Comprehensive Business Insurance - Burlington
Protect Your Livelihood with Affiliated Insurance
The road to a successful business isn’t always smooth. Along the way, you may find some hiccups and unforeseen events that are frustrating at best, and threatening at worst. With the right small business insurance, we can help you conquer most obstacles and ensure your business survives anything.
We provide different coverage options tailored to your needs, your insurance policy can shield you from lawsuits, natural disasters, equipment breakdown, and much more. Affiliated Insurance can help you get the best commercial insurance coverage in Burlington plan at affordable rates. Our team of experts is ready to protect your business while you focus on achieving your goals.
Get a free quote from a Burlington Business insurance broker now!
Why Choose Affiliated Insurance?
We're Independent
As an independent agency, our clients are our top priority- not the insurance company. When a claim arises, we are your advocates, always helping throughout the process. Our Ontario business insurance experts are great at claims advisory, and they use their knowledge to help you.
We Offer Customized Solutions
Our brokers work hard to get you the best deal that suits your needs and budget. You don’t have to worry about overpaying for coverage you don’t need. We tailor a business insurance policy just for you. Get adequate coverage at an affordable price with Affiliated Insurance.
We're Tech-Savvy
We always keep up with the latest insurance trends. The technology we invest in helps us identify insurance gaps in your policy, so you have the right coverage you need. Moreover, we have an online self-service portal where you can submit a claim, view payment details, and submit a policy change request at your own convenience.
What Does Business Insurance in Burlington Cover?
Commercial General Liability Insurance in Burlington
Commercial General liability insurance (CGL) is an essential insurance coverage for all businesses. It protects your business from lawsuits and claims of bodily injury and property damage, covering legal fees and medical bills.
Commercial Property Insurance
Your business property, whether owned or leased, shelters your ambitions. With commercial property insurance coverage, you can protect it from damage from instances like fire, severe weather conditions, vandalism, theft, hail, or wind. Commercial property insurance covers the cost of rebuilding or repairing the damaged property.
Commercial auto insurance
If you use your car for business-related tasks, like delivering products or people, you are required to get commercial auto insurance.
Your car insurance covers personal use only. Any car used for business operations is required to get commercial coverage. If you use more than 4 cars, you may get fleet insurance instead of a separate policy for each vehicle.
Business Interruption Insurance
Also known as business income insurance, this coverage helps your business when operations shut down temporarily because of a covered event. It covers lost income and ongoing expenses. Without this coverage, you might eventually have to shut down the business permanently. It is usually an add-on to a policy, not sold separately.
Professional Liability Insurance
This business insurance coverage protects your business from small mistakes and errors that may lead to lawsuits. For example, a client may accuse you of negligence or failure to deliver the project on time, leading to an expensive lawsuit. Professional liability insurance pays for the legal fees and settlement amount.
Cyber Insurance
Cyber insurance, also known as cyber liability insurance, protects businesses from digital threats, including ransomware attacks, data theft, and other similar incidents. It pays to mitigate financial losses from these attacks, helping the business to recover smoothly. It’s an essential coverage in today’s digital world.
Commercial Umbrella Liability Insurance
Umbrella liability insurance is a very useful business insurance add-on. It covers your business when your existing policy reaches its limits by paying the additional amount. For example, if your company is sued for $3 million in liability and your coverage limit is $2 only, commercial umbrella liability insurance covers the rest.
Business Owner’s Policy
BOP is a bundled policy that combines multiple coverages, usually CGL, commercial property, and business interruption, at a lower rate.
Who Needs Business Insurance in Burlington?
Having commercial insurance is a crucial aspect for anyone running a business in Burlington, regardless of size or industry. This includes:
- Retailers & Restaurants: to protect property, inventory, and cover liability risks.
- Contractors & Tradespeople: for job site injuries, equipment, and legal requirements.
- Professional Services, like consultants or accountants, to protect against errors or negligence.
- Commercial Vehicle Owners: for vehicles used in daily operations.
- Property Owners & Landlords: to insure buildings and protect against tenant-related risks.
