Retail Business Insurance in Ontario

Unforeseen circumstances can arise during any day-to-day operation of a small business so the importance of retail business insurance should not be ignored.

Things happen. If any liabilities should arise because of the equipment you use or the building in which you operate, your retail business insurance can protect you. In fact, it may be exactly what you need to stay in business.

Here are some of the questions about retail store business insurance that we get asked most here at Huronia Insurance Group.

Do I need retail business insurance for commercial general liability?

Liability claims can debilitate your business not only financially but also the excellent reputation you’ve worked so hard to build. Your bottom line and your relationships with clients are at risk. Having sufficient retail business insurance for General Liabilities is one of the best business decisions you can make as a business owner.

Should I have retail business insurance for a commercial property?

If the core of your business relies heavily on your location, or on your inventory, equipment, and any electronics within your business environment, retail business property insurance is strongly recommended. See our Commercial Property Insurance page for more information.

Can retail business insurance also cover data breaches or cyber risks?

Many businesses today that collect significant amounts of customer data are also Internet accessible. If your data becomes breached, or your computer is held for ransom by hackers, your operations can grind to a halt until you regain control. Retail business insurance for this potentiality is prudent if you rely on data and/or online accessibility.

Can I buy retail business insurance for equipment breakdown?

Every business operates differently. If your business relies on equipment — electronic or otherwise — to keep the wheels turning, retail business insurance for equipment breakdowns is a valuable investment. Sudden equipment failure might sideline your business until out of pocket repairs or replacements can be made.

Is it necessary to have retail business insurance for a commercial vehicle?

How you use your vehicle for business purposes will determine if it requires retail business insurance for Commercial Auto. If you make deliveries to customers or transport incoming and outgoing freight in the vehicle, commercial vehicle insurance is mandatory. Coverage for lost wages and medical expenses during the aftermath of an accident are reason enough to consider this fundamental insurance coverage in Ontario. See our Commercial Fleet Insurance page if you operate more than one vehicle for business purposes.

About Huronia Insurance Group

For over two decades our Huronia business insurance brokers have serviced corporate, commercial, and retail business clients throughout southern Ontario, from Barrie to Toronto and all points in between.

Ask us about business insurance coverage for:

Directors & Officers

Umbrella Liability

Contractor Liability

To learn more about retail business insurance in Ontario, please contact our Huronia office by email or call our retail insurance brokers toll free at 1-866-955-8386. We can also be contacted through our online contact form.

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