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Business Insurance

We pride ourselves on finding the best prices and the best coverage for your business insurance.
  • Protect your business from financial burden
  • Get the proper coverage for long-term success
  • Have peace of mind while focusing on your business
Complete the form or call 1-800-463-8074 to speak with a licensed broker about Business Insurance today.

Business Insurance Ontario

We believe that business insurance is one of the most important investments you can make for your company, no matter its size. With access to dozens of leading business insurance providers in Canada, our experienced Ontario business insurance brokers take the time to shop around for the right business insurance and commercial coverage to suit your Ontario business, allowing you to save money. Our professional team also knows how valuable your time can be as a business owner, which is why we provide you with a competitive quote as quickly as we can.

We offer clients a full range of business insurance options and products including:

Small Business Insurance Experts

We don’t just offer coverage to the big businesses, we help small companies too. At Morison Insurance, your business matters to us no matter its size! Whether you employ 100 people or one, we want to ensure your business is properly covered. We can find you competitive business insurance options for your small business in Ontario to ensure your company is completely covered. We can also provide you with an additional bundle quote that takes care of your commercial auto insurance and business contents coverage, leaving you to get on with business—minus the worry.

What is Ontario Business Insurance?

Business insurance is a type of coverage that protects business from a range of insured losses that may occur throughout the duration of normal business operations. There are a range of different coverages available, depending on your business insurance provider. However, most Ontario business insurance policies include a commercial property insurance policy and a general liability insurance policy at a bare minimum. The former protects your physical space and its contents from perils such as theft or a fire. The latter protects you from being sued if a third-party alleges bodily injury occurred on your premises or that their property was damaged because of your business operations.

Who Needs Business Insurance?

Business insurance is critical for your company's long-term survival. Regardless of the size of your business or the industry you belong to, this type of coverage provides coverage for financial costs associated with unforeseen events that could otherwise be financially crippling. For instance, if you wind up in a lawsuit because you're accused of professional negligence or misconduct, then you could face serious legal fees, defense costs and more. Alternatively, if your tools break down because of internal circumstances, replacing them can be a huge financial burden. This can put your company in the red. But if you have the proper coverage, you don't have to worry about these types of costs.

Why Get Business Insurance in Ontario?

You do not need business insurance to open a business. As a result, many small business owners skip out on this important step thinking it will save them a bit of money while they get their business off the ground. But in fact, the opposite is true. If something goes wrong—a fire breaks out at your shop or you're sued because of a problem with your product—then you're actually paying a lot more for damages out-of-pocket than if you had invested in a business insurance policy.

Not to mention, business insurance in Ontario is relatively affordable. While the cost varies depending on the size, scale and type of your business, some companies offer plans starting from $650.

What Are My Coverage Options?

No matter the niche or type of business you own, we have the right company insurance to suit your needs. We offer affordable business insurance coverage for Ontario residents and can help you get the coverage you need all year round, so it’s there when you need it—and even when you don’t—because when it comes to business insurance, you never know when you might need it the most! We offer Ontario business owners a full range of commercial coverage options, including the following. Contact Morison Insurance today to get the right answers to your business insurance questions.

Commercial General Liability Insurance

This is one of the most basic coverage types that business owners should acquire in their insurance policy. Commercial general liability is essential for protecting you from two perils: third party bodily injury or property damage. For instance, say a client is walking up to your storefront and slips on ice directly outside your door. They fall and get injured. They could sue you for third party bodily injury. Alternatively, say you are an interior designer working in a client's home. While working on the house, a priceless piece of art is damaged. Again, you could be found liable for the damage. These legal and settlement costs can be a real strain on entrepreneurs who don't have the right business insurance products. If you have questions about commercial general liability or business insurance call 1-800-463-8074 to speak with one of our business insurance experts.

