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The best commercial insurance products to protect retailers, shops, stores and small business owners from Tradition Mutual Insurance 

Retail and Store Commercial General Liability Insurance & so much more

Retail Commercial Building Insurance 

Retail Business stock, contents and equipment Insurance

Retail Business interruption Insurance 

Retail Crime Insurance Coverage 

Store Equipment Breakdown Insurance

Retail Commerical Liability Insurance (CGL) 

Google Verified Insurance Reviews

John Brookshaw

"We have been with Tradition Mutual Insurance for 60 plus years Kyle is one of the BEST agents we have ever had Full marks on everything!"

Corey H.

"Kyle was very professional and easy to talk to. He explained everything in full detail taking the time to go the extra mile and find me an even better deal. Definitely recommend!"

Jeff Moore

"Kyle is one of the nicest guys I have ever dealt with. Kind, courteous and willing to go that extra mile. If I could, I would give him a 6 out of 5 stars. Kyle is worth changing your insurance company."

Why Should Kyle Wijnands Service your RETAIL Insurance Policy? 

Commercial General Liability 

Commercial Vehicle Insurance 

Same Day Service

 In most cases, Ontario store owners can set up a retail insurance policy through Kyle within 24 hours. 

Save up to 40% 

Many store owners have been thrilled to have Kyle save up to 40% on their retail insurance policies with Tradition Mutual Insurance.  s!

Expert Advice

You won't be reaching a a call-centre. When you call Kyle at 519-393-3246, as a store owner you are guaranteed to take advantage of a years of industry experience. 

Cheap REtail insurance is great but professional service from someone who drives and shops where you live- That's the mutual difference. 

Kyle get’s it. As an Ontario store owner, you want cheap retail insurance. Prices everywhere are going up and why get gouged on your store insurance as well? Tradition Mutual Insurance Company understands that it’s more than just getting cheap business insurance, it’s about getting someone servicing your commercial insurance file that knows who you are each time you call and lives in your area or has connections near you. Kyle and his team at Tradition Mutual Insurance will be sure to be standing by when you call or email about store insurance, CGL policy questions or a commercial insurance claim.

We get it- shopping for business insurance can be a pain. Our turnaround time is quick and thorough. Kyle and his team will review your existing small-business insurance needs and make sure you have the right coverage that fits your unique situation. A one size fit's all approach doesn't work when setting up your Ontario business insurance. Get a quick business liability insurance quote today and let Kyle place you into a commercial policy that best suites the needs of your store, shop or small business. 

Store Commercial Liability Insurance 

Commercial General Liability - This portion of a retail insurance policy protects you as a retail business owner against if you cause property damage or bodily injury. The CGL policy also covers you for defense costs.

 

Let's say you or your staff damage a customer's counter-top when installing cabinets. One of your employees scrapes the the side of their sports car while moving some furniture. One of your clients is injured while at your business. These are examples of a instance when a liability insurance claim could be triggered. Commercial general liability insurance is designed to protect you as the business owner and your business assets for potential lawsuits resulting from third party bodily injuries, advertising liability and third party property damage.

 

These types of claims or losses would arise from your business operations on of off your business premises or products that you distribute/manufacture. Tradition's commercial general liability coverage protects you for the legal costs to defend you and your business in court as well as the compensatory costs the are required to be paid to the third party for the damages. 

Tenant Legal Liability  Insurance- This portion of a commercial insurance policy protects against certain damages to leased premises. 

Non-owned automobile Insurance- This portion of a CGL policy provides insurance if an employee occasionally drives his or her personal vehicle for business purposes and your business is pulled into an auto related insurance lawsuit as a result. 

Commercial Vehicle Insurance.png

REtail Vehicle Insurance 

The provincial government of Ontario requires that business owners have mandatory automobile coverage on their commercial fleet or business vehicles. Even if your personal vehicle is partially use for business purposes, your auto policy should be rated accordingly. A breakdown of the automobile insurance coverage offered by Tradition Mutual Insurance is as follows:  

Third Party Vehicle Liability - This mandatory auto coverage protects you or your business if you are responsible for a third party's injries or property damage. Typical limits for this coverage are 1 million 2 million or 5 million. 

