# MyBrokers Insurance > Independent insurance brokerage headquartered in Edmonton, Alberta, serving all > of Canada, specializing in commercial and specialty lines. MyBrokers is licensed > in Alberta and Ontario; in British Columbia, clients are served by our individually > licensed brokers. We place coverage across > a wide panel of Canadian carriers. Rated 4.9/5 from 172 Google reviews. Contact: 1 (866) 470-7000 · info@mybrokers.ca Office: 100, 1281 91 St SW, Edmonton, AB T6X 1H1, Canada ## Commercial & Specialty Lines ### Construction & Contractors General contractors, subcontractors, and specialty trades. Commercial general liability (CGL), wrap-up / CCDC liability, builder's risk, Course of Construction (COC), tools & equipment, and commercial auto. We cover commercial, industrial, municipal, and residential construction. → https://www.mybrokers.ca/insurance-for-contractors ### Trucking & Transportation Owner-operators to multi-province fleets; long-haul, US runs, dangerous goods, oilfield, heavy haul, livestock, and bulk. → https://www.mybrokers.ca/trucking-insurance ### Commercial Property & Buildings Buildings, contents, stock, business interruption, and equipment breakdown for owners, tenants, and mixed-use. → https://www.mybrokers.ca/commercial-property-insurance ### Energy, Oil & Gas Oilfield services and equipment, pollution/environmental liability, and renewable energy operations. → https://www.mybrokers.ca/oil-and-gas-insurance ### Professional & Executive Liability Errors & omissions and professional liability for engineers, architects, environmental consultants, accountants, consultants, technology firms, and medical professionals including physicians and psychiatrists; plus directors & officers. → https://www.mybrokers.ca/medical-malpractice-insurance, https://www.mybrokers.ca/insurance-for-new-businesses, https://www.mybrokers.ca/technology-insurance ### General Liability Commercial general liability placed across all commercial classes. ### Large & Complex Commercial High-limit, multi-location, and layered commercial programs for established businesses. --- # Products ## Business Insurance in Canada URL: https://www.mybrokers.ca/business-insurance One broker for every policy your business carries. Liability, property, cyber, and the coverage in between, placed across 120+ carriers. Business insurance (also called commercial insurance) is the umbrella for every policy that protects your company: general liability, commercial property, business interruption, cyber, and the rest of the stack. MyBrokers is an independent brokerage headquartered in Edmonton, licensed in Alberta and Ontario, with individually licensed brokers serving clients in British Columbia. We build the package around your operation and place it across 120+ carriers. Who we cover: - Contractors and construction companies, from solo trades to commercial GCs - Trucking and transportation, owner-operators to multi-province fleets - Retail stores, restaurants, and hospitality businesses - E-commerce brands and online sellers - Technology companies, SaaS firms, and IT consultants - Professional services: accountants, consultants, designers, agencies - Medical professionals, clinics, and health practitioners - Non-profits, charities, and community organizations - Oil and gas, energy, and oilfield services companies - New businesses, startups, and home-based businesses What's typically included: - Commercial general liability (CGL): third-party bodily injury, property damage, and personal and advertising injury, including products and completed operations - Commercial property: your building, contents, equipment, and stock, written named-perils or all-risk - Business interruption: lost income and extra expense while you recover from an insured loss - Tenant's legal liability for damage to leased premises (almost every commercial lease requires it) - Cyber liability: breach response, ransomware, data restoration, and privacy liability - Crime coverage: employee theft, forgery, and funds-transfer fraud - Professional liability (E&O) for businesses that give advice or professional services - Commercial auto for business vehicles (provincially regulated, and required wherever vehicles are used for work) - Equipment breakdown for the mechanical and electrical failures property policies exclude - Umbrella and excess liability when contracts demand higher limits - Optional perils like sewer backup, overland water, and earthquake, added by endorsement What moves the premium: - Industry and risk class (the single biggest factor) - Annual and projected gross revenue - Number of employees and payroll - Location and number of locations (crime rates, fire protection, regional weather) - Value of buildings, contents, equipment, and stock - Claims history over the last 3-5 years - Limits and deductibles you choose - Coverage lines added beyond the core package - Years in business and owner