Protecting Businesses
Large & Small

All Risks – Business Insurance Ontario

Working with a broker/brokerage with a solid reputation for service will be instrumental –especially in the midst of a claim (minor or severe). Often cited as a top consideration when selecting which insurance brokerage to work with is the reputation the brokerage has for efficient and friendly claims management.

Another telltale sign regarding customer satisfaction is a brokerage’s “Retention Rates”. The percentage of policies that are renewed with a brokerage will send a clear message about their level and effectiveness of customer satisfaction. Customers stay longer when they are satisfied with the service they have received, whether it involves a claim or not. Your insurance broker can provide you with this information, before you decide which of their carriers you will opt to select for your insurance policy(ies).

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Types of Products

The most common types of business insurance (commercial insurance) purchased by a company are:

  1. Standard commercial property & casualty (P&C) policies such as: Property, General Liability, Umbrella.
  2. Directors & Officers (D&O) or general partner liability.

The specific policy terms and conditions will differ between insurers. However, even though the core insurance products are standard P&C coverages, most companies require:

  1. Specialty coverage(s) such as: Environmental Insurance; Accident & Health
  2. Management liability products such as: Employers Professional Liability (EPL).

Your All-Risks Insurance broker will look for an insurer that offers a broad array of products in order to simplify the administration of what could be a complex insurance program.

Price

Price is important to anyone – personally or professionally. However, it is critical to understand that no matter which brokerage or insurer you are working with, the specific variables and/or needs of your protection will influence the insurance premium or cost for the policy. Factors such as: the liability limit for the policy, required coverage or deductible, where the insured property is located, and even specific characteristics of the property will influence overall policy premium.

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If you are looking for a business insurance quote in Ontario, please contact us. We also have online business quoting options for commercial property and commercial auto available at all the All-Risks locations across Ontario.

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