Entrepreneurship & Small Business

Ask me anything about Business or Commercial Insurance!

Sr. Member
User avatar
Dec 17, 2003
620 posts
80 upvotes
Hamilton
I'm looking to run a half-day outdoor fundraiser (rain barrel sale) for our local minor baseball team, and the property manager that we look to host at requires us to be covered by special event insurance. What does this cover and generally what will it set us back?
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Newbie
Nov 11, 2006
77 posts
What insurance I need and what would be the cost for a small (600sq ft) snack shop in downtown toronto (dundas square), such as Wanda's Waffle that is mainly for take out with 5-8 seats (mostly standing)?
Newbie
Oct 11, 2009
13 posts
4 upvotes
Toronto
I'm applying Blvd marketing permit, and it states i need 2m Commercial General Insurance.

I called couple brokers, most of them have no idea what kind of insurance i am looking. All i want is short term insurance for my shop (I am not sure how long the business will last) so i can get the marketing permit on the side walk during summer months.

anyone can help?
Newbie
Aug 31, 2008
15 posts
4 upvotes
Hi.
If I own a small IT consulting business (inc.) and just about to buy a car. Which one below is the best for me:

1. Register the car on my own name, use my own insurance and bill the company incentive
2. Register the car as a company car and use the company insurance
3. Register the car as a company car but use personal auto insurance (I heard this is doable)

Thanks.
[OP]
Sr. Member
User avatar
Jan 8, 2009
808 posts
66 upvotes
GTA
ly8606 wrote:
Jan 5th, 2015 12:53 pm
Hi.
If I own a small IT consulting business (inc.) and just about to buy a car. Which one below is the best for me:

1. Register the car on my own name, use my own insurance and bill the company incentive
2. Register the car as a company car and use the company insurance
3. Register the car as a company car but use personal auto insurance (I heard this is doable)

Thanks.
You can do them all! Are you going to carry any equipment/supplies in the vehicle or will it have any decals/advertisement?
Insurance & Financial Advisor

All posts on this forum are for information purpose only and can't replace your policy contract. Please contact your own broker, agent or company before acting on my suggestions. There is more to insurance than just price!
[OP]
Sr. Member
User avatar
Jan 8, 2009
808 posts
66 upvotes
GTA
dani_toronto wrote:
Jan 5th, 2015 1:27 pm
OP: I PM'ed you last week.
Replied
Insurance & Financial Advisor

All posts on this forum are for information purpose only and can't replace your policy contract. Please contact your own broker, agent or company before acting on my suggestions. There is more to insurance than just price!
Newbie
User avatar
Aug 20, 2014
23 posts
1 upvote
Westmount, QC
Hi, we are launching a new printing and promotional product business in Montreal.
It will be set at our home, so I get I need to have both a home insurance and a commercial insurance?

We will have about 50,000 in equipment to insure. Maybe 10,000 in inventory and that's it. We don't need coverage for errors and omission.
We will use our private cars and pay ourselves the kilos for it. Do we need commercial insurance for the cars as well?

Thanks in advance! :)
Newbie
Apr 25, 2017
17 posts
3 upvotes
We have a small clothing alterations and repairs shared with a dry cleaning shop. We sub-leased 1/2 the rent. What type of insurance should we buy? Can we buy the insurance for our part only? The landlord said if we buy insurance we should buy for the whole shop too (include for her own half). Is that right? Thanks.
Last edited by cgy1984 on Oct 28th, 2016 12:46 am, edited 1 time in total.
Sr. Member
User avatar
Aug 15, 2013
581 posts
278 upvotes
Guelph
I had a question for liability insurance. I work for a company, we have a small plant and an office building.

So when we hire services of electricians, plumbers, snow removal guys etc, do we have to have insurance coverage to cover if they were to get injured on our site? I mean they are employees of some other company or sole proprietors, and us the customers. So i would think as customer you are not responsible to have insurance for your supplier. Also, does the supplier(plumber, snow removal etc) having WSIB coverage remove the risk of liability insurance for an injury on our site? Should we even need them to have WSIB coverage?

Thanks.
[OP]
Sr. Member
User avatar
Jan 8, 2009
808 posts
66 upvotes
GTA
cgy1984 wrote:
Mar 19th, 2015 3:04 pm
We have a small clothing alterations and repairs shared with a dry cleaning shop. We sub-leased 1/2 the rent. What type of insurance should we buy? Can we buy the insurance for our part only? The landlord said if we buy insurance we should buy for the whole shop too (include for her own half). Is that right? Thanks.
Coverage will be for the whole unit. You sub-tenant can apply for their own equipment/supplies/liability requirement.
Insurance & Financial Advisor

All posts on this forum are for information purpose only and can't replace your policy contract. Please contact your own broker, agent or company before acting on my suggestions. There is more to insurance than just price!
[OP]
Sr. Member
User avatar
Jan 8, 2009
808 posts
66 upvotes
GTA
dundeal wrote:
Mar 27th, 2015 10:48 am
I had a question for liability insurance. I work for a company, we have a small plant and an office building.

So when we hire services of electricians, plumbers, snow removal guys etc, do we have to have insurance coverage to cover if they were to get injured on our site? I mean they are employees of some other company or sole proprietors, and us the customers. So i would think as customer you are not responsible to have insurance for your supplier. Also, does the supplier(plumber, snow removal etc) having WSIB coverage remove the risk of liability insurance for an injury on our site? Should we even need them to have WSIB coverage?

Thanks.
Best to make sure they have their own coverage
Insurance & Financial Advisor

All posts on this forum are for information purpose only and can't replace your policy contract. Please contact your own broker, agent or company before acting on my suggestions. There is more to insurance than just price!
Deal Addict
Nov 18, 2005
4404 posts
789 upvotes
Kitchener
Electrical contractor that is planning on getting licensed with the Ontario Electrical Safety Authority (ESA), $2mil liability required by the ESA, one employee, mostly residential work at other peoples houses, maybe some commercial. one late model company/personnel truck, $20,000 in tools, will use my house garage as an office/ storage area/ business address, don't need a shop. Annual insurance estimate?
Deal Fanatic
Sep 21, 2004
7891 posts
568 upvotes
I'm looking at setting up a consulting business for engineering consulting services. This is only for a side business by either myself and maybe my wife. income would be predicted at less than $20ka year and vehicle usage for business would be 10%. Only assets would be the car and anything else in the home office.

What kind of rates would I be expecting for business liability and business car travel?

Since the anticipated income is so low, it would seem crazy to pay a large percentage of income for insurance. Eg. I'd rather not claim the vehicle for business usage, etc.

Tia.

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