BUSINESS INSURANCE
Connecting you with insurance solutions that work.
Enabling you to focus on building your business. Protecting what matters in Ontario, for over 70 years.
BUSINESS INSURANCE
Protecting what matters most to you is our top priority. It’s what we’re here for.
At Gifford Carr Insurance Group we are motivated to see our local businesses and neighbours succeed. We believe in building our business based on trust. Connecting you with solutions that work. With the right insurance, you can focus solely on building your dreams, your business, your priorities. Without the worry of what if. We understand that insurance is not trendy. It’s a necessity. It matters.
What is Business Insurance?
Business insurance, known formally as commercial insurance, is a policy that provides financial protection against common liability claims or lawsuits brought against you and your business. No matter the size or nature of your business, we work with you to understand your business operations and goals to ensure the coverage is in place to protect your business as you grow.
Mistakes happen. Regardless of the industry, commercial business insurance is essential. It is a proactive risk management tool and an integral part of your business plan. As careful as you may be, there are unforeseen events that can happen to every business. Protect your hard work with a Commercial Business Insurance policy that fits your unique needs.
What factors into the cost of Business Insurance?
The cost of your insurance premium will vary based on several factors, including:
- Industry
- Level of Experience
- Annual Revenue
- Number of Employees
- Scope of Operations
- Location
Business Insurance Solutions
How is Gifford Carr different?
We are on your team. Our team is what sets us apart. With industry knowledge, experience, and niche areas of expertise, their level of knowledge is second to none. From policy placement and renewals to claims management, certificates of insurance, and any other changes along the way, you can trust that our team has you protected. Our team approach on each and every one of our accounts, ensures you are taken care of. Protecting what matters most to you is our top priority.
We are your local broker. Engrained in our local communities, our locations in Ottawa, Burlington, North Bay, and Sudbury serve local communities across Ontario. We combine the warm, family feel of a local small business with the big city convenience of access to insurance solutions nationwide.
We work for you. As a fully independent insurance brokerage licensed across Canada, we have valuable relationships with all the leading insurance companies from coast to coast. Providing you access to solutions nationwide while offering customized service from your local Gifford Carr broker. We are motivated to see our local businesses and neighbours succeed. We work for you, our client.
FAQ
What insurance is mandatory for Ontario businesses?
Mandatory is probably the wrong word. If you have property and equipment that has a loan or a lease, the lending institution will demand coverage for that property or equipment. There is no governing body out there that will dictate the purchase of insurance otherwise. But, is it highly recommended? Definitely. Where coverage is required is on vehicles, and the only mandatory piece is the third-party liability and accident benefits portion. But again, unless there is a lender or lease on the vehicle requiring it, we do not have to buy coverage for damage to the vehicle (even if it is highly recommended*).
Do you need business insurance in Ontario?
If you are running a business, you should insure your business operations with a general liability policy as a minimum, but to properly protect your business, property, business interruption, crime, and cyber coverage should all also be considered. The list can go on. And to the point of commercial auto insurance, if you have a vehicle that should be insured, even if it is not loaned or financed.
Is liability insurance a type of business insurance?
General liability is one of many coverage options that a business would need. But that question is too simple to cover the variety of other insurance that would be needed by a business.
Insurance is not a one size fits all solution. An insurance package would have to be tailored to the individual business – and that is what we are here for. To find the customized insurance solution fit for your business.