Commercial Automobile and Fleet Protection

This type of insurance is not always included in a basic insurance policy, but it is essential for anyone who uses a commercial vehicle at work. Perhaps you transport tools using your truck, or maybe you own a fleet of vehicles that are essential to your business operations. It's very important that you have the right commercial auto insurance coverage. Often, small business owners who use a personal vehicle for company use don't always realize that if something happens during the course of normal business operations, they are not covered under a typical personal automobile insurance policy. This is because the use of the vehicle has changed. So, you need to make sure you have a commercial auto insurance policy.

Fleet insurance is especially useful for business owners that have multiple company vehicles. It helps make your business insurance more streamlined by ensuring the vehicles in bulk, as opposed to individually. This also offers additional benefits, such as enabling any of your employees (who can legally drive) to operate the vehicles. If you have questions about commercial auto or business insurance call 1-800-463-8074 to speak with one of our business insurance experts.

Commercial Property Insurance

Without a doubt, commercial property insurance is essential for business owners who operate out of a brick-and-mortar building. It protects both the building and its contents from a range of perils, including fire, natural disasters, vandalism and theft. There are many benefits to having commercial property insurance. It will usually cover the costs of repair and/or replacements—up to the policy's limits. This can help you save significantly. More than one enterprise has gone out of business because they suffered a significant loss and were unable to recover financially. Contact Morison today to get answers to your business insurance questions.

Professional Liability Insurance

Also known as errors and omissions insurance, professional liability insurance is essential for protecting your business from lawsuits alleging that a client or third party lost money because of something you did or did not do. Usually, these suits allege misconduct, poor professional advice, negligence, failure to deliver goods as promised and reneging on a contract. Lawsuits are painfully expensive and stressful. Facing one on your own without the support of your business insurance company can be exceptionally costly—both financially and emotionally. Instead, invest in an Ontario business insurance policy that will offer you the protection you need to avoid long, drawn-out and financially taxing lawsuits. Give us a call at 1-800-463-8074 to speak with one of our business insurance experts.

Business Interruption Coverage

If your company experiences a loss that inhibits your usual operations, it's very useful to have business interruption insurance. This coverage will help you financially stay afloat while unable to run your business as normal. While different business insurance companies offer different policies, usually business interruption insurance can help cover the cost of expenses such as rent, utilities and payroll. Contact us today to get answers to your business insurance questions.

Product Liability Insurance

Do you sell products or parts that manufacture products? Then you should have product liability insurance. This coverage helps protect you from lawsuits alleging a third party experienced damages because of your product. An example of this could be if you make beauty products and a client has an allergic reaction to an ingredient you forgot to disclose. Or, if you sell parts that are eventually used to manufacture another item—like a car or computer—and there is a problem with the parts you manufacture resulting in issues with the final product, you could end up in serious legal and financial trouble. But with product liability insurance, you're financially protected from having to pay out-of-pocket for legal costs and fees. Give us a call at 1-800-463-8074 to speak with one of our business insurance experts.

Farm Business Insurance

Farmers typically have very specific personal and business insurance needs. At Morison Insurance, we understand these needs and can help you find the best coverage possible. Farm business insurance protects a farm's assets, including farm buildings, machinery and equipment, livestock, produce and more. It's important to note that a standard homeowner's insurance policy does not provide proper coverage for your farming operation. Contact Morison Insurance today to get the right answers to your business insurance questions.

Equipment Breakdown Protection

From computers to landscaping tools, if you rely on your equipment to successfully run your business, you should invest in equipment breakdown insurance. This business insurance coverage protects your equipment from sudden and accidental damage that occurs because of internal damage. It's important to be aware that equipment breakdown insurance does not cover damage that occurs from general wear and tear or poor maintenance. It's meant to replace the cost of your tools and equipment should they malfunction. Give us a call at 1-800-463-8074 to speak with one of our business insurance experts today.