experience - Risk management: alarms, sprinklers, cyber controls, safety programs Business insurance for every industry: We've served more than 10,000 businesses across Canada, from single-person consultancies to multi-location operations. If your industry isn't listed here, that usually just means it's specialized enough to be interesting. Some of the industries we insure: - General Contractors - Electricians & Plumbers - HVAC & Roofing Companies - Landscapers & Snow Removal - Trucking & Transportation - Couriers & Last-Mile Delivery - Retail Stores - Restaurants & Cafes - Food Trucks & Catering - E-commerce & Online Sellers - Technology & SaaS Companies - IT Consultants & Developers - Marketing & Creative Agencies - Accountants & Bookkeepers - Consultants & Coaches - Medical Clinics & Practitioners - Gyms & Fitness Studios - Salons, Spas & Barbershops - Non-Profits & Charities - Property Managers & Landlords - Manufacturers & Wholesalers - Oil & Gas Services - Renewable Energy Companies - Home-Based Businesses - Startups & New Businesses Common questions: Q: What does business insurance cover in Canada? A: Business insurance is an umbrella term for the policies that protect your company from lawsuits, property losses, and interruptions. Exactly what your package includes depends on your operations, but the coverages most Canadian businesses carry: - Commercial general liability (CGL) for third-party injury and property damage claims - Commercial property for your building, contents, equipment, and stock - Business interruption for lost income after an insured loss - Cyber liability for breaches, ransomware, and privacy claims - Professional liability (E&O) if your business gives advice or professional services - Commercial auto, crime, and equipment breakdown as your operation requires Q: How much does business insurance cost in Canada? A: Cost depends more on your industry than on any other factor. A home-based consultant pays a fraction of what a contractor or restaurant pays, and premiums scale from there with size and risk. What underwriters price on: - Industry and risk class - Annual revenue and payroll - Number of employees and locations - Claims history - The limits and deductibles you choose - Property, equipment, and stock values Q: Is business insurance mandatory in Canada? A: There's no general law requiring a business to carry insurance in Canada. In practice, most businesses can't operate without it, because the people you do business with require it: - Commercial leases require liability coverage and proof via a certificate of insurance - Client contracts commonly specify a $2M commercial general liability limit - Lenders require property insurance as a condition of financing - Many regulated professions must carry E&O to hold their licence - Commercial auto insurance is legally required wherever vehicles are used for business Q: What is the difference between business insurance and commercial insurance? A: Nothing, in practice. The two terms are interchangeable in Canada, and both refer to the same set of policies. The distinctions that actually matter: - Business insurance and commercial insurance mean the same thing - Small business insurance usually refers to a packaged policy for lower-complexity operations - Larger or unusual operations are written as a custom commercial package instead - Whatever the label, the components are the same: liability, property, and the add-ons your operation needs Q: Do I need a broker for business insurance? A: You can buy some business policies direct from an insurer, but a broker compares the market for you and stays on your file all year. What that looks like at MyBrokers: - Your operation quoted across 120+ carriers from one application - Straight answers on limits, deductibles, and the exclusions that matter - Certificates of insurance for landlords and contracts, usually same business day - Your file re-shopped at renewal when rates move - A licensed broker in your corner when you have a claim --- ## Course of Construction & Builder's Risk Insurance URL: https://www.mybrokers.ca/course-of-construction-insurance New builds, renovations, and major installs, all covered from groundbreaking to handover. Edmonton and Calgary based, placing construction coverage across Alberta and Canada. Course of Construction insurance (also called builder's risk, or construction insurance) covers your project while it's being built: the structure, the materials, and the soft costs that pile up if a loss delays completion. We're commercial construction specialists in Edmonton and Calgary, placing coverage for the general contractors, developers, and owners behind everything from custom homes to major commercial and industrial builds across Alberta and Canada. Who we cover: - General contractors and construction managers - Property developers and project owners - Custom home builders and residential renovators - Homeowners