Specializing in Commercial Insurance for Owen Sound and throughout Ontario

What is commercial insurance and why do you need it in Ontario?

A client’s business is their most important asset. In many cases, it is the mechanism which puts food on the table for their families. In saying this, one catastrophic event or piece of litigation can destroy a business if you aren’t correctly insured.

TG Group designs Commercial Insurance policies from the ground up. We dedicate ourselves to completely understanding our Clients’ risks and requirements first. We review your business internally and then place your business with the best and most logical Insurer.

We provide commercial insurance for:

  • Contractors

  • Manufacturing

  • Wholesale

  • Electricians

  • Arborists

  • Landscapers

  • Residential, Commercial & Industrial Trades

  • Service Industry

  • Hard to place or High Hazard business

  • Plumbers

  • HVAC

  • Fleets & transportation

What Does Commercial Insurance Cover in Ontario?

Commercial General Liability Coverage

Protecting your company should be your priority if you're a business owner. Even a single accident or claim can put you out of business without Commercial General Liability.

This coverage provides financial protection for claims that arise from third-party bodily injury or property damage resulting from negligence or unforeseen accidents. CGL will cover compensatory damages and legal defence costs that you may face in the event of a lawsuit.

Cyber Liability Coverage

Cyber risk becomes a primary concern for many organizations as technology becomes increasingly central to business operations. Cyber risk refers to the risk of financial loss, business disruption, or damage to reputation due to failures in an organization's IT systems.

Cyber attacks can result in direct or indirect financial losses, including costs to repair systems, ransom or extortion payments, funds lost due to fraud, and legal defence and settlements expenses.

Commercial Property Insurance

Your business is more than just a building. No matter where you work, whether you own your space or rent, commercial property insurance helps protect you from costs if the building is damaged or there is loss due to perils such as fires, theft, or vandalism.

This coverage includes your physical assets like your building, inventory, electronics, equipment, and outdoor property like signs and landscaping.

Directors & Officers Coverage

Directors & Officers Liability insurance is essential for small and mid-sized businesses in Ontario, where executives and board members may have more direct involvement in the company's operations and decision-making.

D&O protects corporate executives and board members in the event of a lawsuit where they may be held personally liable for wrongful acts or decisions made in the course of their duties.

Surety Insurance

Surety insurance involves a three-party agreement between the following parties:

  • Principal

  • Obligee

  • Surety

The surety provides a guarantee to the obligee that the principal will fulfill their obligations. If the principal fails to do so, the obligee can file a claim against the bond and the surety will pay out the agreed-upon amount to compensate the obligee for their losses.

For example, Surety bonds are common in the construction industry; the obligee would be the building owner, the principal is the contracting firm, and the surety is the insurance company. The surety provides the bond to guarantee the contractor's performance and protect the building owner against losses.

Pollution Liability Coverage

Pollution liability insurance, also called environmental impairment liability insurance, can assist in mitigating the expenses associated with damages from pollution and harmful materials.

This type of insurance surpasses typical Commercial General Liability and property policies, which generally do not cover environmental harm.

Errors & Omissions Coverage

Errors & Omissions insurance, or known as professional liability insurance, is especially important for individuals and businesses that provide services to clients, including accountants, insurance agents, doctors, lawyers, building inspectors and appraisers.

By having E&O insurance, professionals can be protected from potentially devastating financial losses due to legal claims arising from mistakes in their services provided.

Commercial Insurance Quote

“Very helpful and took care of our needs. Thank you TG Group.”

— Crose Mechanical

“Great people and the best rates in the industry. Highly recommend!”

— Robert L