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Small Business Liability Insurance Canada

Insurance for your small business

The right type of business insurance can provide peace of mind in both your personal and business life.

Table of Contents

Why do I need business insurance?

Your business may have many assets: vehicles, office space and equipment, inventory, an indispensable employee or partner and, most importantly, yourself. To protect these assets and to protect your business from potential risks, you should consider getting insurance.

All businesses take some risks, but taking too many risks or failing to protect yourself does not make good business sense. Could your business survive if one of the partners dies or becomes disabled? Would you have sufficient cash on hand to deal with any business emergency that could arise? In many cases, the answers to these and other questions about risk is “no”.

This document will help you understand the different types of insurance that are available to protect you and your business from potential liability.

Types of insurance

Insurance needs vary greatly and it is best to get advice from an insurance broker or agent who is familiar with your specific type of business. Below are different types of insurance that may apply to your business.

Insurance for owners, partners and key employees

The loss of a key person can devastate your business and your livelihood. These types of insurance can help protect your business and your family from potential risks:

Life insurance — Protects your family in the event that something happens to you. This is especially important in the case of a sole proprietorship, because the owner is personally liable for all the debts of the business.

Disability insurance — Will provide you with income for a specified period of time, if you are unable to work due to an injury or illness.

Partnership insurance or buy-sell insurance — If your business partner passes away, partnership insurance will allow you to purchase the shares and continue running the business.

Critical illness insurance — Provides you with a lump sum benefit, if you are diagnosed with a critical illness.

Key person insurance — If you rely on certain key people to help run your business, protect yourself against the loss of these key employees.

Speak to your accountant to find out which of these are deductible as business expenses and which ones you will need to pay for yourself as an individual.

Insurance for business property and earnings

You need to protect your assets and earnings in the event that a disaster or emergency destroys part or all of your business premises and assets. This could include:

Property insurance — Property insurance will cover the property and buildings owned by your business in the event of destruction or damage due to things like fire and other perils.

Contents insurance — This covers assets that you store at your business premises. If you are leasing space for your business, the owner of the property probably has property insurance, but you are likely responsible for your own contents insurance. If you run your business out of your home, you will likely need separate contents insurance for your business assets.

Business interruption insurance — If you need to shut down your business temporarily due to a fire or other peril, business interruption insurance will cover your loss of earnings until you are back in business.

Vehicle insurance — You will need to insure any vehicles that your business owns. If you use personal vehicles for business purposes, be sure to advise your insurance company.

Liability insurance

Mistakes happen. You, your employees, your equipment or your suppliers could be the cause of mistakes that ultimately end up hurting your customers, your employees or other people who are involved with your business. To protect your business from being sued, you should consider these types of insurance to limit your liability:

General liability — Covers injury to clients or employees on your premises

Product liability — Provides protection in the event that your products are defective or cause serious harm to those using them

Professional liability insurance — Provides protection if you are sued by a client for errors, omissions or negligence, when performing professional services

Cyber liability — Protects in the event of a lawsuit stemming from an electronic security breach involving compromised personal or commercial information. Can include situations relating to the theft of devices containing organizational, client, employee, or similar data.

Accounts receivable insurance

Having a client that does not pay can leave you in a difficult situation. You have to pay your employees and suppliers, and are essentially stuck covering the costs of goods sold, without the corresponding revenue. Accounts receivable insurance, also known as credit insurance, can help protect you from this risk, when a client goes bankrupt or refuses to pay.

The risks are often greater when dealing with export markets. The government offers export insurance to cover a variety of risks including accounts receivable insurance.

  • EDC Portfolio Credit Insurance
    Insure your accounts receivable against commercial risks.

Health insurance

Providing a health insurance plan for employees can be a key factor in recruitment and retention of employees. You can talk to an insurance broker or company about group plans covering supplemental health and dental benefits for your employees.