self-managing a build, addition, or major renovation - Commercial, industrial, and institutional builders - Multi-unit residential, condo, and mixed-use developments - Edmonton and Calgary infill and secondary suite projects - Owner-builders working under an Alberta owner-builder authorization - Subcontractors and trades required to be named on project coverage - Lenders requiring proof of coverage before releasing construction draws What's typically included: - The structure under construction, at every stage from foundation to finishing - Building materials and supplies on site, in transit, and in temporary storage - Fire, lightning, explosion, wind, and Alberta's frequent hail - Theft and vandalism of materials, fixtures, and appliances before installation - Water damage from burst lines or sprinkler discharge - Temporary structures, scaffolding, hoarding, and formwork - Debris removal after a covered loss - Increased costs to rebuild damaged work to the current building code - Soft costs by endorsement, covering loan interest, permits, and design fees - Delay in start-up, covering lost income and carrying costs when a covered loss delays completion - Equipment breakdown during testing and commissioning - Existing structures on renovation and addition projects What moves the premium: - Total completed value of the project (hard costs, plus soft costs if included) - Construction type and materials, wood-frame vs. noncombustible - Project duration and current stage of completion - Location and exposure to Alberta hail, wildfire, and overland flood - Site security, fencing, lighting, cameras, and material storage - Builder and contractor experience and claims history - Whether you add soft costs and delay in start-up coverage - Deductibles, sublimits, and any flood or earthquake endorsements - Partial occupancy during construction Construction projects we insure: From a single custom home to industrial and municipal builds, we place Course of Construction and broader construction insurance across the project types Alberta builds most. Some of what we cover: - Custom Homes - Single-Family Homes - Duplexes - Townhomes - Multiplexes - Infill & Secondary Suites - Residential Subdivisions - Multi-Family & Condos - Show Homes & Spec Builds - Commercial Buildings - Industrial & Warehouse - Tenant Improvements - Renovations & Additions - Mixed-Use Developments - Institutional & Municipal - Retail & Restaurant Builds - Office & Commercial Interiors - Modular & Prefab - Acreage & Rural Builds - Garages & Outbuildings - Mechanical & Equipment Installations Common questions: Q: What does Course of Construction insurance cover? A: Course of Construction (builder's risk) covers the project while it's being built: the structure, the materials, and, by endorsement, the soft costs and lost income if a covered loss delays you. Typical coverage includes: - The building or structure under construction, at every stage - Materials and supplies on site, in transit, and in temporary storage - Fire, hail, wind, theft, vandalism, and water damage during the build - Soft costs by endorsement, covering loan interest, permits, and design fees - Delay in start-up, covering lost income and carrying costs after a covered loss Q: Course of Construction vs. construction insurance, what's the difference? A: "Construction insurance" is the umbrella term for everything a project needs; Course of Construction is the property piece that insures the build itself. A complete program usually pairs a few policies: - Course of Construction (builder's risk): the structure and materials during the build - Commercial general liability (CGL): third-party injury and property damage; see our contractor insurance page - Wrap-up liability: one liability policy covering every trade on a larger build - Contractor's equipment and tools coverage: insured separately, not under COC Q: Who needs Course of Construction insurance, and does my lender require it? A: Whoever carries the risk until handover buys it, and in practice the lender usually requires it before releasing construction draws. Most often that's: - The project owner or developer - The general contractor, when the contract assigns them the risk - Homeowners and owner-builders managing their own build or major renovation - Your lender, named as loss payee, before the first draw is advanced Q: How much does Course of Construction insurance cost? A: Premiums are based on the project, not your revenue, so they scale with the completed value and the risk of the build. As a general rule of thumb, expect roughly 1% to 4% of the project's total value, moved up or down by: - Construction type, wood-frame costs more than noncombustible - Project length and the season you're exposed through (hail, winter) - Location, site security, and claims history - Whether you add soft costs, delay, flood, or earthquake coverage Q: What isn't covered by Course of Construction