Commercial insurance for all size businesses in Ontario
Business Liability Insurance (or commercial insurance), protects Ontario small business owners from financial losses due to unforeseen events such as property damage, errors or injuries. There are many types of insurance coverages for businesses that protect them according to their industry, size and revenue. The most common insurance coverages for small businesses include general liability insurance, errors and omissions and commercial property insurance.
What does Business Liability Insurance cover?
Business Liability Insurance is an umbrella term used to describe policies that provide financial protection for business owners against costs associated with third-party liability claims.
Explore the following insurance policies for specific coverage information:​
- Commercial General Liability (CGL) Insurance, which covers costs associated with claims alleging third-party property damage or bodily injury.
- Professional Liability Insurance (also known as Errors and Omissions) provides financial coverage for professionals against claims alleging negligence, misconduct, or failure to deliver a service as promised.
- Commercial Property Insurance provides financial coverage for loss or damage to your property due to an unforeseen external event, such as a fire or theft.
- Product Liability Insurance covers the costs associated with liability claims alleging bodily injury or property damage resulting from a product you manufacture, develop, or sell.
- Cyber Liability Insurance provides financial protection against network security and privacy issues, such as a data breach.
- Directors’ and Officers’ Liability Insurance provides financial protection for members of your board should they be named in a lawsuit.
Your business is unique. Speak with a broker to find an insurance policy package to meet your specific business needs.
Who needs Business Liability Insurance?
According to Canada Business Statistics, Ontario is home to over 420,000 businesses of which 98% are small businesses.
Regardless of your business type, owning insurance is critical for the long-term survival of any business.
Small businesses are especially susceptible to risk and without adequate business insurance coverage may be exposed to bankruptcy.
Here are some industries that we specialize in Ontario:
What is the cost of Business Liability Insurance in Ontario?
For a small business in Ontario, you can anticipate spending approximately $650 annually on a basic commercial general liability insurance policy with a $2M limit.
The exact cost for your insurance policy varies according to factors such as:
- Industry
- Risk Exposure
- Years of Experience
- Location
- Number of Employees
- Revenue
- Claims History
Getting insured is quick and easy!
Complete our 5-minute online application form for a free insurance quote.
Largest Ontario Cities for Small Businesses
The economic power of Ontario is the results of its cities. These are Ontario’s largest cities:
Toronto
Ottawa
Hamilton
Kitchener
London
Oshawa
Windsor
Niagara / St. Catherines
Barrie
Guelph
Kingston
Kanata
Milton
Brantford
Thunder Bay
Sudbury
Peterborough
Sarnia
Belleville
Sault Ste. Marie
Ajax
Whitby
Burlington
Oakville
Brampton
Mississauga
Aurora
Markham
Vaughan
Orangeville
Our Ontario location:
Serving the Ontario small business community
1301-200 University Ave, Toronto, ON M5H 3C6
+1 888-654-6030
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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.