- Home-Based Businesses: since home insurance often doesn’t cover business activity.
- Tech & Online Businesses: for cyber liability and data protection.
If you operate any kind of business in Burlington, commercial insurance helps you manage risk and meet legal or client requirements.
Is business liability insurance mandatory in Burlington?
A business insurance policy is not mandatory by law in Burlington, Ontario. However, some coverages are required under some regulatory laws:
- Workers’ Compensation Insurance: Workers’ Comp is obligatory if you have 4 or more employees in non-construction sectors. If you’re a construction contractor, you need coverage for as few as one employee.
- Commercial Auto Insurance: is required if you use any vehicles for business operations. Personal car insurance doesn’t cover business use.
- Professional Liability Insurance: may be required by some clients or for some professions, like lawyers and healthcare professionals.
While other types of business insurance, like general liability or property insurance, aren’t legally required, they are still highly recommended to protect against potential risks and liabilities.
Want coverage that fits all your insurance needs? Get a free quote from Burlington insurance brokers now!
How much does commercial insurance cost in Burlington?
Commercial insurance costs depend on many factors, like business location, size, risk factors, industry, and more. Each coverage is calculated separately. Here’s an estimated cost of having a business insurance policy in Burlington.
- General Liability Insurance: $500 – $2000
- Commercial Property: $750 – $2500+
- Commercial Auto: $1200 – $3500+
- Professional Liability: $600 – $2500
- Cyber Liability: $750 – $2500
- Business Owner’s Policy (BOP): $1000 – $3000
Factors that Impact Insurance Costs in Burlington
As you may notice, insurance prices vary. Here are some of the factors that impact the insurance premium cost.
- Business industry: Industries with high risk factors, like construction and healthcare, are more expensive to insure than low-risk industries, like marketing.
- Business size/revenue: The bigger the business is, the more assets to protect. Big companies pay more than small businesses.
- Location: Factors like crime stats and natural disasters affect the insurance premium.
- Coverage types and limits: Higher limits and more coverage types provide more protection and security, but the costs add up.
- Claims History: If your claims history is clean, you get a lower insurance price.
- Years of experience: New businesses are perceived as high risk, so they get higher rates in comparison to seasoned companies.
How to Get Cheap Business Insurance in Burlington
These are some expert tips to get affordable commercial insurance in Burlington.
- Financial planning: Fit your insurance policy around your budget, not the other way around. Expert insurance brokers at Affiliated can help you find affordable insurance that covers your needs.
- Bundle Your Policy: A policy bundle, like BOP, is cheaper than buying each policy separately.
- Review your policy: Read your insurance documents carefully to ensure you’re not paying for coverage you don’t need. Review it annually to update coverage as needed.
- Increase your insurance deductible: Increasing the deductible decreases the premium by default. Make sure the deductible is still doable at any point.
- Implement risk management strategies: Installing security systems, training employees, and regularly maintaining equipment are all ways to get a discount and decrease the likelihood of claims.
Our Business Insurance Solutions
We provide small business insurance coverage to many industries. A team of advisors designs a specialized insurance plan that caters to the needs of your industry.
Get a Quote
As a business owner, we want you to focus on the growth and continuity of your business. Let us take care of the risks and unexpected events. Contact us to learn more or fill out the online form to get a free online quote.
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We Also Serve These Locations
- Contractors Insurance Ontario
- Contractors Insurance Toronto
- Fleet Insurance Ontario
- Commercial Property Insurance Ontario
Business Insurance, Burlington FAQs
It varies. Low-risk businesses may find coverage quite affordable, while high-risk industries like construction or food services tend to pay more due to greater liability exposure.
It protects your business from unexpected losses, like lawsuits, property damage, or cyberattacks, helping you stay financially secure and compliant with contracts or legal requirements.
A broker helps you compare quotes, find tailored coverage, and navigate complex policy terms for free, since they’re paid by the insurer, not you.
Get a Quote
Don’t let anything stand in the way of your business’s growth. You are protected with business insurance. Get a quote now!