insurance? A: Course of Construction is property coverage for the project itself, so a few things sit outside it and need their own policy: - Third-party injury or property damage claims, which fall under commercial general liability (see our contractor insurance page) - Your tools and equipment, insured under a contractor's equipment floater - Faulty workmanship itself, though resulting damage to the rest of the project is typically covered - Flood and earthquake, unless you add the endorsement --- ## Trucking & Transportation Insurance URL: https://www.mybrokers.ca/trucking-insurance Long haul, local, dangerous goods. Edmonton to Calgary to coast to coast. We work with carriers who actually want to write this risk. Trucking insurance (also called commercial trucking insurance or motor carrier insurance) is one of the toughest classes to place. Many brokers don't touch it. We're trucking insurance specialists, headquartered in Edmonton with brokers in Calgary, and we've built our practice around Alberta's transportation industry over more than two decades. We get quotes you can actually use, not declines, whether you're an owner-operator running your own authority out of Edmonton or a multi-province fleet hauling cross-border from Calgary. Who we cover: - Owner-operators (single truck, leased to a carrier or running your own authority) - Small (2-5 truck), mid-size, or large fleets - Long-haul Canada and Canada-US runs (FMCSA filings handled) - Local and regional hauling, including last-mile - Dangerous goods / TDG-classified loads - Specialty: livestock, bulk, vac trucks, water trucks, oilfield - For-hire and private carriers - Hot shot operators and expedited freight - Refrigerated freight and temperature-controlled hauling - Heavy haul, wide load, and oversized cargo What's typically included: - Commercial auto liability (primary, including US filings if needed) - Cargo coverage with named perils or all-risk options - Physical damage on tractors and trailers - Non-trucking liability (bobtail) for leased operators - General liability for the business itself - Trailer interchange and downtime coverage - Garage and repair shop coverage if you maintain in-house - MCS-90 endorsement for US-bound operations - Pollution liability for hazardous loads and oilfield work - Freight brokers professional liability (if you broker loads) - Towing and roadside assistance for breakdowns on the road What moves the premium: - Radius of operation (local vs. long-haul vs. US) - Commodity hauled and value per load - Driver experience and MVR (Motor Vehicle Record) abstracts - Claims history in the last 3-5 years - Equipment age, value, and maintenance program - Number of power units and trailers - Percentage of revenue from cross-border US operations - CVOR / NSC safety profile and CAB report - Driver retention and turnover rate - Province of base plates and operating jurisdiction Who Needs Commercial Trucking Insurance?: With over 24 years of experience in insuring truckers, we insure all aspects of the trucking industry. Whether you own a fleet of 100 trucks or are an independent owner operator, we're going to work with you side by side as your business partners to offer you the best insurance premiums and lowest costs on your trucking insurance. We've insured more than 1,000 truckers across Alberta and Canada, from owner-operators based in Edmonton and Calgary to multi-province fleets running cross-border. Some of the truckers, trucks, and cargo we've insured: - General Freight - Dangerous Goods - Canada & US Hauling - Fuel Haulers - Freight Brokers Professional Liability - Local Hauling - Short & Long Haul - VAC Trucks - Water Trucks - Car Haulers - Livestock - Bulk Hauling - Wide Loads - Sand & Gravel - Truck Warehousing - Semi-Trucks & Big Rigs - Tractor-Trailers - Box Trucks & Cube Vans - Cargo Vans & Cutaway Vans - Flatbed & Flat-Deck Trailers - Step-Deck & Lowboy Trailers - Refrigerated Trucks (Reefers) - Tank Trucks & Tankers - Dump Trucks & Gravel Trucks - Tow Trucks & Wreckers - Heavy Haul & Wide Load Trucks - Hot Shot Services - Crane & Rigging Operations - Oilfield Equipment & Services - Snow Plows & Sanders - Logging Trucks - Concrete Mixer Trucks - Chartered Coach & Bus Lines Common questions: Q: How Much Does Commercial Trucking Insurance Cost? A: Premiums for commercial trucking insurance are calculated based on the size of your fleet, what you haul, and the operating risk profile of your drivers. The biggest factors that move the price: - The number of drivers & vehicles being insured - Drivers history & claims experience - The type & value of cargo being hauled - Where the business is being operated Q: What will my Commercial Trucking Insurance cover? A: A standard commercial trucking policy bundles multiple coverages so you're protected on the road, in the yard, and at every stage of the load. Coverage typically includes: - Primary Liability - Non Trucking