Business Insurance Toronto | 4.7 Star Commercial Insurance

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Commercial insurance solutions to meet your Toronto business needs

Do you have commercial insurance for your Toronto business? It is a vital part of long-term success for your large or small business. Top businesses operate efficiently and reduce threats with a good commercial insurance policy. Business insurance is one of the most effective ways to protect your business from liability threats and unanticipated events.

We understand that all businesses have different insurance needs. ThinkInsure has a large selection of commercial insurance providers so we can offer personalized coverage tailored to the specific needs of your Toronto business. Our commercial insurance experts will make sure your business is protected and compare the best rates to help you save. Speak to a licensed broker today about your business insurance requirements and get a free quote.

Key takeaways about business insurance in Toronto

Toronto has the biggest business sector in the country.
98% of businesses are small businesses in Toronto. A key to longevity is having insurance to protect against liability and financial threats
Commercial insurance in Toronto is not mandatory but highly recommended for companies of all sizes.
Business insurance policies can start as low as $50 per month in Toronto. Rates depend on many factors, and getting a quote will give you an accurate estimate.

Does my business in Toronto need commercial insurance?

Your need for commercial insurance depends on many factors. Having business insurance in Ontario is strongly recommended for large and small businesses. Depending on your business type or industry, you may be required to carry some form of insurance.

Small business insurance provides protection if your Toronto company faces liability claims related to property damage, injury, product malfunction, erroneous advice and more. Without coverage, you would have to pay out of pocket if you faced legal action.

How can insurance protect my Toronto business?

Liability threats and potential loss can come in many shapes and sizes. Insurance helps reduce the financial impact of loss, lawsuits, and other threats. One mistake could cost you significant money and put your business in jeopardy. Business insurance offsets the impact of unforeseen events, damage, and liability.

Depending on your type of business and industry, you could get protection from some or all of these common liabilities for small businesses :

Property damage to your business or a third-party
Bodily injury to customers or employees
Lawsuits and legal claims
Errors and omissions

When you have proper liability insurance you will be covered for these types of threats so you can continue operating and serving your customers.

What are the types of Toronto business liability insurance coverage?

Businesses are exposed to many perils – property damage, liability, online threats, data breaches and many more. Whether you are a start-up, home-based business, or established small business, we offer a selection of solutions to help you protect your organization in Toronto:

Commercial General Liability Insurance

Liability insurance is at the top of the list of requirements. A lawsuit or injury claim could cripple your business without the right protection in place. Get affordable liability insurance for your small business to protect you against legal costs, lawsuits, property damage, and personal injury claims.

Home-Based Business Insurance

Run a business out of your house? Your home insurance is not enough. You should have proper insurance to ensure both your business and house are covered properly.

Contractor Insurance

If you work in a skilled trade, you know you are exposed to many hazards on the job site. Contractors insurance provides construction professionals with coverage to protect their business, equipment, employees, and more.

Cyber Insurance

Online threats are a big danger for Toronto businesses. Software, hardware, and customer data are crucial for operations in today's business landscape. This exposes businesses to threats like never seen before. They range from random hackers to sophisticated cybercrime.

Commercial Property Insurance

Protect your investment with commercial property insurance. No matter where you are located in the GTA, our experts find you coverage that will meet your needs.

Commercial Auto Insurance

Have a company car? Do you drive for business? Then you should have proper protection. This type of insurance is specifically designed for business vehicles.

How much does Toronto business insurance cost?

There are hundreds of different types of businesses in the Greater Toronto Area. Each one has its own unique business insurance requirements. Premium costs are as diverse and unique as your type of business. Basic business insurance plans start from around $50 per month and go up from there. Generally, you can expect to pay between $500 and $2,500 or more annually. The best way to determine costs is to identify your requirements and review quotes to find the right mix of coverage.

What are the best ways to save on Toronto business insurance?

We know business owners want to get the lowest quotes. With tight operating budgets, it’s important to save money anywhere you can – insurance is no different.

Our experts can help you get the lowest price without sacrificing the quality of your protection. Here are some tips to get affordable business insurance in Toronto:

Understand your insurance needs: All organizations are unique. They have different risk profiles. Having a detailed understanding of your threats and liabilities will help you make better decisions about your requirements.
Get the right amount of protection : Requirements vary based on your size, industry, and the types of products and services you offer. Be careful not to over-insure, or you’ll overpay.
Review insurance annually: Things change from year to year. So do your insurance needs. If you are in a growth phase, you may have to add more. If you are right-sizing, you may reduce coverage. New threats may also arise, causing you to adjust your plan types and limits.
Work with a commercial insurance broker to get quotes: Our team has access to policies and coverage options from multiple providers. This gives you the best opportunity to get the lowest price. Let our experts handle your insurance so you can focus on running your business.

How to get business insurance in Toronto

We can help your business get insured, no matter how small or large it is. Tell us a bit about your operations, and we'll find the best quotes and policies from the leading insurers.

