How much is business insurance in Ontario?
No single figure applies. A commercial premium is built from the trade, annual revenue, payroll, property values, claims history and the limits chosen, and two businesses in the same industry can price differently. Sutherland Insurance compares Ontario commercial markets from its Guelph office.
Part of the Sutherland Insurance guide to business insurance in Ontario.
The short answer
A quoted average would mislead, because commercial pricing is assembled from the specific business rather than drawn from a table. What can be described is what goes into it.
What goes into a commercial premium?
The trade itself, which sets the base exposure. Then revenue and payroll as measures of size, the value of property and stock, the limits and deductibles selected, the claims history, and the contractual requirements the policy has to satisfy.
Some trades are rated more heavily than others at the same revenue, because the frequency and severity of claims differ. A roofing contractor and a bookkeeper are not the same risk at the same turnover.
Adding coverages changes the figure visibly: cyber, business interruption and equipment breakdown are each priced separately and can be quoted with and without.
What does this mean for an Ontario business?
A quote is the only accurate answer, and it needs the real figures: revenue, payroll, property values and the contracts that set required limits.
Sutherland Insurance charges no brokerage fee on a placed policy.
Nothing on this page states what a policy costs, because that depends on the business.
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