Mandatory depends on how you operate
Ontario does not require one universal business insurance policy for every company. Requirements usually come from employment, vehicle use, and contract obligations.
Coverages that are often required
• WSIB registration for many businesses with employees, depending on classification and rules • Commercial auto coverage when a vehicle is used for business beyond commuting • Proof of insurance required by landlords, lenders, and many clients
What is not mandatory but is often essential
• General liability to protect against third party injury and property damage claims • Property coverage if you would struggle to replace equipment or stock after a loss • Business interruption if downtime would destabilize cash flow • Cyber coverage if you handle customer data or rely heavily on connected systems
Talk to Boardwalk
If you want a clear answer for your specific operation, we can review your activities and contracts and confirm what is required and what is simply smart.