Small Business Insurance Ontario | Liability Insurance Quotes

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Small business liability insurance in Ontario

Do you need small business insurance in Ontario? Protecting your business with insurance is an essential step to reduce risk. It starts with getting a quote. Your business means a lot to you. And it should. You’ve invested time, money and personal resources.

As small business insurance professionals, we are risk assessment specialists. We know that many small businesses in Ontario operate on tight budgets, are concerned about financial security, and want protection from risk and loss.

We’ll analyze your business needs and evaluate your risk exposure. Then, we’ll give you expert advice on coverage and ways to save. We will compare business liability insurance quotes from the top insurers.

What you need to know about liability insurance for Ontario small businesses

All businesses have risk exposure. Commercial insurance helps to mitigate risk and prevent loss.
Business liability insurance is not legally required in Ontario, but it is highly recommended.
Business insurance costs depend on your company type, size, industry, operations and many other factors. Get a quote for an accurate premium estimate.

How to get Ontario small business insurance

Our small business insurance experts make it easy to find the best policy and rates for your company. Request a quote in 3 minutes or less.

Please have the following information to get an accurate rate.

Information about your small business.
Any past policy details.

Getting insured is quick and easy :

Begin your quote

Click here to start a quote and tell us about your business.

Compare quotes and options

We will compare rates from the leading insurance companies.

Choose the lowest quote and get insured

Choose the cheapest quote and get your policy!

We'll find you the best small business insurance

logos of small business insurance companies in Ontario

Compare rates from Canada's top small business insurers

Are you starting a business? Is it time to renew your current policy? Want to compare your options for small business insurance in Ontario? We can compare rates and coverage from Canada’s leading business insurance companies. We have access to coverage for all business types across most industries. Whether you are looking for a simple policy or a complex plan to reduce financial loss with insurance, we have you covered.

We are always ready to help you find the best rates and solutions. Speak with a ThinkInsure advisor today. Call 1-855-550-5515 or request a quote online and we’ll be happy to help you.

How much does small business insurance cost in Ontario?

Average small business insurance costs can range greatly. So, there isn’t a specific number that can be applied to your business. Basic liability insurance plans start at around $500 per year and go up from there. Expect to pay between $500 and $2,500 annually.

Every Ontario small business is unique and has different insurance needs. How much you pay depends on your industry, perils, insurance history, requirements, and many other considerations. Business insurance costs should be calculated on a case-by-case basis.

Liability insurance for all types of small businesses in Ontario

Man and woman working checking inventory

ThinkInsure serves a wide range of Ontario small businesses, from retail to manufacturing to consulting, and more. We offer flexible coverage and business liability insurance solutions to meet your needs and budget.

With an extensive network of business insurance partners, we’ll advise you on coverage that will safeguard your business from operating risks and unexpected events – at rates you’ll love.

We have solutions for :

Retailers and storefronts: Local coffee shops, boutiques, clothing stores, salons, grocery, online stores, hospitality, warehousing.
Professional services: Consultants, IT professionals, photographers, marketers, graphic design, officer professionals, real estate, manufacturing.
Construction and contractors: Home renovators, carpenters, electricians, plumbers, painters, landscapers, cleaners.
Health and wellness: Dentists, massage therapists, chiropractors, wellness facilities.

Small business insurance protects you against losses, damages and liability

Does your small business have proper insurance coverage? Could it survive disruption from floods or other damages? Do you have protection from offering advice that damages another business? Is your business protected if someone is injured in an accident that is related to your business? Are you protected against liability claims?

These are just some examples of risks small business owners should think about to ensure their business is protected properly. Our experts will work with you to create a solution that meets your insurance needs. We have many different types of coverage, such as:

Commercial General Liability Insurance

Protect your business against claims for property damage or bodily harm to third parties from your premises, operations or products.

Commercial Property Insurance

It covers loss or damage to your property from fire, wind, storm, flooding and more.

Cyber Liability Insurance

Protect your data and systems in the event of a breach.

Product Liability Insurance

Protect your products and inventory from damage or loss with product liability coverage.

Commercial Auto Insurance

It covers vehicles like cars, trucks, vans and trailers used for business or working purposes.

Business Interruption Insurance

Business interruption insurance covers your business in the event of a disaster.

