Mandatory depends on how you operate Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises. Canadian courts often scrutinize evidence of due diligence and documentation when adjudicating liability, making record keeping an essential risk control. Insurance policies in Canada are subject to provincial Insurance Acts, which govern cancellation provisions, policy wordings, and mandatory coverages. Many small businesses overlook the importance of cyber liability coverage, despite data breaches and ransomware attacks becoming more common across sectors.
Overview Ontario does not require one universal business insurance policy for every company. Requirements usually come from employment, vehicle use, and contract obligations. Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises. Canadian courts often scrutinize evidence of due diligence and documentation when adjudicating liability, making record keeping an essential risk control. Insurance policies in Canada are subject to provincial Insurance Acts, which govern cancellation provisions, policy wordings, and mandatory coverages. Many small businesses overlook the importance of cyber liability coverage, despite data breaches and ransomware attacks becoming more common across sectors.
Coverages that are often required Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises. Canadian courts often scrutinize evidence of due diligence and documentation when adjudicating liability, making record keeping an essential risk control. Insurance policies in Canada are subject to provincial Insurance Acts, which govern cancellation provisions, policy wordings, and mandatory coverages. Many small businesses overlook the importance of cyber liability coverage, despite data breaches and ransomware attacks becoming more common across sectors.
Important Risks • 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 • Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises. • Canadian courts often scrutinize evidence of due diligence and documentation when adjudicating liability, making record keeping an essential risk control.
What is not mandatory but is often essential Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises. Canadian courts often scrutinize evidence of due diligence and documentation when adjudicating liability, making record keeping an essential risk control. Insurance policies in Canada are subject to provincial Insurance Acts, which govern cancellation provisions, policy wordings, and mandatory coverages. Many small businesses overlook the importance of cyber liability coverage, despite data breaches and ransomware attacks becoming more common across sectors.
Coverage Highlights • 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 • Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises.
Talk to Boardwalk Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises. Canadian courts often scrutinize evidence of due diligence and documentation when adjudicating liability, making record keeping an essential risk control. Insurance policies in Canada are subject to provincial Insurance Acts, which govern cancellation provisions, policy wordings, and mandatory coverages. Many small businesses overlook the importance of cyber liability coverage, despite data breaches and ransomware attacks becoming more common across sectors.
Risk Management 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. Reviewing indemnity clauses and additional insured requirements in contracts can prevent coverage gaps and disputes if a claim arises. Canadian courts often scrutinize evidence of due diligence and documentation when adjudicating liability, making record keeping an essential risk control. Insurance policies in Canada are subject to provincial Insurance Acts, which govern cancellation provisions, policy wordings, and mandatory coverages. Many small businesses overlook the importance of cyber liability coverage, despite data breaches and ransomware attacks becoming more common across sectors.
