What is Business Insurance?

Business insurance protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster. 

Business Insurance is a broad name for different coverages available to the business owner to protect against losses and to insure the continuing operation of the business. 

Major Types of Business Insurance

General Liability Insurance 
  • A standard insurance policy issued to business organizations to protect them against liability claims for bodily injury and property damage arising out of premises, operations, products, and completed operations; and advertising and personal injury liability.
Commercial Auto Insurance
  • Covers cars, trucks, motorcycles, and other road vehicles owned by or operated within a business. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. Commercial auto insurance may also offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from events other than traffic collisions.
Commercial Property Insurance
  • Covers risk of loss to an organization’s buildings or personal property. Usually includes buildings, personal property of the insured business or business owner, personal property of others on site and in the insured’s possession. Coverage can be provided on an all risk or specific perils basis.
Commercial Umbrella Insurance
  • Commercial Umbrella insurance is liability coverage that is in excess of specified other commercial insurance policies and also potentially primary insurance for losses not covered by the other policies. When an insured business is liable to someone, the insured's primary insurance policies pay up to their limits and any additional amount is paid by the umbrella policy (up to the coverage limit of the umbrella policy).
Professional Liability Insurance
  • Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O), is a form of liability insurance that helps protect professional advice and service-providing companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. 
Group Health Insurance
  • Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A group health insurance plan is a major part of many employee benefits packages that employers provide for their employees. 
Group Life Insurance
  • Group life insurance is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the group.
Group Disability Insurance
  • Group Disability Insurance is a type of group insurance that provides regular income replacement payments to an insured member of the group in the event of an eligible disability resulting from illness or injury. Coverage is generally offered in two types: short-term disability (STD) or long-term disability (LTD).

We will be able to assist insuring the following businesses/operations/classes:

Property & Casualty
Business & Professional Services
  • Accountants
  • Advertising Agencies
  • Financial Services Planners
  • Interior Decorators
  • Insurance Brokers
  • Legal Services
  • Photographers
  • Real Estate Agents
  • Salons
  • Veterinarians
Contractors
  • Cable Installations
  • Cement and Concrete work
  • Dry Wall/Painters
  • Electricians
  • Fencing/Deck Contractors
  • Flooring Contractors
  • Interior Decorators
  • Renovation Contractors
  • Septic Tank Installations/Servicing
  • Sheet Metal Contractors
  • Sign installation – under 4 storeys
  • Tile & Terrazzo
  • Window and Door Installations
Manufacturing
  • Bakeries
  • Ceramics/Pottery
  • Coffee/Tea/Spice Manufacturers
  • Light Metal Product Manufacturers
  • Machine/Fabrication shops
  • Printers
Retail
  • Baked Goods Store
  • Beauty and Cosmetic Supplies
  • Book Store
  • Clothing Store
  • Florist
  • Gift Store
  • Grocery Store
  • Hardware Store
  • Office Supplies
  • Optical Goods Store
  • Pet Grooming
Wholesalers
  • Baked Goods Store
  • Beauty and Cosmetic Supplies
  • Book Store
  • Clothing Store
  • Florist
  • Gift Store
  • Grocery Store
  • Hardware Store
  • Office Supplies
  • Optical Goods Store
  • Pet Grooming
Automotive
  • Auto Body and Paint Shops
  • Automobile Car Washes
  • Repair Garage/Specialty Shops
  • Self Service Gas Bar
  • Service Stations/Full-Service/ Gas Bar
Restaurants
  • Catering Services
  • Family style unlicensed or licensed restaurants
  • Snack bars
  • Take out restaurants
Commercial Automobile- Business & Professional Services
  • Appliance Service Technician,
  • IT Technician, Communication
  • company service representative
  • Dry Cleaners
  • Gardener & Horticulturist
  • Ice Dealers
  • Janitorial (Commercial)
  • Locksmith
Commercial Automobile – Contractors
  • Artisan
  • Carpenter, Cabinet Maker and Wood Worker
  • Construction consultants and professionals
  • Contractors
  • Electrician
  • Flooring installer
  • Handyman
  • HVAC Mechanic
  • Horticulturists
  • Landscapers
  • Painter
  • Plumber
  • Roofer
Commercial Automobile – Delivery
  • Auto Accessories and Parts
  • Drug stores
  • Fish and seafood distributors
  • Florists (including Nurserymen)
  • Fruit dealers
  • Poultry Dealers
  • Produce Dealers
Commercial Automobile – Manufacturing
  • Dairies and Distributors
  • Drug manufacturers and wholesalers
  • Ice cream manufacturers and distributors
  • Soft drink manufacturers and distributors
Commercial Automobile – Garage Risks OAP 4
  • Auto Accessories & Parts
  • Car Washes
  • Repair Garages
  • Service Stations/Gas Bar
  • Tire Repair Shops
Commercial Automobile – Auto Fleets
Commercial Realty
Residential Realty

Contact us to learn more about the right business insurance for you or to discuss any other business class or category not listed above.
(416) 775-9452​
3250 Bloor Street West
East Tower, Suite 600
Toronto, ON M8X 2X9
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