Ottawa Business Insurance

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Commercial insurance solutions for your Ottawa business

Every business in Ottawa should have a good commercial insurance policy. Startups, small businesses, and large corporations all need to protect their best interests against unforeseen events and liabilities that could put them at financial risk.

As Canada’s capital and the second largest city in the province, many assume it’s government-focused. It is, but the city also has a young entrepreneurial mindset. The city is a technology hub with thousands of organizations in commerce services, retail, tourism, and many other industries.

At ThinkInsure, our commercial insurance experts will work with you to understand the insurance needs for your large or small business. With our large selection of commercial insurance companies, we can offer Ottawa business owners personalized coverage and affordable rates. We'll make sure your Ottawa business is protected with the right insurance policy and help you save more.

Key takeaways about business insurance in Ottawa

Ottawa is an entrepreneurial city with new businesses opening up all the time. Insurance is a key factor in sustained success.
Even though not mandatory, commercial insurance protects Ottawa businesses against many liability threats and unforeseen events.
Basic insurance plans for Ottawa small businesses start as low as $50 per month.

How to get business insurance in Ottawa

Getting Ottawa business insurance is easier than you think. Answer a few questions and tell us about your business insurance needs. Our advisors will find you the best rate for your coverage and get you insured.

Provide your company details

Tell us about your Ottawa business and operations.

Find the best quotes and coverage

We’ll compare quotes from the top providers in the country.

Select the best rate and get insured

Choose the lowest price and save on your commercial insurance policy.

Do I need business insurance in Ottawa?

Even though it is not legally required, just like business insurance in Ontario, having business insurance is highly recommended. All organizations in Ottawa are exposed to a variety of threats. An insurance policy will ensure your large or small business is covered against unforeseen events and other situations that could affect operations.

It takes one big financial loss to shut you down. Insurance helps you stay afloat while you get back on your feet.

Note : You may be required to have some form of insurance based on industry regulations and laws. Speak with our advisors to learn more.

What are the types of commercial insurance in Ottawa?

Liability is one of the biggest legal and financial threats. A slip and fall on your property, causing damage to a third party, a product issue, bad advice, and even a cyber-attack can put you at risk.

Commercial insurance can protect you from these potential threats. You have options to find the plan that makes the most sense for your operations. Here are some of the most common forms of business insurance you may need to include in your policy:

Commercial General Liability Insurance: Protection against a host of liability threats to your company.
Commercial Property Insurance: Protect your property, storefront, warehouse, or other business property.
Product Liability Insurance: Ensure you have protection if there are liability issues with your products.
Cyber Insurance: Have peace of mind knowing you have coverage if you're the victim of a cyber intrusion.
Errors And Omissions Insurance: Have legal protection against mistakes and errors made by your company.
Commercial Auto Insurance: Protect your business vehicles when on the road travelling to meet clients, making deliveries, and engaging in other operations.
Business Interruption Insurance: Protect the financial stability of your business if you have to shut down unexpectedly.

How much does business insurance cost in Ottawa?

The cost of business insurance in Ottawa is specific to your situation. There are so many factors to consider that affect your insurance – size, industry, product and service offerings, perils, and much more.

Basic business insurance plans start around $50 per month ($600 annually) and go up based on your plan and limits. Get a free quote to see how much your insurance will cost.

Tips for getting affordable Ottawa business insurance

Saving money is at the top of all owners' minds. Most SMBs operate on tight budgets and are always looking for ways to save – insurance included. Here are some tips for getting cheaper premiums :

Understand your main risk factors: When you understand the types of liabilities your business is exposed to, you’ll have a better understanding of the type of insurance you need.
Avoid over insuring: More is not always better. Make sure not to buy insurance that doesn’t make sense for your situation.
Review annually: Your insurance prices and needs can change each year. Assessing annually ensures you have the right amount of protection. It allows you to re-assess your perils and ensure you are covered.
Compare and save: Our team of advisors can help you compare prices from all the leading insurers in Canada.