Liability - Physical Damage Collision & Comprehensive - Combined Deductibles & Gap Coverages - Towing Coverages - Hired auto - Non-owned Auto - Specified Perils - Many More Q: What is an MCS-90 endorsement and when do I need one? A: The MCS-90 is a US Federal Motor Carrier Safety Administration (FMCSA) endorsement attached to a commercial auto liability policy. It's a public-protection guarantee — the insurer pays third-party bodily injury and property damage claims even if the underlying coverage doesn't apply, and then collects from the motor carrier afterwards. Any Canadian trucking operation running into the US for hire (including most Alberta carriers crossing into Montana, Idaho, or Washington) needs FMCSA operating authority and the MCS-90 endorsement filed with the federal government before crossing the border. - Required for any Canadian carrier hauling into the US for hire - Filed with the FMCSA as proof of financial responsibility - Minimum $750,000 USD for general freight, $1,000,000 USD for hazmat - We handle US filings (BMC-91, MCS-90) for cross-border operations out of Edmonton and Calgary - Some private carriers and intrastate-only US operations may be exempt Q: What's the difference between Cargo Insurance and Commercial Auto Liability coverage? A: Commercial Auto Liability covers third-party bodily injury and property damage you cause while driving — hitting another vehicle, damaging someone's fence, injuring a pedestrian. Cargo Insurance covers the freight itself — the load you're hauling — against theft, damage, water, fire, refrigeration breakdown, and collision. They're two completely separate coverages. A loaded reefer that rolls in a ditch needs Liability for the road damage, Physical Damage for the truck, and Cargo for the spoiled load. - Liability: pays third parties when you cause damage with the truck - Cargo: pays for damage to the load itself in your care - Physical Damage: pays for damage to your truck and trailer - All three are separate and most fleets carry all three - Cargo can be written named-peril (basic) or all-risk (broader, more expensive) Q: How does trucking insurance work in Alberta? A: Alberta trucking insurance is written through commercial brokers, not direct from the province, and underwritten by specialty commercial carriers. What's specific to Alberta: most fleets run a mix of intra-Alberta hauling and interprovincial runs into BC, Saskatchewan, and the US, which changes how the policy is filed and rated. Oilfield, hot shot, heavy haul, and crane operations are concentrated here, and the carriers we work with know those exposures. We're headquartered in Edmonton with brokers in Calgary, and we write Alberta-plated trucks running anywhere in Canada or the US. - Alberta trucking insurance is written through private commercial brokers - Most Alberta fleets carry intraprovincial, interprovincial, and/or US authority depending on operation - Oilfield, hot shot, heavy haul, and crane work are common Alberta specialties - We're based in Edmonton with brokers in Calgary - We write Alberta-plated trucks running anywhere in Canada or the US --- ## Commercial Property Insurance URL: https://www.mybrokers.ca/commercial-property-insurance Buildings, contents, stock, and the income you'd lose while the doors are closed. Whether you own the building or lease the unit, commercial property insurance covers the structure, the contents, the equipment, and the income you'd lose while the doors are closed. Property loss isn't just the rebuild, it's the temporary location, the staff you keep paying, and the customers who go elsewhere. Who we cover: - Building owners (single-tenant or multi-tenant) - Tenants insuring leasehold improvements and contents - Mixed-use property: residential above, commercial below - Manufacturing and warehousing - Office space, retail, professional services - Vacant or under-renovation properties What's typically included: - Building (structure, fixed installations) - Contents and stock at replacement cost - Business interruption, lost net income while you're shut down - Equipment breakdown (boiler, electrical, refrigeration) - Sewer backup and overland water (Canadian winter staples) - Vandalism, theft, and break-in damage - Extra expense, costs to keep operating elsewhere What moves the premium: - Construction type (frame, masonry, fire-resistive) - Roof age and condition - Sprinkler and fire alarm systems - Occupancy, what happens inside the building - Total insured value (TIV) of building + contents - Location: urban vs. rural, distance to fire hall Commercial properties we insure: Commercial property is a wide bucket. We write coverage for owner-occupied buildings, landlord-held real estate, mixed-use buildings with residential above and commercial below, multi-unit residential, and everything in between. If you own it, lease it, or rent it out, we'll match you to a policy that fits the structure