Use our Coverage Coach tool to answer a few short questions. We’ll explain what specific coverages can help keep your business safe from loss. You can also speak to an advisor over the phone or request a callback from us.
Ontario is Canada’s second largest province, spanning more than one million square kilometers (which is larger than France and Spain combined, to give you some perspective). It’s also home to over 400,000 small businesses—more than any other province in the country.
Did you know that small businesses account for almost 98% of the total number of businesses in Canada? If you’re one of the many small businesses helping to support the Ontario economy, then kudos to you! But we have to ask: are you keeping your business safe?
Insurance for Ontario small businesses
Small business insurance is crucial for any Canadian small business, regardless of what province you operate out of. All it takes is one expensive loss to derail everything you’ve built. Business insurance can help protect your Ontario-based business from the many threats it may be facing.
Popular cities in Ontario for small businesses:
- St. Catharines
- Niagara Falls
Why do you need small business insurance?
The simple answer? For peace of mind. You want to know that you’ve covered your ass in case something happens. Whether it’s an unexpected fire, a customer injury, theft, or a cyber hacker taking a byte out of your system, insurance can help safeguard the future of your business from a variety of risks.
Want to get started protecting your small business?
What kind of insurance do you need?
Every business is different and will require different types of coverage based on things like revenue, business contents, where your business operates out of, and much more. If you’d like to learn more about what kind of coverage your business may need, answer a few online questions to find out now. Here are a few of the coverages that TruShield offers to help keep your Ontario-based business safe.
General liability, also known as commercial general liability or CGL insurance, is the backbone of every small business insurance policy. General liability insurance is designed to protect businesses when they are found legally liable for injury or property damage to a third party. For example, if you own a retail store, and someone slips walking up the steps to the door and hurts themselves, you could face a costly lawsuit. Or, if you own a moving company, and while moving a customer’s furniture you or your employee damages a wall in their home, you could be on the hook for any resulting costs. These are instances where you would look to your general liability coverage for protection.
No matter where you operate your business out of, you should consider having a commercial property insurance policy to protect it. It’s important that the building itself and everything inside are insured in the event that you suffer a loss. While small business owners can do a great deal to mitigate their risks, sometimes things are out of your control, including fires, floods and vandalism. Commercial property insurance can help with repair or replacements resulting from such events, and help you get back to business quickly.
Professional liability insurance is designed to help mitigate the costs associated with unexpected lawsuits that may arise as a result of an error or omission in your work. For example, let’s say you’re a graphic designer, and you design something for a client that unfortunately has a spelling error in the text. If that error resulted in any sort of loss of income for the client, you could face an expensive lawsuit. Even the smallest error can result in a major loss—that’s why you need professional liability insurance.
Does your business sell any sort of product? Are you the go-to cafe for the best cupcakes and cappuccinos? Does your boutique always carry the trendiest clothing? Whatever kind of product you sell, you want to ensure you’re protecting yourself against the risks that come with that sale. Product liability helps protect businesses when a customer purchases a product, and an issue with that product causes bodily injury or property damage to a third party. Business owners can be found responsible for the damages if the source of the issue can be traced back to their small business.
Why should you choose TruShield to protect your small business in Ontario?
Getting coverage with us is quick and easy.
We’re as flexible as you need us to be.
Dealing with a disaster at 3 a.m.? We can help with that. TruShield offers 24/7 claims service to ensure we’re there for you when you need us most. We make settling claims fast, simple, and stress-free.
Is your business growing? That’s awesome, but so should your coverage. If you need to update your coverage at any point during your term, just give us a call and we’ll walk you through the process. Unsure when you should update your policy? We can help with that too. You can also cancel your policy at any point with no early termination fees.
How would you like to pay? If you’d prefer to pay for your policy all at once, that’s great. If you’d prefer to pay in installments, we can do that too! We also offer 0% interest and we’ll even accept payment by credit card.
We give you more than just an insurance policy.
Risk Management Assist: Every TruShield customer has unlimited telephone access to our team of Risk Services specialists who can help guide you through any questions or concerns you may have about the risks your business faces, and how you might help prevent losses.
Trauma Assist: Suffering a loss to the business you’ve worked so hard to build is not an easy experience. Our Trauma Assist service is designed to help owners and employees cope with the emotional effects of a covered loss.
Legal Assist: Legal situations can be complicated and difficult to understand—we’re here to help with that. TruShield customers have unlimited telephone access to general legal advice to discuss legal matters related to your business.