Business insurance
A contractor, a clinic and a café share almost no exposures. A commercial package that treats them the same is a commercial package that will disappoint one of them.
Built around what you actually do
Most small Canadian businesses buy a package because a landlord or a contract asked for a certificate, and then never look at it again. That is how a growing company ends up with a property limit set at the value of the equipment it owned four years ago.
We review commercial accounts annually against the actual business, not against last year’s renewal.
What it covers
Commercial general liability
Third-party bodily injury and property damage arising from your operations, your premises and your completed work. The certificate your client asks for is evidence of this.
Commercial property
Building, contents, stock, tenant improvements and equipment breakdown. Placed on a replacement cost basis with a coinsurance clause we will explain, because underinsurance is punished proportionally.
Business interruption
The income the business does not earn while it recovers, and the payroll it keeps paying. Rarely bought at the right limit, because the indemnity period is usually set too short.
Professional and errors and omissions
For advice, design, care and anything else where the product is judgement. Written on a claims-made basis, which makes the retroactive date the most important number on the page.
Cyber and privacy
Breach response, notification obligations under PIPEDA and Québec’s Law 25, business interruption from a system outage, and extortion. Any business holding customer records has this exposure whether or not it is insured for it.
Commercial auto and fleet
Vehicles registered to the business, including in the public-insurance provinces, where fleet and excess coverage is still a broker conversation.
What it does not cover
An honest policy is read by its exclusions too. These are the ones that cause the most surprises.
- Employee injury, which is workers’ compensation in every province, not a liability policy.
- Work you subcontracted to a trade that is not insured. We will ask to see their certificate.
- Contractual liability you assumed in a lease or a service agreement without telling us.
- Cyber losses if the multi-factor authentication warranty on the policy was not met.
Send us a certificate request and a description of the work. We will come back with what you need and what you have been paying for unnecessarily.
Tell us your province. The rest follows.
A ten minute request, a named broker, and an answer that starts with what your province already covers.