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Commercial Insurance

Catering to your needs. If your business operations do not fit within one of our current packages, that’s not a concern. Our qualified insurance advisor will go over the nooks and crannies and assure we customize your policy to your specific needs.

We offer Contractor, Residential & Commercial Realty, Office, Bed & Breakfast, Church, and Home Based Business Packages. Each package contains a specific list of extensions and limits that are catered to the needs of that particular business operation. The limits can be increased if those already included are inadequate for your business requirements. Similarly, this can be done for coverages that are not included within the extensions but are required by your business. Amending each commercial policy with the necessary coverage and limits is always an option. Erie Mutual understands that each business can be different, we want your insurance policy to be uniquely you.

Speak to a Sales Representative to Get Started

Toll-Free: 1 800 263 6484

Learn More About What Areas We Cover

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Loss of Income Coverage

There are various types of business income coverage available and those provided are based upon your needs. Rental Income, Extra Expense, Gross Earnings, Profits Form, Contingent Business Income, and Actual Loss Sustained coverage are examples of some. If you’ve suffered a loss, we want to make sure you don’t also lose out on lost income.

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Stock and Equipment

Protecting your property is the intent of Equipment and Stock coverage. Equipment is usually coverage under Replacement Cost form while stock is covered under Actual Cash Value. We’ll discuss with you to ensure proper limits are determined and in place properly.

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Installation Floaters

Installation Floaters are normally required by Contractors and intended to provide protection to the items (stock) that is to be installed at your customer’s premises. Miscellaneous Floaters are intended to cover property that is away from any of the insured’s business locations that are listed on their policy. Whichever you need, we’ll have you covered.

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Home Based Business

If the primary location of your business operation is out of your own home and primarily consists of business and professional services, we’ve provide the right insurance policy for you. There are various types of home based businesses, your insurance coverage is equally important as any large company.

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Commercial General Liability

It not only provides you with protection against third party claims for bodily injury or property damage, but also includes defence costs under your policy. We represent your interests in court as part of your insurance contract with Erie Mutual.

Finding the Right Insurance Solution for You

Recommended
Coverage

Includes

Full commercial insurance protection should include your building, stock & equipment, necessary floaters involved in operations, coverage for loss of income and complete liability protection.

Basic
Coverage

Includes

If you don’t require full commercial coverage, make sure you have your building, stock & equipment and proper liability protection in place.

Minimum
Coverage

Includes

Make sure your building is fully insured, combined with a liability protection limit that is adequate.

Comparison

Feature
Recommended
Basic
Minimum
Feature
Rec
Bas
Min
CGL (Liability)
True
True
True
Building
True
True
True
Stock/Equipment
True
True
Installation Floater
True
Loss of Income
True
Rec – Recommended
Bas – Basic
Min – Minimum
* – Some

Frequently Asked Questions

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Norm McKenzie

Account Executive

If you are in the real estate business, and regardless of whether you own many properties, or one single building, rental income is a must. It’s a business income coverage specific to providing you with the coverage you’ll need for lost rents. Regardless of any mortgage in place, you’ll be at a loss if a claim forces closure of a property for repairs or renovations.

You need to ask yourself in either situation, can I afford to not have that revenue coming in? How will I cover the mortgage, or if you do not have one, how will I cover whatever other commitments I have for which those rents contribute toward? If your property is a residential risk, and your tenant is forced to move out and find a new place to live because the repairs of your property will take longer than they can wait, your rental income will protect you and usually pay up to 12 months worth of lost rent. Some insurers will offer options to purchase up to as much as 24 or 36 months worth of rental income coverage.

The same Rental income coverage as the residential building occupancy would apply if you instead owned a commercial building with commercial tenants that had to permanently or temporarily re-locate due to damage by a covered peril (the cause) for which you suffer a loss. Keep in mind, the opposite can also occur to protect the tenant(s). In some instances, landlords require their tenant(s) within their lease agreement to cover the Rental Income on their insurance policy and name the landlord as the loss payee with respect to those rents, should a loss occur.

Ultimately, this coverage is designed to protect those parties with a vested interest and is something that should not be overlooked. We understand that coverage such as rental income can be complicated, but we’ll assess your insurance needs properly so that you’re fully covered.

Don’t be fooled by the size of your business, or that it’s only home based rather than in a large building in a city core. We recommend that every business carry adequate insurance coverage and limits regardless of the size of your business. Keep in mind that your residential home insurance policy is not intended to cover a business and does not include the liability or additional coverage required. A proper commercial insurance application should discussed and completed with one of our professional advisors. We realize you don’t want or need an expensive policy, but we can focus on what your small business does need. If your business grows and you expand outside of your home, we’ll adjust your business insurance policy accordingly. We have a solution for every small business.

We hope you’re business never has to shut down, but in most cases it’s only temporary and we can provide the proper coverage to ensure you can sustain this downtime. Ask one of our insurance advisors about business interruption coverage, it will protect you financially when you’ve lost sales or production. We’ll have you back in business as soon as possible, but in the meantime we can ensure you have the means you need to keep moving forward.

Where would be without technology? It’s true that we’ve become very dependent on our computers to basically run some portion of the business. We understand the concerns everyone has these days about electronic security, so we recommend adding Cyberone coverage to all commercial insurance policies, it includes both computer attack and network security liability. We can ensure data is restored or re-created as needed, along with restoration of your system. You may have some lost business income or extra expenses that result, but don’t worry we’ve got that covered. Defense and settlement costs are also included in this coverage as liability protection. This is a must have for every business that relies on a computer for daily activity, and that’s most everyone.

Have other questions?

Contact one of our commercial specialists today.

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Client Testimonials

We love the way we can always sit down and discuss our coverage thoroughly with our Erie Mutual insurance advisor. He explained both our commercial and auto insurance policies, and was able to answer all of our questions.

Mark & Carl Schweyer Schweyer’s Wood Products, Erie Mutual Member (Fisherville)

Read the Latest News

If you are like most Canadians, the dream of owning a home is one that you have been pursuing a considerable amount of time. This dream is implanted in us at a very early stage in life.

January 17, 2018 2 Min Read

For just a few dollars a day, you can purchase Commercial General Liability insurance, and avoid the potential pitfalls that can hurt your business temporarily or even entirely derail it, should a serious claim occur.

January 16, 2018 2 Min Read

Your insurance policy isn’t meant to be an out of the box, one size fits all coverage. In fact, your policy should be as distinct and unique as your home, farm, auto or business requires to ensure adequate limits and full protection.

December 27, 2017 2 Min Read

See How We Helped Change Our Clients’ Lives

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We provide coverage for every type and size of farm. Our farm insurance specialists take the time to discuss and assess your needs, it’s what we’ve been doing for over 145 years.

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We’ve got all your home insurance needs covered, including any seasonal or rental property. Your policy will provide all the protection you need, at all the locations you want.

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Let us carry the burden of your auto insurance concerns, we take the time to explain coverage and present you with choices that make sense to every driver.

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