Commercial & Business Insurance

Running a business is a big responsibility. To protect yourself, your employees, and your brand from risk, commercial insurance is a must.

Ron Johnston Insurance works with business owners across Ontario. We supply a wide assortment of commercial insurance products to fit every role and industry, including:

Small Business

Small businesses often have more at stake than enterprises, because you’re doing it all for yourself. Small business insurance helps protect your business location with physical damage and your employees and reputation from liability issues.

General Liability

In business, there are always room for errors, and general liability insurance is there to safeguard your reputation and income from costs related to:

• Injuries on your business property.
• Injuries caused by your company’s products.
• Damage to another person’s property by your company’s property or employees.
• Legal defence.

If your business rents a property and there is property damage, general liability insurance may also pay for repairs.

Commercial Auto

Like any vehicle on Ontario roadways, your commercial automobiles need to be covered by insurance. Commercial insurance protects your fleet from perils like:

• Fire
• Lightning
• Explosion
• Collision
• Theft
• Vandalism

Commercial auto insurance offers direct compensation, uninsured driver coverage, and a variety of bundling options.

Farm

Farms operate with a unique set of risks compared to office-based businesses. From livestock to crops to farming equipment, your commercial insurance needs to cover a much larger area of risk.

Farm insurance may include special coverage like:

• Property
• Machines and equipment
• Outbuildings
• Chemicals
• Livestock
• Farm aviation

Directors & Officers

The directors and officers in your company take on more culpability than other roles. Therefore, they require customized coverage to prevent financial loss and reputation damage. Directors & Officers insurance protects upper management from lawsuits for alleged wrongful misconduct toward vendors, staff, and customers.

Errors & Omissions

Even when we strive for perfection, mistakes happen. Errors & Omissions insurance protects you from legal costs associated with errors in your professional life. Many industries benefit from E&O insurance, most commonly those in:

• Law
• Medicine
• Finance
• Advisory
• Contracting
• Architecture
• Marketing

If a service causes damage to a clients’ reputation, career, or physical self, E&O insurance is there to prevent financial catastrophe.

Cybersecurity

The world has gone digital, and with the sharing of personal information online comes the risk of:

• Identity theft
• Hacking
• Data breach
• Information Leaks

Cybersecurity insurance covers you if important information goes missing or falls into the wrong hands.

What Does Commercial Insurance Cover?

Commercial insurance offers a broad range of coverage to business owners. In general, most business insurance provides coverage on:

• Physical Structures – The physical space where your business operates needs to be insured against damage and liability issues. Much like your home insurance, commercial structure insurance ensures you don’t lose money due to fire, explosion, hail, lightning, theft, vandalism, or smoke damage.
• Inventory – Any inventory inside physical structures on your business property is also protected by commercial insurance.
• Loss of Income – If your company is unable to operate due to weather, a global pandemic, or other reasons for closure, loss of income coverage helps pay rent, electric, and other fees required by your business until you’re earning again.
• Workers Compensation – If an employee is hurt while working for you, workers compensation coverage provides medical assistance for your staff member to get back on their feet. This helps prevent lawsuits and ensures your team is back to work happy and healthy.
• Liability – Liability issues result in many aspects of a business. Whether an employee trips on a loose piece of carpet or a customer has an allergic reaction to a product – liability insurance helps pay for medical fees, legal fees, and other costs associated with the issue at hand.