Newmarket, Ontario has come a long way over the years. What was once a quiet farming community and market town has rapidly become a popular destination because of its close proximity to both Toronto and cottage country, easy access to 400-series highways and it’s affordable housing. It is now known as a destination for progressive environmental projects and its diverse economy. These days you’ll find all types of businesses and industries in Newmarket including:
- Beauty and Fashion
- Advertising agencies
- Health care services
- Financial services and estate planning
- Health & wellness
- Home improvement
- Real estate
- Manufacturing
- Tech companies
- Confectionery manufacturing
While Newmarket businesses cover a wide range of industries and come in all shapes and sizes, one thing they all have in common is the need for risk management. Regardless of whether you’re operating a large multinational manufacturing business, a small legal firm or a contracting business from your home, successful businesses are the ones that protect themselves from the worst-case scenario. This is where we come in. Our expertise is protecting businesses from risks and potential liability.
Click here and get an online quote for Commercial Insurance in Newmarket in minutes or call us at 1 (855) 777 4376
Types of Commercial Insurance Products for Newmarket Businesses
Regardless of the size of your Newmarket business, Insurance Hero’s commercial insurance products are tailored to your specific needs so that you don’t have more, or less, coverage than you need. While no two businesses are exactly the same, there are some commercial insurance products that are universal and provide basic risk coverage that all businesses need. Some of them include:
Commercial General Liability Insurance (CGL)
CGL insurance offers protection to your business in case of lawsuits alleging that someone was injured on your property or that your business operations led to property damage. If your business is found to be liable, your commercial general liability insurance can cover your Newmarket business’s legal costs and awards for damages. Accidents are a part of life and your business needs to be protected in case one of them leads to legal action.
Commercial Property Insurance
Another part of life is natural disasters like fires, floods and ice storms. Whether your business is leasing in Newmarket or owns its own building, you will likely need some level of commercial property coverage. If you are renting your workspace, you still need to protect your machinery, equipment, office supplies and any upgrades you’ve made to the unit you’re leasing. As an owner of the building, you simply can’t afford to leave your property unprotected.
Equipment Breakdown Insurance / Boiler & Machinery Insurance
For Newmarket businesses that rely on machinery such as electrical and mechanical equipment for their day-to-day operations, this type of commercial insurance protection can cover their costs in case of that equipment breaking down. Typical equipment that can be covered may include HVAC systems, hot water heaters, cash registers, office equipment and phone systems to name a few.
Click here and get an online quote for Commercial Insurance in Newmarket in minutes or call us at 1 (855) 777 4376
Small Business Insurance or Commercial Insurance for your Home-Based Newmarket Business
If you’re running a business from your Newmarket home, your home insurance policy may not cover your business property in case of peril. In fact, if the worst happens and your home is damaged due to your business activities, your home insurer could very well void your policy, leaving you without coverage when you need it most. Small business insurance is an affordable solution for protecting your home and your business while giving you peace of mind.
Commercial Auto Insurance
Newmarket businesses that rely on motor vehicles as part of their commercial activities are required to have commercial auto insurance. The same is true if you’re renting our recreational vehicles, working part-time as a delivery driver or as a driver with a ride-sharing program. Just like a home or condo insurance policy is not meant for home businesses, your home and auto insurance policy is not meant for business use. If you’re involved in an accident while on the job, your personal automobile insurance policy will not cover you. If you are at fault for the accident, you will have to pay the costs of the accident and injuries out-of-pocket.
Click here and get an online quote for Commercial Auto Insurance in Newmarket in minutes or call us at 1 (855) 777 4376
