
- What it would cost to replace your property, stock and equipment
- Whether you own or rent your premises, and where they are
- Your claims history
- Whether a contract, lease or client asks you for proof of insurance
- The coverage and deductible you choose
Market conditions also play a part. We will ask what we need, then compare options for your business.
Bundling with personal insurance
If you are a business owner, it can help to look at personal and business coverage together. Ask us about your home insurance and auto insurance at the same time. You may also want to talk to us about financial services for savings alongside your business.
Coverage, eligibility and pricing depend on the insurer's underwriting and the policy wording. Information on this site is general and is not a quote or a policy.
Related coverage
- Auto insuranceCars, trucks, vans, motorcycles and other vehicles, with coverage built around how you drive.
- Home insuranceProtection for your house, your belongings and your liability if someone is hurt on your property.
- Financial servicesTFSA, RRSP and savings options to talk through alongside your insurance.
Business insurance questions
Still wondering about something? Call 416-383-0901 and ask, or see our contact page for the address and email.
It generally covers claims from third parties for bodily injury or property damage arising from your business, for example a customer who is hurt on your premises. The exact wording and exclusions differ by policy, so we will walk you through what yours says.
Home insurance often does not cover business activities. Whether you need a separate policy depends on what you do and what you keep at home. Ask us to review your situation and we will explain your options.
No. WSIB is a separate provincial system for workplace injury and applies to many, but not all, employers. Ask WSIB directly whether you must register. Business insurance covers other risks, and we can talk about which apply to you.
It depends on the business, so we cannot give a price without details. Insurers look at what you do, what it would cost to replace your property, where you are, your claims history and the deductible you choose. Tell us about your business and we will compare options from the insurers we work with.
It depends on what your business does and owns. Common types include general liability, property, business interruption, professional liability, cyber and equipment cover. Some businesses need only one or two. Tell us how your business runs and we will explain which types are worth a look.
Often, because clients, landlords and contracts commonly ask for proof of liability insurance. Whether it is required depends on your situation, so check your lease and contracts. Liability insurance can help if someone is injured or their property is damaged because of your business. Ask us what fits.
Vehicles used for business are treated differently from personal cars. Ask us about your situation and we will tell you what we can arrange and what you should check.
Sources: IBC, types of business coverage, IBC, how business insurance rates are set, WSIB
Get a business insurance quote
Tell us what your business does. We will come back with options and explain them in plain words.