In business and insurance, one size does not fit all!
Your business is your livelihood. You don’t take risks with your family, why take them with your business?
What is business / commercial insurance?
Essentially, the term “business” or “commercial” insurance refers to an insurance policy and coverage types for all businesses and corporations. However, with different sizes and types of businesses comes a uniquely-tailored insurance policy. In simple terms, when it comes to business insurance, isure recognizes that policies are NOT one size fits all.
Why do I need commercial insurance?
Commercial insurance is crucial in protecting a business from potential loss caused by unforeseen and unfortunate circumstances.
Why choose isure as your commercial insurance broker?
At isure, we understand your business. We understand that every business, big or small, is unique, and so are your business needs. As a result, your insurance policy should reflect this in order to ensure that your business assets are properly insured and protected. We are there for you when you need it most and will work tirelessly to provide you with:
Affordable business insurance options
Flexible insurance coverage/policies
isure’s knowledgeable brokers
Certificate of Insurance for Businesses
A Certificate of Insurance in Ontario is an essential documentation for business owners. These are our tips on how to make the process as simple as possible:
What are the requirements for obtaining a COI?
In order to conduct business in Ontario, you will need to obtain a Certificate of Insurance. This certificate will serve as evidence of your insurance coverage and financial capability in the event of a claim. Obtaining a business Certificate of Insurance will protect you if someone files a lawsuit against your organization. Here are some of the considerations when it comes to your business COI. If you are a contractor or business owner, obtaining a Certificate of Insurance is mandatory.
What is the cost of a Certificate of Insurance?
You can purchase a Certificate of Insurance from your insurance provider, free of charge. The Certificate of Insurance is your proof of insurance coverage, and it is required by others who need to know if you’re covered in case of an insurance claim. These requests can be related to potential lawsuits or other financial interests. In order to avoid these costs, make sure you have all the information needed in order to process your request quickly and accurately.
Additional Insureds required
In Ontario, Additional Insureds must be named on a Certificate of Insurance before a permit can be issued. These Additional Insureds may include partners, clients or business owners. However, the coverage that these individuals and entities receive depends on their relationship to the insured.
Manufacturing & Wholesaling
Get a business insurance quote today and see how much you can save in worry (and in money) on your insurance!
FAQs about Professional Liability Insurance
Who needs Professional Liability insurance?
Anyone who provides expert advice to their clients should have Professional Liability insurance to protect their business from lawsuits and other expensive claims. isure provides Professional Liability insurance policies to:
- Consulting companies
- Construction and building
- Finance and banking
- Real estate
- Auto industry jobs
- Hospitality and food services
- Travel agents
- Recruiter and employment agencies
- Photographers and graphic designers
- Schools and teachers
- Retailers and local stores
- Licensed medical experts
- Media personnel
and many more!
What does Professional Liability insurance cover?
Professional Liability will cover defense costs and indemnity of any allegations of error, omissions, negligent acts, breach of duty, misrepresentation or misleading statements in the rendering of professional services, whether true, groundless or frivolous. Professional Liability insurance provides financial protection from the following claims:
- Lawyer fees
- Defamation lawsuits
- Intellectual property costs
- Documentation loss
- Malpractice claims
- Accused negligence
- Errors in the field
What is not covered by Professional Liability insurance?
Our policies cover a lot, though no Professional Liability policy can protect you from:
- Illegal activities
- Intentional errors
- Falsifying estimates
- General liability
- Property damage
- Employee workplace injuries
Do I legally need Professional Liability insurance?
Some practices do require a level of Professional Liability insurance, though it is recommended, even when not required by the law or if you run your own company/business/practice.
I have General Liability insurance. Do I also need Professional Liability insurance?
Yes, General Liability insurance covers financial costs associated with physical damages to property or people by nonprofessional acts. If you do not have Professional Liability insurance, you are leaving your company extremely vulnerable.
FAQs about Commercial Auto Insurance
Does my Commercial Auto policy include personal use?
Yes, claiming your car under “Business Use” is an effective way to cover the vehicle you use for both personal and commercial use. Without Commercial Auto insurance, accidents that occur during work duties are not covered and can result in extreme costs down the road.
Who has the best Commercial Auto insurance?
That question doesn’t have a universal answer. Instead, each provider is best fit for specific drivers. To get access to all the best policies and rates, use isure as your broker and get exactly what you need, any day of the week!
Who is insured on my Commercial Auto policy?
You can always double-check this information on your policy, though typically both owner and employees are covered under a Commercial Auto insurance policy.
What is Fleet insurance?
Speak to a skilled isure professional about insuring all of your business vehicles. This is especially ideal for anyone who makes deliveries with different vehicles types.
Is driving clients considered “Commercial?”
Yes. Any activity that has to do with your business is considered commercial and you require a Commercial Auto insurance policy.
The recent outages from Rogers Communications Inc. resulted in some small businesses losing thousands of dollars. Many fear the telecommunications giant won’t fully compensate them sufficiently for lost revenue. When businesses are reliant on telecom companies to perform their day-to-day transactions, what recourse is there when there are service outages? In this article, we will look at some of the businesses that were affected by the Rogers outages and how your insurance can help assist you when it does.
Certificate of insurances (COIs) are required anytime a third party enters your property or premises to perform a task outside of your control. It's important that your business requires this certificate because hiring an uninsured business to perform work for you could lead to big consequences. This document assures those you do business with that you are insured. In order to fully explain what COIs are and when they are needed, we’ve compiled answers to some of the most commonly asked questions about them.
Your credit is a reflection of your actions and unforeseen circumstances. If you are someone with bad credit because of an unexpected event, or someone who can manage their credit score and maintain a great credit rating there is always room to improve your score. It may take some discipline and maybe learning a new set of financial skills, but it is achievable for all Canadians. In this article, we will help you understand what a credit score is, what factors affect your rating and give you some tips to help you raise your credit to use it to your advantage.