Insurance Discounts: Commercial

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Everyone loves a good discount. In the insurance industry there is certainly no shortage of discount opportunities. It is for this reason that we have decided to create a four-part series on potential insurance discounts that you can be cashing in on to keep more money in your pockets.

As a business owner in Ontario, it’s important to have the right insurance coverage to protect your company and its assets. Commercial insurance can help cover losses due to accidents, natural disasters, and other events that could impact your business. There are several discounts available that can help lower your commercial insurance premiums in Ontario. Here are some common discounts to consider:

Commercial – General Discounts

Multi-Policy Discount – Many companies offer a discount when you have multiple policies with their organization.

Loyalty Discount – If you have been with the same company for a certain length of time (typically three or more years), some companies will offer a loyalty discount.

New Business Discount – If you have been with another insurance company for a while (typically three or more years) and are looking to make a switch, some companies will offer a new business discount.

Commercial Auto Discounts

Conviction Free Discount – If you have no convictions filed against you over the last three years, some insurance companies will offer you a discount.

Multi-Vehicle Discount – When you have more than one vehicle on the same policy, insurance companies may offer a discount.

Winter Tire Discount – Having winter tires on your vehicle during the winter months keeps you and your vehicle safer while on the road. Insurance companies may encourage you to have winter tires on your vehicle by offering a discount.

It is important to note that no two commercial policies are the same just as no two businesses are the same. Not all commercial insurance companies offer the same discounts and not every discount may be relevant to your business. By using an experienced insurance broker you can be sure that you’ve found an insurance policy that meets your organization’s needs at a rate that you can afford.

For more information on more insurance discounts please be sure to check out the other posts in this series:

Auto Discounts: Vehicle & Policy-Based

Auto Discounts: Personal-Based

Property Discounts

If you are interested in finding the best pricing and discounts for your commercial insurance, please give us a call 1-877-941-2266 or contact Absolute Insurance Brokers and we would be happy to help you find the right policy.

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