Direct Compensation Property Damage (DCPD) - This mandatory auto coverage protects your business vehicle when you are partially at fault or 100% not at fault. This particular auto coverage allows you to deal with Tradition Mutual Insurance directly instead of suing the driver or going after the 3rd party insurance company to recover your damages.

Accident Benefits - In the event you or the occupants of your work vehicle are injured this mandatory auto coverage protects you regardless of fault.  

Collision or Upset - This optional coverage provides you as a business owner the coverage for your vehicle caused by impact with an object such as a tree or a third party vehicle. This coverage also applies if your vehicle flips over for any reason. 

Comprehensive - This optional coverage provides you as a business owner the coverage for your vehicle caused by a loss other than collision or upset. Losses such as hail, vandalism, fire, theft, flood or even being dumped off a ferry to lighten the load in the event of a storm would be provided under this coverage.

All Perils - This optional coverage combines collision/upset and comprehensive and offers added protection for theft of your commercial vehicle for an employee who has access to the vehicle.

Tradition's Added Protection - Tradition Mutual Insurance offers optional business vehicle coverage such as vehicle replacement coverage called the OPCF20 which gives you commercial rental vehicle after an insured loss of your vehicle while it is being replaced or repaired. We also offer accident forgiveness coverage which guarantees that your commercial auto insurance premiums will not increase to your renewal as a result of your first chargeable at fault loss involving your business vehicle. This coverage can be added for each vehicle in your commercial fleet for each primary operator of each business vehicle. 

RETAIL Property Insurance 

 

As a business owners, store, shop or retail location whether you own, rent, or lease a building, a commercial property insurance coverage is very important. The following is a brief overview of the types of physical damage coverage you should consider having a store owner. 

Building Insurance- If you own a building used commercially as a store, this policy is designed to provide coverage for a variety of perils such as fire, smoke, wind, vandalism, etc. 

 

Content Insurance - This portion of a commercial insurance policy protects your physical assets of your business including stock, equipment, software, furniture, machinery and tools. Perils include fire, water damage, vandalism or theft. 

Crime Insurance - This portion of a commercial insurance policy protects you for actual money loss due to theft such as employee dishonesty.

Business Interruption Insurance: If you need to temporarily shut down your business due to a claim, Tradition's business interruption insurance covers the income you have lost as a business during the time it takes to restore your operations back to what they would normally be. Commercial interruption insurance is essential to ensure that the bottom line of your business doesn't take a hit in the event of a insured loss. 

Equipment Breakdown Insurance- This part of the insurance policy provides you as a business with coverage to repair or fix equipment that breaks down to mechanical or electrical malfunction.

Water Protection InsuranceSewer back-up and drain backup coverage is available for your building and commercial contents in the event of damage caused by the backing up or overflow of water from within sewers, sumps, septic tanks or drains. The coverage can also be extended for damage that fall into the peril of catastrophic flooding. 

Earthquake Insurance 

Earthquake coverage is available upon request in the case of damage to your building or contents resulting from an earthquake.

Frequently Asked RETAIL insurance Questions

Why Do I Need Retail Commercial Insurance?

There are a variety of practical reasons why a retail business needs a commercial insurance policy. First of all, a commercial general policy covers the costs that can arise from property damage, liability lawsuits and defense costs in the event of an insured loss. Here are some additional reasons why Tradition Mutual Insurance often provides commercial insurance for retail business owners:

  • Retail Business Insurance and a commercial lease - Many retailers and other startups look go rent or lease an office, showroom or retail space. In such cases, the landlord offering the lease typically will require that you have commercial general liability insurance (CGL.) This type of coverage protects your business against allegations of personal injury or property damage to a third party for which your business is found legally responsible. The business offering the lease wants to ensure you have coverage to ensure they are not drawn into a lawsuit.  

