Most small businesses in Ontario need at minimum: General Liability Insurance (to cover third-party injury or property damage claims), Commercial Property Insurance (to protect physical assets), and if applicable, Professional Liability / Errors & Omissions Insurance for advice-based businesses. Contractors additionally need Builders Risk coverage. Insure MB assesses your business type, size, and risk exposure before recommending a coverage package.

General liability insurance (CGL) protects Ontario businesses against third-party claims of bodily injury, property damage, and advertising injury. For example, if a client slips and falls in your office, or your work accidentally damages a client's property, your general liability policy responds. It covers legal defense costs and any settlement or judgment up to your policy limit — the foundational business insurance policy for almost every industry.

General liability covers physical risks — injury or property damage caused to third parties during your business operations. Professional liability (E&O insurance) covers financial losses a client claims resulted from your professional advice, services, or failure to deliver. A consultant whose advice leads to a client's financial loss needs professional liability — general liability alone will not cover that type of claim.

Yes. Your personal home insurance policy explicitly excludes business-related claims. If a client visits your home office and is injured, or a business asset is stolen, your home policy will not respond. Home-based businesses need at minimum a home business endorsement — or better, a standalone commercial general liability and business property policy. Insure MB designs affordable coverage for freelancers, consultants, and home-based entrepreneurs.

A Business Owner's Policy (BOP) bundles General Liability, Commercial Property, and often Business Interruption coverage into one convenient policy — typically at a lower combined premium than purchasing each separately. BOPs are designed for small to mid-sized businesses with straightforward risk profiles: retail stores, offices, service providers, and consultants. Insure MB can assess whether a BOP fits your business or if a more customized approach is needed.

Business insurance costs in Ontario vary significantly by industry, revenue, number of employees, coverage limits, and claims history. A basic general liability policy for a small service business might start around $500–$1,500 per year, while a contractor, restaurant, or tech company may pay considerably more due to higher risk exposures. Insure MB provides customized quotes after a needs assessment — so you're not overpaying or underinsured.

Commercial insurance is designed to protect businesses, their assets, operations, and liabilities — as opposed to personal insurance which covers individuals and families. Commercial policies typically have higher coverage limits, broader liability protections, and specialized endorsements for specific industries. Personal auto, home, or life policies cannot substitute for commercial coverage — and using personal policies for business use can lead to denied claims.

Yes. Insure MB offers commercial auto insurance for Ontario businesses that own or operate vehicles for business purposes — including company cars, vans, trucks, contractor vehicles, and service fleets. Commercial auto covers vehicle damage, third-party liability, cargo, and employee use — all typically excluded under personal auto policies. Whether you have one company vehicle or a fleet, Insure MB can structure the right commercial auto coverage.

Builders Risk insurance protects buildings under construction or renovation from loss due to fire, theft, vandalism, or weather events during the build period. Any contractor, developer, or property owner undertaking a construction or renovation project in Ontario needs Builders Risk coverage — your standard commercial property policy typically excludes structures under active construction. Insure MB specializes in Builders Risk and contractor coverage for Ontario's construction sector.

To find a reliable commercial insurance broker in Ontario, look for RIBO-licensed brokers who specialize in business insurance, work with multiple insurers, and take time to understand your specific industry and risk profile. Insure MB is a RIBO-licensed commercial insurance broker with offices in Scarborough and North York, serving businesses across Ontario. Contact them at insure-mb.com/contact for a no-obligation commercial insurance consultation.