Commercial Insurance

Commercial Insurance

As careful as you might be, there are unforeseen events that can happen to every business.
Protect your hard work with a Commercial Insurance policy that fits your needs.

Join thousands of Canadian businesses that are already protected!

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Zen Man Protected With Commercial Insurance

Commercial Insurance for Canadian Entrepreneurs

If you’re a Canadian starting a new business, you’re probably thinking about the risks your business could face. Accidents can happen, anywhere, and at anytime, and as a business owner, you could be on the hook even when you’ve done nothing wrong.

This is why commercial insurance is so important.

Last year, insurance companies paid out over seven billion dollars in commercial insurance claims in Canada. Yeah, that’s a lot of money.

Let’s look at a couple of scenarios. A customer slips on the wet floor of your office, injures themselves, and proceeds to sue your business. One of your employees damages your client’s property while working on it, or a customer gets injured by a product that you sold. The risks can be endless.

Commercial insurance, also known as commercial general liability insurance, is the most basic insurance policy recommended for all businesses. If you want protection in the event of bodily injury or property damage to third parties, you should definitely get commercial insurance.

Depending on the particular needs of your business, you can add additional coverage on top of your commercial insurance policy. Cosverages such as professional liability, if you’re providing a service, commercial property coverage if you own expensive property and equipment, or cyber liability, if your business accepts online payments or stores electronic data.

To get your commercial insurance policy today and to find out what other insurance coverages your business may need, head over to www.zensurance.com, click on ‘Get A Quote,’ and simply start to type out the name of the industry that you work in, and that’s it. Based on your industry, we’re going to recommend the best policy for you and we will get you a price estimate. In case any additional information is required, one of our insurance brokers will be in touch with you to clear up some questions. It’s that easy and it’s that simple.

If you have more questions about business insurance in Canada, we have a number of different ways to help you. Go to the chat function on our website, send us an email at info@zensurance.com, or give us a call on our Canadian toll free number at 1 888 654 6030

What is Commercial Insurance?

Commercial insurance, also known as commercial general liability insurance (CGL), is an insurance policy that provide financial protection against common liability claims or lawsuits brought against you and your business.

Regardless of the industry you operate in, commercial insurance is essential to the long-term survival of your business.

Commercial Insurance Coverage

What does Commercial Insurance cover?

Commercial insurance provides coverage for common scenarios you may run into as a business owner, including:

  • Accidental injuries to customers or suppliers while visiting your office.
  • Off-site injuries or property damage caused by an employee (e.g., while visiting a customer).
  • Injuries caused by the products you create or sell (“product liability”).
  • Injury caused by libel or slander (also known as “reputational injury”).

A commercial insurance policy may cover legal fees, out-of-court settlements, medical expenses, and monetary judgements.

Commercial Insurance Required

Who needs Commercial Insurance?

Regardless of industry, every business has some level of risk. You need commercial insurance if:

  • You have clients or suppliers visiting your office or home office.
  • You or your employees visit clients or suppliers.
  • You manufactor or sell a physical product.
  • You rent an office or commercial space.
Commercial Insurance Costs

What is the cost of Commercial Insurance?

On average, a small- to medium-sized business owner can expect to pay $650 for a commercial insurance policy with a $1M limit. Much like insurance coverage, the cost of your insurance premium will vary based on several factors, including:

  • Industry
  • Level of Experience
  • Annual Revenue
  • Number of Employees
  • Location

Getting insured is quick and easy!

If commercial insurance is what you need, request a free quote now

Which Businesses Require Commercial Insurance?

Regardless of the type of business you own, commercial insurance is critical for almost any business including:

  • Accountants

  • Accounting Firm

  • Actuaries

  • Advertising

  • Aerial and ground based Photographers / Videographers

  • Alternative Energy

  • Architects & Engineers

  • Appraisers

  • Bookkeepers

  • Broadcasters

  • Building Designers (Bill 124)

  • Business Consultant

  • Chiropodists

  • Civil engineers

  • Collection Agencies

  • Consultants

  • Chiropractors

  • Design Firms

  • Directors and Officers

  • Employment Agencies/Recruiters

  • Engineers

  • Environmental Engineers

  • Energy Audits & Assessments

  • Financial Advisors

  • Financial Planners

  • Foreign Legal Consultants

  • Holistic Professional

  • Hotel Consultant

  • Home Inspectors

  • Human Resources (HR) Consultant

  • Immigration Consultants

  • Information Technology & Computer Consultants

  • Interior Designers

  • IT Contractor

  • IT Specialist/Technician/Programmer

  • Independent Contractor

  • Product Designers

  • Professionals Liability

  • Lawyer’s Excess Professional Liability

  • Management Consultants

  • Medical Related

  • Medical Professionals (Malpractice Insurance)

  • Medical Students (Malpractice Insurance)

  • Multimedia designers

  • Mortgage Brokers

  • Naturopaths

  • Occupational Health and Safety Consultants

  • Quality Control Consultants

  • Placement Agencies

  • Podiatrists

  • Process Servers

  • Private Investigators

  • Project Managers

  • Property Managers

  • Paralegals

  • Publishers and Printers

  • Recruitment and Employment Agency

  • Recruitment Consultants

  • Safety Engineers

  • Service Organizations

  • Solar & Wind Farm Engineers & Consultants

  • Staffing Agencies

  • Structural Engineers

  • Sub Contractor

  • Surveyors

  • Therapist Professionals

  • Training Providers/Trainers

  • Travel Agencies

  • Travel Agents, Tour operators

  • Excess & Umbrella Liability

  • Web-Site Designers

  • Web Developers

Common scenarios where Commercial Insurance is useful:

Commercial Insurance Canada Scenario

A customer visits your restaurant and injures themselves while walking up the stairs. Your coverage covers the legal and medical expenses, totaling $15,000.

Commercial Insurance for Contractors

While  renovating a client’s property, you accidentally damage a pipe, causing severe water damage to their hardwood floors. Your insurance covers the cost to replace and repair the damage, totaling $23,000.

Commercial Insurance

A manufacturing flaw in a product you sold caused your client’s toddler to choke. Your product liability coverage under your commercial insurance covers the legal expenses, totaling $17,000.

Frequently Asked Questions about Commercial Insurance

How much business insurance do I require?

Every business is unique. At Zensurance, we have curated several solutions that include comprehensive coverages and we are confident you will get the coverage you need through one of these packages.  If not, we’re happy to look at alternative options.

Can I pay my business insurance monthly?

Yes. While most customers prefer to pay up front to avoid any additional financing charges, we do offer flexible payment options including monthly payment solutions for policies that cost more than $500.

Can I increase or decrease the limits of my business insurance?

Yes, we are able to customize our insurance packages so that you get only the coverage you need.

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Getting business insurance shouldn’t be complicated!

At Zensurance, we simplify the process of getting insurance so that you get the coverage you need, quick and easy!

Our friendly support team is always ready to answer questions, we’re just a click or a phone call away.