  • Retail Business Insurance and Tradeshows - Business insurance is an important factor in networking and advertising your services or products. Many tradeshows, convention centres, farmer’s markets, job fairs and company gathering venues will request that a business provide proof of insurance for a certain minimum amount of coverage (typically a 2 million CGL policy limit or proof of tenant legal liability) before being permitted to have access to the event or location.

  • Ontario customers requesting proof of insurance of Retailers- Ontario customers are becoming more and more savvy. Customers hear the horror stories through social media of a commercial business offers a service or product that didn’t have commercial insurance and the consumer was left footing the cost for physical damage or bodily injury. A certificate of liability insurance can make your business much more credible to Ontario consumers and includes coverage/liability limits, insurance company name, policy number, effective/expiry dates. 

 

 

Who Needs Retail Insurance?

 

All Ontario startups, stores, and retail businesses should have business insurance. Business insurance is critical for the long-term financial success of a business. If someone slips and falls at your business or even your home-based business, you could face a costly lawsuit. Many small business owners would agree that commercial insurance is essential for anyone who owns a business because it covers the costs that can arise from property damage, liability lawsuits and defense costs in the event of a loss.  Without business insurance, a business owner would have to cover the damages and legal costs made against their company out of pocket.  

 

 

 

Can I Do without Retail Insurance?

If you are not required by a commercial landlord, municipality, city, consumer or another business to have a retail insurance policy, there are a few other questions that a retail business owner should consider to make sure you are 100% confident that you don’t need retail business insurance coverage.

 

  • Does my retail business have enough money or assets available to rebuild my business if it should experience a catastrophic water, wind, fire or smoke claim.

 

  • Does my retail business have enough money or assets available to defend itself to settle a liability lawsuit?

 

  • In the event of an insured loss, how many months can my retail business go without business income while still meeting my financial obligations.

 

 

 

What is the Cost of Retail Insurance?

As a retail business owner, you want to make sure you can find the cheapest and best commercial insurance option. Prioritizing costs is normal in this uncertain economic climate. If you are simply wanting 2 million commercial general liability (CGL) and nothing more, your policy could be around $500 a year. If you are wanting a package option including some retail business interruption coverage or content and equipment coverage, your policy could be closer to $725 a year. The type of commercial policy will cause these costs to vary. Depending on your retail business, a number of factors determine the cost of your business insurance such as:

  • The industry that you work in in the retail sector

  • The years of experience in that particular part of the retail industry

  • Yearly revenue of your retail business or store. 

  • Claims and insurance history

  • Coverage limits and retail business insurance deductibles

  • Risk exposure. ie policy such as the kind of stock, building type, territory etc.

  • If you're bundling your policy with commercial auto insurance for your retail business

  • If your quote factors in paying yearly or monthly   

To get a free, no-obligation quote to determine the cost of your retail business insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.

 

 

 

 

 

Do I Need Business Insurance if I Work from Home?

 

A home insurance policy isn’t designed to provide commercial coverages for a home-based retail business unless it is specifically noted as an extension on the policy. Commercial liability and content coverage is typically excluded under a residential home insurance policy. If you own your own business, then it is necessary that you have this business insurance set up. If you simply work for a company at your own home, it is best to confirm that you are covered for liability and business contents by your employer’s business insurance policy. If you are the owner for a home-based business, I would recommend that you purchase commercial insurance.

  • A home based business typically has office supplies, inventory and equipment. All three can be exposed to a variety of perils such as fire, smoke, water or theft.

  • Products or services that you offer could cause bodily injury of property damage to a 3rd party. A CGL policy is designed to protect your home-based business in the event of an insured claim.

  • A customer or visitor who comes on your home premises could be injured from falling ice, be bit by an animal or slip and fall on the premises. These are just a few incidents that could lead to a costly lawsuit that the home insurance policy is likely to be excluded.  

 

 

What Does Retail Insurance Cover my Business For?

  • Property insurance: Coverage built into a business insurance policy for damage to your business property including stock, equipment, contents and buildings.