Additional business insurance to consider

We can help you get any type of coverage for your small business. Here are some more considerations:

What are the best tips to save on small business insurance?

woman talking on phone in clothing business

Price is only one of the many factors you should consider when comparing business liability insurance quotes. Here are some tips to get the cheapest Ontario small business insurance:

Combine all policies into one: Many types of small business insurance exist. Bundling them into a single policy simplifies things and will qualify you for a discount with your insurance company.
Understand your insurance needs: Small businesses have different insurance needs. Understand threats, liabilities, risks, and coverage needs.
Manage business risks: While risks exist, being proactive in limiting these risks can help you qualify for insurance savings. Plus, you’ll have peace of mind in knowing you run a safe and low-risk business.
Compare quotes: You have options. Always compare multiple insurance providers to understand your coverage options and to find the most affordable price.

Business insurance for start-ups and micro businesses in Ontario

The definition of a small business has changed significantly. Today, a small business can mean any number of business types, sizes, and structures.

With start-ups and micro businesses on the rise, there have never been more varieties of small businesses, including online businesses, sole proprietors, local businesses, freelance professionals, and more. Many of these businesses operate from a residential location.

Operating a small business from home is more common than ever. However, when it comes to protection and coverage, your home insurance policy just won’t cut it. We offer insurance for all small businesses that operate out of their primary residence.

We have home-based business insurance options for liability, contents, legal expenses, property coverage and more.

Expert savings advice

Getting advice from our business insurance experts can help you save on premiums and, more importantly, protect your business against uncertainties such as accidents, damages or legal action.

Flexible small business solutions

We’ll create flexible insurance solutions tailored to your specific insurance requirements.

Convenient one-stop shopping

We work with over 50 insurance companies. We will shop and compare your coverage needs to get you the best small business insurance policy and price.

Personalized customer service

We understand that you are very busy running your small business. Your dedicated business insurance expert will be there to take care of all your insurance matters promptly and professionally.

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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!

Our Ontario business insurance experts will guide you

Running a small business is so much more than a full-time job. Your business probably keeps you short on time and long on responsibility. Use ThinkInsure expertise to get the peace of mind that your business and its assets are affordably and properly protected.

Our insurance experts give you one less thing to worry about. We make it easy and convenient for you to get the business liability coverage you need. You’ll get superior customer service at all times – whether you have a question, claim, or it’s time for renewal.

Ontario small business insurance FAQs

Is business liability insurance legally required in Ontario?

Although it's not legally required, business liability insurance is highly recommended. It is standard in most policies and provides protection from claims against your business, such as personal injury, damage, and legal defence costs.

Even if you are not a big operation, it doesn’t lower your risk of someone getting injured on your property or having legal action taken against you. So, liability insurance should not be overlooked.

Why do you need small business liability insurance in Ontario?

In addition to reducing risk and protecting your business, there are other situations where you may require coverage :

Proof of Insurance : Potential customers may request to see proof of insurance before doing business with you.
Events : Insurance may be required to host an event.
Property Rental : You may need to be insured to rent a property.
Loans And Banking : You may need proof of coverage to secure business loans and complete other financial transactions.
And much more

ThinkInsure can help you choose the right type and amount of liability insurance for your business. We’ll ensure you have enough coverage based on industry standards and other factors.

What is the minimum amount of small business insurance I should have in Ontario?

Operating a business without insurance is a significant risk. One loss event could force your business to close if you don’t have small business insurance. It's recommended that you have liability coverage at a minimum. Then, you can add other coverage based on your business type and industry.

What kind of insurance should a small business have in Ontario?

The type of insurance you will need depends on your business type, industry, size, revenue, products and services, and many other factors. Most small businesses have liability protection and coverage for their location and vehicles.

Can I get free small business insurance quotes?

Yes, absolutely. Getting a small business insurance quote with ThinkInsure is 100% free. There is no cost to your business to request a quote.

Do I need business insurance for a sole proprietorship?

It depends on your type of business. If you offer services to customers, you should consider having professional liability coverage at a minimum.

Is there a tax on business insurance in Ontario?

Yes. In Ontario, there is a tax on business insurance premiums. However, you do not pay HST; you pay 8% PST.

Get a free small business liability insurance quote

Compare small business insurance quotes in Ontario from the leading insurers in Canada. Make sure your business is properly insured for common liabilities and threats.

At ThinkInsure, our advisors will find the best plans and search for the most affordable rates. We'll help you save without sacrificing coverage.

Speak with us today. Call 1-855-550-5515 or request a quote online and we’ll be happy to help you.

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Small Business Insurance in Ontario

Save on business liability insurance in Ontario and get personalized coverage to protect your small business.