Cyber Liability Coverage

Do you have a customer database, handle confidential personal information or deal with private financial information? If any of this valuable information is stored in your computer systems, it’s important to get cyber liability business insurance. Can you imagine the trouble you'd be in if a hacker stole all that confidential client information? Not only could you be sued, but the hacker might hold that information for ransom and try to extort you. With cyber liability coverage, you're financially protected from these risks. If you have questions about cyber liability or business insurance call 1-800-463-8074 to speak with one of our business insurance experts.

Personal Liability Protection

Unlike professional liability insurance and commercial general liability business insurance, personal liability coverage protects you from defamation and slander. It will cover legal fees and costs so that you can regain your good name. For instance, say an unhappy client leaves a nasty and unfounded review on Google that ends up costing you clients. You could have grounds to sue them if you can prove that the allegations are untrue. This will help you regain the faith of your client base and clear your name from the damaging allegations. Give us a call at 1-800-463-8074 to speak with one of our business insurance experts today.

Business Insurance FAQs

Do you have questions about business insurance in Ontario? Naturally, your business is entirely unique and therefore it has unique needs. At Morison Insurance, we offer personalized service. We'll get to know you and your business before finding a range of competitive quotes offering the best coverage possible. While our brokers are always happy to chat, we've also answered a few commonly asked questions below.

Where Do I Get Small Business Liability Insurance in Ontario?

At Morison Insurance, our qualified and licensed brokers will shop around Ontario's top business insurance companies to help you find the best business insurance for your needs. We work hard for our clients every day, and have built relationships with all the province's top insurers. With our expertise in your corner, you can have peace of mind that you will get the best coverage for your unique needs.

How Much Does Small Business Insurance Cost in Ontario?

Most business insurance policies start at $650, however, there are many factors that influence how much your unique policy will cost. When meeting with your dedicated broker, he or she will ask you a series of questions to ascertain how much your business insurance will cost. The following factors will be taken into consideration when establishing the cost of your premium:

  • Business size and location
  • Years of experience
  • Annual and projected gross revenue
  • Number of employees
  • Business insurance claims history

Is General Liability Insurance for My Ontario Business Enough to Cover Me?

No, usually a general liability policy will not be enough to cover your Ontario business because it only covers third party bodily injury and property damage. There are many other risks that business owners are exposed to, including a fire breaking out in their place of business, lawsuits alleging financial damages due to negligence, financial losses because of equipment breaking down and more. You have invested a lot into your business. You should be able to sleep at night knowing you're protected from the worst-case scenario. Make sure you work with a qualified business insurance broker, such as the team at Morison Insurance, to find coverage that best suits your specific business insurance needs.

How Much Business Insurance Do I Need?

How much coverage you need depends on the size and nature of your business, and also how much protection you feel comfortable with. The more coverage you have, the better prepared you'll be from unforeseen risks. The best way to establish how much business insurance you need is to speak with a qualified broker such as the ones at Morison Insurance. We'll work with you to establish your needs and demonstrate the different coverage options that are available to you. The choice is ultimately yours. Our job is to provide you with as much information as possible so that you can make an educated decision about your business insurance.

Does Business Insurance Cover Personal Use?

Typically, business insurance does not cover personal use. This means that you can't replace home insurance with business insurance. If you work from home, you still need a home-based business insurance policy to protect your property, inventory and more. Even your personal vehicle needs a commercial auto insurance policy if you're using it for work-related purposes. Knowing where the line is drawn can be confusing, so we suggest that you speak with a broker to learn more.

Do I Need Business Insurance if I Work from Home?

No. With more and more Canadians working from home, many are wondering if they need business insurance. The only time you need business insurance is if you have a business registered to your home. In this case, you should look into getting a home-based business insurance policy. If your company simply offers the opportunity to work from home, you do not need additional coverage.

Looking to Get The Right Business Insurance?

Get your business covered with our affordable business insurance options. We can offer you a competitive business insurance quote quicker than you may think! Give us a call today at 1-800-463-8074 or fill out the form on this page to get started with business insurance tailored to your needs. You'll be happy you did!

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