and the use. - Office Buildings - Retail Plazas & Strip Malls - Shopping Centres - Industrial Warehouses - Distribution Centres - Cold Storage & Refrigerated Warehouses - Manufacturing Facilities - Light Industrial Bays - Multi-Residential Buildings - Mixed-Use Buildings - Hotels & Motels - Restaurants & Hospitality Properties - Self-Storage Facilities - Auto Repair Shops & Garages - Medical & Dental Buildings - Professional Office Suites - Showrooms & Galleries - Religious & Community Buildings - Schools & Daycare Facilities - Vacant Commercial Buildings - Properties Under Renovation - Commercial Condo Units - Standalone Retail Storefronts - Farm & Agricultural Buildings Common questions: Q: Who needs Commercial Property Insurance? A: If you own a building, lease a commercial space, or operate from a fixed location, you need commercial property insurance. Coverage is typically required by landlords, lenders, and most B2B contracts. We insure: - Building Owners (single-tenant or multi-tenant) - Commercial Tenants insuring leasehold improvements - Mixed-Use Property Owners (residential + commercial) - Manufacturing & Warehousing Operations - Office, Retail, and Professional Services Tenants - Owners of Vacant or Under-Renovation Properties Q: How much does Commercial Property Insurance Cost? A: Commercial property premiums depend on the building, what's inside, and how risky the location is from a fire and water perspective. The factors that move the cost most: - Building Location & Postal Code - Construction Type (frame, masonry, fire-resistive) - Total Insured Value of Building & Contents - Roof Age, Plumbing, Wiring, and HVAC Condition - Sprinklers, Alarms, and Fire Protection Systems - Type of Business Operating Inside Q: What does Commercial Property Insurance cover? A: A commercial property policy protects your physical assets and the income you'd lose if you had to close. Most policies include: - Building Coverage (structure & permanent fixtures) - Contents & Stock Coverage - Business Interruption Coverage - Equipment Breakdown Coverage - Sewer Backup & Overland Water Coverage - Vandalism, Theft & Break-In Coverage Q: What's the difference between All-Risk and Named-Peril coverage? A: Commercial property is written on one of two bases. All-Risk (or 'open-perils') covers any loss unless it's specifically excluded — broader coverage, higher premium. Named-Peril only covers losses from the specific perils listed on the policy: fire, theft, vandalism, water damage, and so on. Which basis applies usually depends on building age, condition, and what your lender or landlord requires. - All-Risk: broader coverage, includes anything not specifically excluded - Named-Peril: covers only the perils listed on the policy - Most newer commercial buildings are eligible for All-Risk - Lender and mortgage agreements often dictate the basis - Older buildings and vacant properties sometimes only qualify for Named-Peril Q: What's the difference between Replacement Cost and Actual Cash Value coverage? A: Replacement Cost pays to rebuild or replace your property at today's prices, with no depreciation taken off. Actual Cash Value pays the depreciated value of the asset at the time of loss. Most newer commercial buildings are written on a Replacement Cost basis. Actual Cash Value is more common on older buildings, vacant properties, and policies where the building isn't insured to its full value. - Replacement Cost: pays full rebuild value with no depreciation - Actual Cash Value: pays depreciated value at the time of loss - Replacement Cost typically requires insuring the building to 80% or 100% of its replacement value - Actual Cash Value is more common on older or vacant buildings - We'll quote both and explain the difference for your specific building --- ## E-commerce Insurance URL: https://www.mybrokers.ca/e-commerce-insurance Online shops have different exposures than brick-and-mortar. Your policy should reflect that. E-commerce sounds simple from the outside. Set up Shopify, drive traffic, ship orders. The risk profile is anything but. Inventory in third-party warehouses, customer data on cloud platforms, shipped product on the road, and a chargeback that turns into a lawsuit. We've written policies for everyone from solo Shopify operators to seven-figure DTC brands. Who we cover: - Direct-to-consumer brands (Shopify, BigCommerce, Squarespace) - Amazon FBA and Walmart Marketplace sellers - Etsy and handmade-goods businesses - Subscription box and recurring-revenue stores - Dropshippers and white-label resellers - Wholesale and B2B online distributors What's typically included: - Product liability (claims tied to what you sell) - General liability (premises, advertising injury) - Cyber liability (data breaches, ransomware, payment fraud) - Stock and inventory coverage, at home, in 3PL, or in transit - Business interruption tied to platform downtime - Professional