Commercial insurance is modular 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 Most Ontario business insurance programs combine property and liability, then add endorsements based on operations. The right mix depends on what you do, where you operate, and what contracts require. 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.
Common coverage types 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 • Commercial general liability for third party injury and property damage claims • Commercial property for buildings, contents, and stock after covered losses • Professional liability for errors, omissions, or advice related allegations • Commercial auto for vehicles used in business operations • Business interruption for lost income and ongoing expenses after a covered loss • Equipment breakdown for sudden failure of certain machinery or electronics • Cyber coverage for breach response, liability, and digital interruption • Crime coverage for theft, fraud, and employee dishonesty exposure where relevant
How to pick the right mix 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 • Start with your highest severity scenarios, not only common scenarios • Review customer, landlord, and lender requirements early • Update values and operations annually so coverage stays aligned • 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.
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 clean coverage map for your business, we can translate your operations into a program that matches how insurers underwrite risk in Ontario. 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.