Provide your company details

Tell us about your Toronto business and operations.

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Select the best rate and get insured

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

What factors impact business insurance in Toronto?

woman standing behind a counter in her boutique

There are many factors to consider when determining the type and amount of insurance you should have for your business. These factors and the types of coverage you get will impact how much you pay:

Threats and liabilities
Commerce type and industry
Staff size
Location and property size
Products, services, type of advice and consultation
Inventory, equipment, and supplies
Many other factors

See our 5 star insurance reviews

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The Jordan Family

2024-06-20

Solely was an absolute pleasure to work with. He was very knowledgeable and quick to respond. He had my new policy up and ready in the course of an afternoon, not to mention the best rates out all brokers I came across. I highly recommend this man and his customer service. 5 star service indeed!

Jade W

2024-06-17

Bailey went above and beyond. Was insanely patient with my scatter brain and a million questions. He explained everything to a point of actually understanding vs "that other" company that made me feel like a child for not understanding their legal ramblings. I appreciate you!!!!

Erfan Javid

2024-06-14

I worked with Sohel, and he put in an incredible effort for me! Sohel is an amazing insurance broker who was very helpful and honest. Communicating with him by phone and email was effortless, and he completed all my insurance paperwork without any hassle. I had insurance sorted out with just one phone call and one email thread.

Mykyta Shylin

2024-06-13

Thank you Bailey, for your help in getting my auto insurance policy sorted out after the non-payment cancellation. I really appreciate the effort you put in to ensure everything was taken care of quickly.

Bradley Chapman

2024-06-12

I was in a pickle and they really helped me out, very supportive. I dealt with a woman by the name of Denise and honestly, she deserves an additional 5 stars on top of this 5 star review.

Daniel McDonald

2024-06-11

I had a great experience with my broker, super knowledgeable dude helped me get back on the road quick and clean.

mic

2024-06-10

Working with Todd was a pleasure. It was very easy communicating with him by phone and email. He was able to complete all my insurance paperwork with no hassle. Thank you are the best .

Sathya Krishnakumar

2024-06-08

I recently purchased workplace insurance from ThinkInsure, and Betsy Bannon provided exceptional service. She promptly offered competitive rates and quickly addressed all my questions and messages, even when time was of the essence. Simply awesome job! I will definitely choose ThinkInsure again if I need insurance in the future. Thanks, Betsy, for your terrific customer service. I would recommend ThinkInsure , any day, for your insurance needs.

Toronto business insurance FAQs

Who needs business insurance in Toronto?

If you have a business, you should protect it with insurance to have long-term success. Start-ups and smaller businesses specifically require this protection. Most cannot survive a disruption in operations or significant financial loss. Insurance provides you with an additional layer of protection against these types of occurrences. It's not worth taking a chance to operate without a plan in place.

What does Toronto small business insurance cover?

Business insurance packages can come in with many different coverage options for small businesses in Toronto. They can be customized to meet your unique operational requirements. A typical policy will cover you for general liability, commercial auto, and property. Above this, you can add many types of coverage depending on common threats to your operations.

For example, many companies today are adding cyber insurance. Companies that offer advice benefit from professional liability insurance. Those that offer consumer goods add product liability insurance for added protection. At the end of the day, it’s about finding the right type and amount of protection to safeguard your company.

When should I get business insurance quotes in Toronto?

It’s important to stay on top of your insurance to ensure you’re properly protected. It’s recommended you get estimates annually when you renew your policy. During this time, you can assess your requirements, and make changes to ensure your plan is in alignment with your business needs.

We have commercial insurance for all types of Toronto businesses

No two companies in the city have the same insurance requirements. Toronto is the business capital of Canada. It is home to 38% of Canadian business headquarters, including many in the insurance industry. The city has the second-largest food and beverage industry and financial centre in North America. It is also the third-largest tech sector in North America.

There are countless local and national retailers, tech start-ups, construction and real estate companies, great restaurants, and pubs, and just about any other type you can think of.

It is the place to come if you want to start a successful company. 98% of all businesses in Toronto and across Canada are smaller in size. The one thing that all have in common is the necessity for insurance. One of the great benefits of business insurance is you can customize it to provide you with specific protection your operation requires.

We will help you find customized solutions specifically for you to fit within your budget. We work with businesses of all sizes and different types of industries.

Retail stores and local shops

B2B service providers and consultants

Home based businesses

Hospitality services

Construction and renovation contractors

Professional service providers

Delivery and transportation companies

Manufacturers

Auto repair

Large offices

Communications and marketing

And many more

Get a free quote for Toronto business insurance

Shopping for business insurance in Toronto? Are you ready to find the right coverage at the lowest rates? With ThinkInsure you can compare quotes from the top business insurance companies in Canada. Our experts are ready to answer your questions, discuss your options, and help you get insured.

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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Business Insurance in Toronto

Get affordable commercial insurance in Toronto to protect your business against liabilities and property damage.