Group buying allows Apollo to keep prices low while offering quality insurance products. It’s how insurance was meant to work.
To be a small business owner or entrepreneur takes courage, dedication, and a lot of hard work. We know that your small business is unique, and we’ve created insurance products that match your needs.
Toronto is Canada’s largest city and a world leader in business, finance, technology, entertainment and culture. Its large population of immigrants from all over the globe has also made Toronto one of the most multicultural cities in the world.
As the largest city and number one visitor destination in the country, Toronto is known as Canada’s Downtown.
“Toronto” is Huron First Nations for “meeting place,” a word which aptly describes one of the most ethnically diverse cities in the world. Toronto boasts over 100 different cultures, which are represented in its population of over 2.3 million. This diversity can be seen at the city’s many festivals, friendly neighbourhoods, and obviously, its 9,000 restaurants.
The shopping experience includes everything from upscale boutiques to an underground city featuring 1,200 stores and services. Toronto also boasts more than 32,500 hotel rooms.
The city’s love for the arts has made it an important live theatre centre, and its museums are some of the most unique in North America.
This bold new city of glass towers and Victorian neighbourhoods even boasts parkland islands in its harbour. And it’s also within a few hours drive of the great Canadian outdoors and the breathtaking Niagara Falls.
Annual business operating costs are significantly lower in Toronto than in many leading international centres. The governments of Canada, Ontario and Toronto provide a range of incentives to allow businesses to grow and prosper in a politically stable environment. Each order of government has demonstrated a commitment to competitive tax rates, resulting in a combined corporate income tax rate of 26.5%, approximately 13 percentage points lower than the U.S. average.
Additionally, business property taxes are becoming increasingly competitive. With the elimination of over 1,500 tariffs on manufacturing inputs, machinery and equipment, Canada was the first country in the G20 to become a tariff-free zone for manufacturers and offers the lowest overall tax rate in the G7. The City of Toronto’s unparalleled financial stability and dynamic investment strategies mitigate the risk of inflation instability, exchange rate fluctuations, and limitations to short or long-term capital access, force majeure, and higher operating costs.
Whether your Toronto business is small or large, or if you’re looking for personal or event insurance, Apollo Insurance Solutions has you covered. We will get you the best insurance quote as quickly as possible, so you can get back to your work and your life in Toronto.
Here are the broad categories of business classes who can buy coverage online in Toronto:
What kinds of insurance do small businesses in Toronto need?
There are several types of insurance every small business should have.
Professional Liability insurance
Also known as Errors and Omissions insurance (E&O), Professional Liability insurance will cover you and your business from claims of negligence, failing to properly render your professional services.
It covers you even if the claim is frivolous or you haven’t actually done anything wrong.
General Liability insurance
A Commercial General Liability (CGL) insurance policy will cover the business against claims that someone was injured, or somebody’s property has been damaged. Regardless of whether or not the small business is at fault, it can be accused of negligence and sued for a variety of things, making this a critical coverage for any business.
Every small business has property, whether that’s a single computer, warehouses full o stock and inventory, or an office full of valuable equipment.
Without contents insurance, the business would have to pay out of pocket to repair or replace damaged contents.
This could negatively impact your finances, and any delays could disrupt your business.
Nonprofit Directors & Officers insurance
Directors and Officers insurance protects against losses caused by negligence or honest mistakes made by your organization’s directors and officers. Not only will it cover any amounts you’re required to pay should you lose a lawsuit, the insurance company will even pay for your legal fees and court costs. This is important because even though your nonprofit may be run by a perfect leadership team, just the cost of defending a frivolous lawsuit can cripple your ability to operate.
What types of businesses in Toronto qualify to buy commercial insurance online from Apollo?
There are over 250 types of small businesses that qualify to buy insurance online, with documents issued immediately. Find yours here.
There are over 250 types of
small businesses that qualify
to buy insurance online
Some businesses are inherently more risky than others. If your business is a reworks factory that has a paper storage facility attached, it might be a little more complicated. We can help you out, but we’ll have to get some smart people to take a second look to make sure you have the right coverage.