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Get the best commercial insurance rates & coverage in Toronto
KBD is a Canadian insurance broker pairing 40+ years of industry expertise with a seamless & modern client experience.
We offer a tailored business insurance service to small and medium sized companies in Toronto and throughout Ontario.
Comparing rates from Canada’s leading insurance companies
Commercial insurance coverage we provide to Toronto businesses
General liability
Covers product liability for your small or medium sized company. Whether you're running an established business in the GTA or a startup in downtown Toronto, we’ll find the appropriate coverage for you.
Property insurance
This coverage protects your company’s building, equipment, contents, and more. Property insurance can also cover you for accidents related to fire, theft and water damage.
Professional liability
This protects you and your business against claims related to professional negligence – it’s commonly referred to as errors and omissions insurance.
Speak with the same commercial insurance broker every time you call
When you work with KBD as a commercial insurance client, a dedicated broker will be assigned to your account. You’ll be in good hands with a broker who is familiar with your industry and business’ needs. That means that you’ll save time – and keep your peace of mind.
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Toronto commercial insurance - FAQs
How much is commercial insurance in Toronto?
Like most things insurance related, that depends.
The cost of commercial insurance in Toronto varies by the size and type of business, annual revenue, the location, and the coverage required.
And we tailor each business insurance policy to the individual client’s needs.
Put simply, commercial insurance in Toronto can range from a few hundred dollars to tens of thousands of dollars per year (and in many other cases, even more), depending on the amount and type of coverage your business requires.
Here’s an excellent blog that explains how we calculate your annual commercial insurance cost.
If you’re looking for an accurate estimate on your business insurance, give the team at KBD a call.
Our commercial insurance brokers will be happy to provide a personalized quote.
What kind of insurance do I need for my business in Toronto?
Every company has different needs based on their location, industry, annual revenue, and more.
That covered, some common types of insurance that businesses in Toronto need include:
- General liability Insurance: This covers third-party claims for bodily injury, property damage, and personal injury that may occur on your business property.
- Property insurance: Covers damage or loss to your business property, including buildings, equipment, and inventory.
- Business interruption insurance: This type of insurance covers loss of income and expenses if your business has to close temporarily due to a covered loss, such as a fire.
- Professional liability insurance: Protects against claims of professional negligence or errors in professional services provided by your business.
- Commercial auto insurance: Covers vehicles used by your business, including liability and damage to the vehicle.
Your insurance broker can advise you on the specific types of insurance that your business needs, so that you can ensure that you’re in compliance with any legal or industry-specific requirements.
We can help with that.
How much insurance should I get for my small business in Toronto?
That depends on a few different factors.
The amount of insurance you should have in place for your small business in Toronto depends on the type of business, the location and the assets you have.
Generally, we recommend having enough insurance to cover the value of your assets and any potential liabilities.
Because insurance needs change from business to business, it’s a good idea to speak with an insurance broker who can recommend the appropriate coverage.
Pro tip: Review your insurance coverage regularly as your business grows and evolves. At a minimum, consider getting liability insurance and property insurance.
Looking for a commercial insurance quote? We can help with that.
How much is a $2 million dollar insurance policy for a business?
As usual, commercial insurance costs vary – but we’ll keep the answer as simple as possible.
Keep in mind that there are several factors that affect how much $2 million in coverages will cost your business.
By far, the biggest determining factor is your business’ annual revenue.
BUT, other factors like the industry you work in, the size of the business, the location and the kind of coverage that you purchase, as well as the number of employees and your claim history can all affect your rate.
For example, if you operate a business in an industry that’s considered “high risk,” your insurance premium will typically be higher.
That’s why we recommended getting a personalized business insurance quote to get a better idea of how you should budget.
Need a quote?
How do I find a good business insurance broker in Toronto?
Commercial insurance can be a big expense, so you’ll want to ensure that you choose an insurance broker or company that can provide the right service for you.
There’s a few different ways that you can find the right business insurance provider in Toronto.
Here are a few places to start:
- Get recommendations from your network
- Review online ratings and compare their services and prices
- Check that the broker is licensed with the local insurance regulator
- You may want to meet with a few different brokers to get a sense of their expertise and to see if you feel comfortable working with them
KBD is a registered Ontario commercial insurance broker providing business insurance to companies in Toronto and throughout the province.
Ready for a business insurance quote? We’ll be happy to help.
What kind of insurance do startup companies need?
Startup companies often keep their expenses pretty lean.
Nonetheless, if you’re running a startup business in Toronto, you’ll want to make sure that you have the right commercial insurance coverages in place.
That way, the growth of your business won’t be interrupted in the event of an accident, cyber attack, or lawsuit.