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Kevin St Clair

2024-11-28

Betsy was a genuine pleasure to deal with considering the circumstances. Thanks again for all your help

Anthony Gomez

2024-11-27

Today, I want to take a moment to recognize Monica Chan, an exceptional insurance broker who has consistently gone above and beyond in her service to me. Monica's dedication to punctuality and consideration has been truly remarkable. She has always been prompt in responding to my inquiries and has never hesitated to offer her expertise and guidance. With Monica as my broker, I have never once felt worried about anything going wrong. Her proactive approach and attention to detail have provided me with peace of mind, knowing that my insurance needs are well-taken care of. Throughout our interactions, Monica has been incredibly helpful, patiently explaining complex insurance concepts and ensuring that I fully understand my coverage options. I wholeheartedly recommend Monica Chan to anyone seeking an insurance broker who genuinely cares about their clients' best interests. Her commitment to excellence and her willingness to go the extra mile make her an invaluable asset in the insurance industry.

Phyllis Baker

2024-11-20

Absolutely amazing service the broker Todd worked on my quote fast I recommend this company to anyone very professional I’m so glad I called them .. Thank you for your great work

Charles Cameron

2024-11-15

Betsy Bannon has been nothing short of amazing at helping us through the complex process of acquiring business insurance. She quickly understood our needs and expertly guided us to the right solution. From start to finish, she made us feel like her most important client which gave us the confidence that we were in great hands. We highly recommend Betsy!

Jermaine M

2024-11-05

I had a great experience with Patrick Vuong. He went above and beyond to help me update last minute changes to my policy in order to qualify for a government grant. Staying back late and coming in early the next day to help finishes the changes. Very kind and professional!

Mark Gaffney

2024-11-05

Betsy Bannon is a professional extremely friendly and knowledgeable and made my experience wonderful! Highly recommend her for any insurance needs. Mark Gaffney

fabian ward

2024-11-04

Great service! Prompt and very helpful! Thanks to Todd allan for really helping me out!

Stephen Mcfadden

2024-11-01

Great experience working with Sohel Rahman, appreciate his honest and can-do attitude. Highly recommend!

Commercial insurance for all types of Ottawa businesses

Ottawa has close to one million residents. It is also home to a diverse collection of small businesses. Commerce development is strong in the region. The city has young entrepreneurs – almost half of the population is under 35. It has solid academic and technology talent.

The city boasts that there are more than 70,000 high-tech related jobs in the area. 44% of the population is bilingual. Start-ups open their doors each day. We can help you find the right commercial insurance. We work with businesses of all sizes and industries, helping them get insured at the most affordable rates in the country.

Ottawa business insurance FAQs

What does small business insurance in Ottawa cover?

Small business insurance can cover you against many different perils. What is specifically included in your plan is unique to your requirements.

All cover you against general liability, but this is where the commonalities stop. Your coverage type and limits are dependent on the nature of your operations. Learn about your specific requirements and get a customized plan by working with our insurance experts.

What affects how much Ottawa business insurance costs?

How much you pay for insurance is dependent on many factors that are unique to your situation. They include :

Your location in the city (or if you operate online only).
Your business type, industry, and area of expertise.
The number of years you’ve been in operation.
The size of your company (number of employees, annual revenue, etc.).
What you sell – the type of products, services, consultation.
Vulnerabilities to your operations.

Why should I get insurance for my small business in Ottawa?

All Ottawa businesses, big and small, have exposure to threats and liabilities. A lawsuit, break-in, or unforeseen event could put you out of business. Insurance protects your financial security.

Can I buy Ottawa business insurance online?

You can begin the process of buying business insurance online. Fill out your information, and our experts will be in contact with you shortly. Once in contact, our commercial insurance brokers will assess your business, recommend coverage and help you get the right business insurance policy.

Who has the most affordable commercial insurance in Ottawa?

It depends on the type of plan you choose. There is no one specific insurance company that has the lowest rates. Shop around to get the most affordable quote.

Get a free Ottawa business insurance quote

Our advisors are ready to help you find the best Ottawa business insurance. We'll get commercial insurance quotes from the top insurers in Canada to help you save on coverage. Call 1-855-550-5515 or request a quote for free online.

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Get commercial insurance in Ottawa designed for your large or small business and save with a better rate.