liability if you also offer consulting/services - Errors & omissions on product descriptions and claims What moves the premium: - Annual revenue and projected growth - Product category (cosmetics, electronics, food = higher; apparel = lower) - Countries you ship to (US shipments raise the bar) - Volume of customer payment data stored - Marketplace vs. owned channel mix - Past claims and chargeback history Who Needs E-commerce Insurance?: Ecommerce insurance is essential to the long term survival of your business. Whether you're selling on shopify, amazon, walmart, or selling digital services through your personal brand, you'll need online business insurance to keep you and your business protected. We've insured clients including: - Shopify Dropshipping Companies - Subscription Based Companies - Manufacturers - E-Commerce Retail Stores - Wholesale Companies - Automation Services - Jewellery - Sports Equipment - Pet Products - Foods & Grocery - Fashion – Apparel & Clothing - Electronics & Phone Accessories - Cosmetics - Consumable goods - Digital Products & Services Common questions: Q: How much does E-commerce Insurance Cost? A: A majority of insurance policies for ecommerce stores can start at $500/year, but policies for high-ticket and high-risk products like luxury items will have higher premiums. The factors that move your premium include: - Type of Products Sold - Sales Volume & Expectations - Value of Inventory held - Number of Employees - Value of the products sold Q: What does E-commerce Insurance cover? A: Ecommerce policies protect both your online operations and the physical goods moving through your fulfillment chain. Typical coverage includes: - Commercial General Liability Insurance - Product Liability Insurance - Cyber Liability Insurance - Inventory & Stock Coverage (warehouse, 3PL, in-transit) - Business Interruption Insurance - Professional Liability / Errors & Omissions --- ## Retail Insurance URL: https://www.mybrokers.ca/retail-insurance Foot traffic means slips, theft, and the occasional disgruntled customer. We write the policy for all of it. Brick-and-mortar retail has stayed relatively stable as a risk class. The threats are well known: slip-and-fall, customer theft, employee theft, fire, water damage. What's changed is how policies are written. Modern retail policies bundle property and liability, with options that scale from a single shop to a multi-location chain. Who we cover: - Independent storefronts (clothing, books, gifts, hardware) - Convenience and grocery stores - Specialty retail (jewelry, electronics, art, antiques) - Multi-location chains and franchises - Pop-up shops and seasonal retailers - Combined retail + service (salons, repair shops) What's typically included: - Commercial general liability (slip-and-fall, advertising injury) - Contents and stock at replacement cost - Crime and dishonesty (employee theft, robbery, forgery) - Glass and signage coverage - Business interruption with utility shutdown extension - High-value inventory floaters where applicable - Cyber and POS breach coverage What moves the premium: - Annual revenue and number of locations - Inventory type and average stock value - Security: alarms, cameras, after-hours protocols - Location: street-front vs. mall vs. strip plaza - Claims history - Whether you have employees and at what volume Who needs Retail Insurance?: Retail insurance covers more than the storefront. We write policies for brick-and-mortar shops, online retailers, multi-location chains, and pop-up vendors across Canada. Whether you sell clothing, jewellery, electronics, cannabis, or groceries, the right policy depends on your category, foot traffic, and inventory value. Some of the retail businesses we insure: - Clothing & Apparel Stores - Jewellery Stores - Electronics Stores - Grocery Stores - Convenience Stores - Gas Stations - Hardware Stores - Furniture Stores - Bookstores - Toy Stores - Beauty Supply & Cosmetics - Pet Stores & Pet Products - Flower Shops - Bike Shops - Cannabis Retailers - Vape Shops - Liquor Stores - Health Food Stores - Bakeries & Specialty Food - Online Retailers & E-commerce - Amazon FBA & Marketplace Sellers - Pop-up Shops - Multi-location Chains & Franchises - Home-based Retailers Common questions: Q: How much does Retail Insurance Cost? A: Retail insurance premiums depend on your storefront, your inventory, and how exposed you are to theft and foot-traffic claims. The biggest cost factors are: - Location & Store Size - Number of Employees - Years of Experience & Projected Revenues - Projected Yearly Gross Revenue Q: What does Retail Insurance cover? A: A typical retail policy combines property protection for the store and contents with liability protection for the customer-facing risks of running a retail business. Coverage usually includes: - Commercial General Liability Insurance - Product Liability Insurance - Commercial Property Insurance - Cyber Liability