What Does Business Insurance In Toronto Cost?
When you run a business in a major city, such as Toronto, it is easy to imagine all of the things that could go wrong. By protecting yourself with business insurance, you’re doing the most you can to protect your business from detrimental unplanned events.
Just as your business is unique, so too is the cost of insurance for it. When determining the price of your insurance premium, the size of your business, industry, and annual revenue is taken into consideration. On average, a small-business owner can expect to pay $450.00 a year on a $2 million liability insurance policy.
Many other variables will affect the price you pay, and it is always wise to overestimate how much coverage you need. Speak to your broker about customizing your policy to meet your specific business needs.