Get the right insurance for your business

Making sure you have the correct business insurance can provide peace of mind. To discuss your business insurance options, contact an insurance representative to find or develop a plan that is right for you and your business. You may also wish to contact your local chamber of commerce or industry association, as some organizations offer members lower rates on their business insurance.

  • Insurance Bureau of Canada — business insurance
    Having the correct insurance could be essential to the survival of your business. Find out what options are available to you.

Business insurance

Whatever your business needs, we’ve got the solution.

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No matter the size or nature of your business, we’ll work with your broker to ensure it’s properly protected now and into the future.

Aviva Enterprise

Flexible insurance that fits your business

In today’s changing commercial landscape, Aviva recognizes that your business doesn’t stand still — and neither should your insurance. Get customizable coverage that adapts to your changing needs.

Essential coverage for your business

Ensure your business is covered when the unexpected happens. Comprehensive coverages offered individually or as part of a package.

Property and liability

Commercial auto

Solutions and services

Aviva adds value to your insurance policy through our business solutions and services – to position you for success.

Cross-border Insurance Services

A market-leading solution for your Canadian business requiring admitted paper for your operations or premises in the U.S.

Risk Management

Access expert advice, tools and resources you need to manage loss control and protect your business.

Privacy breach

Privacy breach coverage offers protection and risk management solutions to help you manage potential impacts to your business.

Trust Aviva to create a surety facility that is right for you

Contract and Commercial

Residential

Industries we cover

Take out the guesswork with customized protection designed to meet the unique needs of your industry.

Automotive

If you own an auto repair shop, car wash, garage or gas bar, you need insurance protection customized to meet the unique needs of your business.

Builder’s Risk and Contractors

From civil works to commercial, industrial, institutional and residential projects, we understand your unique insurance needs.

Business and Professional Services

Whether you’re a consultant, a print shop or a hair salon, we can take care of your unique insurance needs so you can look after your customers.

Education and Organizations

From colleges to charities, get the right insurance so you can focus on delivering services and support to your students, members and clients.

Hospitality and Lodging

Rest easy when you protect your bed and breakfast, motel, resort or spa with coverage you can customize.

Manufacturing and Wholesaling

If you manufacture goods, process foods or sell wholesale products, enjoy peace of mind with insurance coverage that lets you focus on your business.

Building owners have a lot to take care of in today’s competitive real estate market – enjoy one less worry with the right insurance protection.

No matter what kind of retailer you are – clothing, electronics or building materials – protect your business with a customized insurance solution.

Transportation and Logistics

For your wholesale business including third-party logistics, inventory management, transloading, warehousing and more.

Aviva Business Blog

Running a successful business can be challenging. Explore our selection of resources to stay informed about industry trends and prevention solutions.

Make a claim Call us FAQ

Make a claim

There where you need us
1-866-MYAVIVA (1-866-692-8482)

Call us and a claims care advisor will ensure you receive fast and reliable personal support.

For general inquiries call
1-800-387-4518

What is insurance?

Insurance is a safety net to protect you and your family’s financial well-being in the case of an unexpected loss. It is a legal arrangement that guarantees support in the event of a covered accident or incident.

Is the insurance industry regulated?

Yes, by provincial governments whose role it is to ensure fairness and quality in the industry.

How do I make a claim?

If you’re in an accident or something happens to your business, claims experts will walk you through filing a claim. Call 1-866-692-8482 to begin. You may also call your broker for advice.

Small Business Liability Insurance Canada

Hassle Free Ontario Small Business Insurance

Instant Coverage. Rockstar Treatment. No Bull.

Ontario Liability Insurance Coverage

With over 380,000 small businesses providing more than 2.8 million jobs, the Ontario small business landscape is making its mark on the national level and growing at a steady pace. The province is also home to many cultures from around the world and this is reflected in the array of unique small businesses that contribute to this growing landscape.

