Business Insurance in Ontario

Most Ontario businesses start with commercial general liability and property coverage. Additional coverages such as professional liability, cyber or commercial auto depend on your industry and contracts.

Yes. Many leases and service contracts require proof of insurance with specific limits and additional insureds. We prepare certificates for you at no extra cost.

Any business that handles customer data, accepts online payments or relies on digital systems can face significant costs from a breach or ransomware incident. Cyber coverage helps with response, recovery and liability.

Yes. We work with both standard and specialty markets and can place coverage for startups, niche industries and complex risks.

Ontario law requires commercial auto insurance for any vehicle used for business purposes, and most regulated professions (lawyers, engineers, accountants, real estate agents) must carry professional liability insurance as a condition of licensing. Businesses with employees must register with WSIB. Beyond these requirements, your contracts with landlords, clients, and government bodies typically require specific liability limits. BrokerUnion reviews your full regulatory environment and compares coverage from 50+ carriers.

A $2 million commercial general liability (CGL) policy for a low-risk Ontario service business typically starts at $500 to $1,500 per year. Professional liability (E&O) starts at $800 to $2,500 per year. Most Ontario small businesses pay $2,000 to $8,000 per year for a basic commercial package. BrokerUnion compares quotes across 50+ carriers to find the most competitive rate for your business profile.

A Certificate of Insurance (COI) is a document summarizing your coverage that confirms you meet a contract's insurance requirements. To get one, contact your BrokerUnion broker with the specific requirements from your contract. BrokerUnion can typically issue a COI within one business day at no charge.

Any Ontario business that stores customer data faces significant cyber risk. Canada's PIPEDA Breach of Security Safeguards Regulations require mandatory breach reporting. Cyber liability insurance covers breach response costs, legal fees, and regulatory fines. BrokerUnion compares cyber coverage from multiple carriers for Ontario small businesses.

For commercial insurance, a BrokerUnion broker will follow up within one business day to compare options across 50+ carriers for your specific business type and risk profile. Start your request at brokerunion.ca/quote or call (905) 492-7070. There is no broker fee, BrokerUnion is paid by the carrier you choose.