Big lawsuits can bankrupt your company; this is why insurance should be a necessary part of your budget.
Generally speaking, startup companies need several types of insurance to protect their business, which includes:
- General liability insurance: Covers third-party claims of bodily injury or property damage.
- Professional liability insurance: Covers errors or omissions related to the company’s services or products.
- Property insurance: Protects physical assets like your building, stock, office contents, and more.
- Cyber insurance: Protect against data breaches and online hacking.
Looking for an insurance quote for your startup? Get in touch.
How much is commercial insurance in Toronto?
Like most things insurance related, that depends.
The cost of commercial insurance in Toronto varies by the size and type of business, annual revenue, the location, and the coverage required.
And we tailor each business insurance policy to the individual client’s needs.
Put simply, commercial insurance in Toronto can range from a few hundred dollars to tens of thousands of dollars per year (and in many other cases, even more), depending on the amount and type of coverage your business requires.
Here’s an excellent blog that explains how we calculate your annual commercial insurance cost.
If you’re looking for an accurate estimate on your business insurance, give the team at KBD a call.
Our commercial insurance brokers will be happy to provide a personalized quote.
How much is a $2 million dollar insurance policy for a business?
As usual, commercial insurance costs vary – but we’ll keep the answer as simple as possible.
Keep in mind that there are several factors that affect how much $2 million in coverages will cost your business.
By far, the biggest determining factor is your business’ annual revenue.
BUT, other factors like the industry you work in, the size of the business, the location and the kind of coverage that you purchase, as well as the number of employees and your claim history can all affect your rate.
For example, if you operate a business in an industry that’s considered “high risk,” your insurance premium will typically be higher.
That’s why we recommended getting a personalized business insurance quote to get a better idea of how you should budget.
Need a quote?
What kind of insurance do I need for my business in Toronto?
Every company has different needs based on their location, industry, annual revenue, and more.
That covered, some common types of insurance that businesses in Toronto need include:
- General liability Insurance: This covers third-party claims for bodily injury, property damage, and personal injury that may occur on your business property.
- Property insurance: Covers damage or loss to your business property, including buildings, equipment, and inventory.
- Business interruption insurance: This type of insurance covers loss of income and expenses if your business has to close temporarily due to a covered loss, such as a fire.
- Professional liability insurance: Protects against claims of professional negligence or errors in professional services provided by your business.
- Commercial auto insurance: Covers vehicles used by your business, including liability and damage to the vehicle.
Your insurance broker can advise you on the specific types of insurance that your business needs, so that you can ensure that you’re in compliance with any legal or industry-specific requirements.
We can help with that.
How do I find a good business insurance broker in Toronto?
Commercial insurance can be a big expense, so you’ll want to ensure that you choose an insurance broker or company that can provide the right service for you.
There’s a few different ways that you can find the right business insurance provider in Toronto.
Here are a few places to start:
- Get recommendations from your network
- Review online ratings and compare their services and prices
- Check that the broker is licensed with the local insurance regulator
- You may want to meet with a few different brokers to get a sense of their expertise and to see if you feel comfortable working with them
KBD is a registered Ontario commercial insurance broker providing business insurance to companies in Toronto and throughout the province.
Ready for a business insurance quote? We’ll be happy to help.
How much insurance should I get for my small business in Toronto?
That depends on a few different factors.
The amount of insurance you should have in place for your small business in Toronto depends on the type of business, the location and the assets you have.
Generally, we recommend having enough insurance to cover the value of your assets and any potential liabilities.
Because insurance needs change from business to business, it’s a good idea to speak with an insurance broker who can recommend the appropriate coverage.
Pro tip: Review your insurance coverage regularly as your business grows and evolves. At a minimum, consider getting liability insurance and property insurance.
Looking for a commercial insurance quote? We can help with that.
What kind of insurance do startup companies need?
Startup companies often keep their expenses pretty lean.
Nonetheless, if you’re running a startup business in Toronto, you’ll want to make sure that you have the right commercial insurance coverages in place.
That way, the growth of your business won’t be interrupted in the event of an accident, cyber attack, or lawsuit.
Big lawsuits can bankrupt your company; this is why insurance should be a necessary part of your budget.
Generally speaking, startup companies need several types of insurance to protect their business, which includes:
- General liability insurance: Covers third-party claims of bodily injury or property damage.
- Professional liability insurance: Covers errors or omissions related to the company’s services or products.
- Property insurance: Protects physical assets like your building, stock, office contents, and more.
- Cyber insurance: Protect against data breaches and online hacking.
Looking for an insurance quote for your startup? Get in touch.