Offering Ontario small businesses a fast and simple way to shop for commercial liability insurance coverage online, Bullfrog Insurance is here to help small businesses in Ontario, like yours, find the right protection for its unique needs. We understand that as a business owner, you cannot afford setbacks due to sudden events or issues. Bullfrog offers you the ability to purchase, pay, and receive your Ontario liability insurance quotes or policies in real-time so you can get on with your business.

Where We Offer In Ontario

Where We Offer in Canada

  • Ontario
  • Brampton
  • Hamilton
  • Mississauga
  • Ottawa
  • Toronto

Locations where we currently offer Small Business Liability Insurance coverage in Canada:

  • Alberta
  • Calgary
  • Edmonton
  • Lethbridge
  • Red Deer
  • British Columbia
  • Burnaby
  • Richmond
  • Surrey
  • Vancouver
  • Victoria

Purchasing a Small Business Liability Insurance Policy is Easy.

Simply fill out our short online questionnaire and we instantly provide you with multiple online insurance quotes based on your needs. All coverage options are standardized between insurance companies so all you have to do is compare insurance quotes based on price!

Where We Offer In Ontario

  • Ontario
  • Brampton
  • Hamilton
  • Mississauga
  • Ottawa
  • Toronto

Where We Offer in Canada

Locations where we currently offer Small Business Liability Insurance coverage in Canada:

How To Get It

Purchasing a Small Business Liability Insurance Policy is Easy.

Simply fill out our short online questionnaire and we instantly provide you with multiple online insurance quotes based on your needs. All coverage options are standardized between insurance companies so all you have to do is compare insurance quotes based on price!

Leaders in Small Business Insurance Quotes in Ontario

If you own a business in Ontario, it is essential to keep it protected with business insurance. Your business is an extremely important part of your life keeping your family supported, safe and secure. So, if something unforeseen were to occur, you need to know that your coverage will provide a reliable safety net.

Small and large businesses, regardless of type, all face risks. Let InsuranceHero.ca help you manage your risk and insurance cost by conducting a full commercial insurance policy review. As commercial insurance is not one-size-fits-all, we will take the time to understand you and your business so that we can help you determine the level of coverage best suited to what you do.

We work with all industries, Including:
• Construction
• Retail/Wholesale
• Hospitality
• Offices
• Manufacturing
• Real Estate
• Many More

Get a Free Quote to get started

Types of Commercial and Business Insurance Products

There are several different insurance products available to businesses in Ontario. No matter how large or small your business may be, or what type of industry you may work in, InsuranceHero.ca can help you find the right coverage. Here are a few of the different insurance products that we can offer:

Commercial General Liability (CGL)

General business liability insurance protects you in cases where your business has been deemed legally responsible for injuries caused to another person, or damage to their property. While you certainly don’t intend for anyone to become injured on your property, accidents do happen. Let us make sure that you’re protected.

Business Property Coverage

There are several different levels of protection for business owners who own or rent. Building owners can opt for protection that covers the building structure, while renters can obtain coverage for any improvements you make as a tenant. Your business property insurance might also keep you covered in the event of flooding, sewer backup, consequential loss, and more.

Equipment Breakdown Coverage (boiler and machinery insurance)

We offer this type of coverage for pressure, electrical and mechanical equipment necessary to the day-today management of your business. Items covered by this type of policy may include: hot water heaters, heating and cooling systems, telecommunications equipment, ovens, copiers, cash registers, and more.

Small Business Insurance (home based business)

If you run a small business from your home, it may surprise you to learn that your home insurance will not offer coverage, should the need arise. While you do need to have a separate Small business insurance policy for your home based business, you might not require a traditional commercial policy. Talk to InsuranceHero.ca about selecting a small home run business package, which can be added to your existing home insurance.

If you’re looking for reliable, affordable Ontario business insurance, please request a quote online or give us call at 1-855-777-4376.

** It is imperative that you inform your insurance provider about any business run from your home in order to prevent voiding your home insurance. **

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