  • General Liability Insurance: Coverage built into a business insurance policy for bodily injury or property damage to a 3rd party.  

  • Business Interruption Insurance: Coverage built into a business insurance policy for lost income due to physical loss or damage to your business assets as a result of an insured peril.

  • Crime Insurance: This includes inside or outside robbery coverage, money and securities protection. A business can also chose to have employee disappearance, destruction and dishonesty coverage as well.

  • Commercial additional agreements: Additional coverages built into the policy. Please contact Kyle Wijnands for a summary of these coverages.

  • Equipment Breakdown Insurance, Flood Insurance, Earthquake Insurance and Sewer/Sump/Drain Backup Insurance.

How Do I Know What Type of Retail Insurance is Needed?

No two businesses are the same. Whether you are a toy store, thrift store, bakery, butcher or hardware store owner, your retail business is unique. When you call Kyle Wijnands, he will personally assess your business insurance needs to make sure you have a commercial insurance package that fits your unique needs. His thorough risk assessment of your business is free and there is no-obligation. Give him a call at 519-393-3246 today.

 

 

What are the Different Types of Retail Insurance?

 

The following is a breakdown of each category if retail insurance types that Tradition Mutual can discuss the potential of setting up a policy. This list is not exhaustive so if you don't see your type of retail stores listed, give me a call today at 519-393-3246 and I will see what type of retail package Tradition Mutual can offer!  

Retail Insurance 

  • Retail business that offer hardware/installation away from the business location.

  • Retail businesses that sell paint and wallpaper at their business location only.

  • Retail business selling building materials and home improvement supplies.

  • Retail businesses selling plumbing, heating, air conditioning supplies.

  • Retail businesses selling china, crockery and glassware.

  • Retail businesses with showrooms selling furniture, heavy appliances, lamps, lighting fixtures, second hand furniture.

  • Retail businesses selling clothing including tailoring, alteration and repair.

  • Retail businesses selling carpets, rugs, draperies, curtains, linen and linoleum tile

  • Retail businesses operating as a department Store selling apparel, fabrics, furs, house furnishings, furniture, hardware, groceries or meats

  • Retail businesses offering door to door consumer sales and services.

  • Mail order houses and direct selling organizations.

  • Supermarkets

  • Bakeries

  • Dairy product, confectionery, frozen food and ice cream shops

  • Other food type stores selling consumable products.

  • Farm implement and machinery stores that offer sales and service.

  • Furrier shops that sells, repairs alters, clears or deals with clothing made of fur.

  • Footwear shops.

  • Clothing Accessory shops (Belts, Scarves, etc.)

  • Family clothing, women’s wear and men’s wear.

  • Art galleries, pictures, print and framing shops.

  • Antique shops.

  • Electronic Equipment (Computers, Home Entertainment, Office Machines)  -  Store only

  • Records, Compact Discs and Tapes (Audio/Video) Sales and Rentals - Store Only

  • Carpets, Rugs, Draperies, Curtains, Linen, Linoleum Tile - With installation

  • Furniture, Heavy Appliances, Lamps, Lighting Fixtures, Second Hand Furniture - With installation

  • Electronic Equipment (Computers, Home Entertainment, Office Machines)  - With Repair

  • Drug Stores - Prescriptions, Toiletries, etc

  • Bicycle Shops Including repair and assembly

  • Garden & Lawn Centres and Light Farm Supplies

  • Jewellery stores

  • Variety Stores and Convenience Stores

  • Shoe Repair, Boot Black, Hat Cleaning shops

  • Book store

  • Florist shops

  • Stationery stores

  • Pet Shops

  • General Stores Country - Population Under 3,000

  • Dry Goods, Fabrics, etc.

  • Flea Market

  • Handicraft, Hobby

  • Instruments (Drafting, Scientific)

  • Leather, Luggage

  • Musical Instruments

  • Religious book store and goods.

  • Toy stores

  • Cameras and Photography Supplies

  • Limited Price Range Stores ( Dollar, Loonie)

  • Coin, Stamp Dealers, Rare Books