Question 1

What is business insurance?

Accepted Answer

Business insurance is a collection of coverages designed to help protect a company from financial loss related to liability claims, property damage, business interruption, cyber incidents, professional errors, vehicles, and other operational risks.

Question 2

Does every Ontario business need insurance?

Accepted Answer

Most businesses should carry insurance, and many are required to provide proof of coverage by landlords, lenders, clients, suppliers, or contracts. The right coverage depends on the nature of the business.

Question 3

What is commercial general liability insurance?

Accepted Answer

Commercial general liability insurance helps protect a business against certain third-party claims involving bodily injury, property damage, and related legal defence costs, subject to the policy terms and exclusions.

Question 4

Can LIFT review my existing business insurance?

Accepted Answer

Yes. LIFT can review your current coverage, discuss your operations, identify potential gaps, and help determine whether your insurance still fits your business.

Insurance Solutions for Every Need

Insurance Solutions for Every Need

Our Services

Our Services

Home & Auto Insurance

Home & Auto Insurance

Transportation Insurance

Transportation Insurance

Business Insurance

Business Insurance

Private Client Insurance

Private Client Insurance

Your Questions, Answered

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