Insurance --- ## Restaurant Insurance URL: https://www.mybrokers.ca/insurance-for-restaurants Liquor, deep fryers, foot traffic, and a kitchen that runs hot. Restaurants need insurance that's actually built for them. Restaurants are one of the highest-frequency claim categories in commercial insurance. Slip-and-falls, equipment fires, food spoilage during a power outage, and the occasional liquor-related lawsuit. The right policy isn't just a general business policy with a restaurant sticker on it. Who we cover: - Full-service restaurants and bistros - Quick-service and counter-service - Bars, pubs, and lounges (with liquor exposure) - Food trucks and mobile vendors - Catering and event services - Ghost kitchens and delivery-only operations What's typically included: - Commercial general liability + slip-and-fall - Liquor liability (host and dram shop) - Property: building, contents, kitchen equipment - Equipment breakdown (walk-ins, fryers, ovens) - Food spoilage from power loss - Business interruption for closures and forced shutdowns - Crime and employee dishonesty What moves the premium: - Liquor sales as a percentage of revenue - Operating hours (late-night raises rates) - Seating capacity - Cooking method (no-fryer vs. open flame vs. wood-fired) - Years of operating history - Past slip-and-fall and liquor-related claims Who needs Restaurant Insurance?: Whether you own delivery only or dine in restaurant, we understand the complexities that come with owning a business in the food industry. a retail business or construction company it's no secret that unexpected issues can quickly arise, regardless of the services you provide you'll need a strong insurance policy to keep your new business protected. Our Brokers are going to work with you directly and offer you a simple, yet complex insurance policy that meets all of your business needs that insures you in the best way possible. We've insured thousands of entrepreneurs. Some of the types of restaurants we've insured includes: - Dine In Restaurants - Bars & Nightclubs - Cafes & Coffee Shops - Ghost Kitchens - Caterers - Food Trucks & Pop Up Shops Common questions: Q: How much does Restaurant Insurance Cost? A: Restaurant insurance premiums depend on what you cook, what you serve, and what hours you operate. Underwriters look at: - Business Size & Location - Projected Revenues - Product or Services being provided - Years of Experience - Previous Insurance Claims Q: What does Restaurant Insurance cover? A: Standard restaurant policies bundle property, liability, and a few category-specific extensions. Liquor liability is non-optional if you serve alcohol. Coverage usually includes: - Commercial General Liability Insurance - Commercial Property Insurance - Liquor Liability Insurance - Product Liability Insurance - Cyber Liability Insurance --- ## Insurance for Non-Profits & Charities URL: https://www.mybrokers.ca/insurance-for-non-profits Non-profits face the same risks as for-profits, usually with smaller budgets and volunteer-heavy operations. Non-profits run on tight margins with rotating volunteers, public-facing events, and boards of directors who often serve unpaid. The exposure profile is unique: you need coverage for the directors, the volunteers, the events, and the people you serve. All of it on a budget that has to leave room for the mission. Who we cover: - Registered charities and foundations - Religious organizations and faith-based groups - Social services and youth programs - Sports clubs and amateur leagues - Cultural organizations, theatres, galleries - Community associations and neighbourhood groups What's typically included: - Commercial general liability - Directors' & officers' liability (D&O) - Abuse and molestation coverage (critical for youth-serving orgs) - Volunteer accident coverage - Event liability for fundraisers and galas - Property: office space, contents, donated inventory - Cyber and donor-data privacy What moves the premium: - Annual revenue and donation volume - Whether you serve vulnerable populations (kids, seniors) - Number of volunteers and how they're vetted - Public events: frequency and attendance - Real estate ownership vs. office rental - Past claims, especially abuse-related Common questions: Q: Do Non Profit Organizations Need Insurance? A: Non Profit Insurance protects non profit organizations and charities from the several risks that could arise from their good intentions. Non Profit Insurance protects your charitable organization against fiduciary liability damages, professional malpractice, and potential body injuries. You likely need a policy if: - You have a company office space or work from home - Conduct business with clients in multiple locations - Have Staff or Volunteers offer advice or guidance services - Your company stores confidential or client information/data - Your company has a board of advisors Q: How much does Non Profit Insurance Cost? A: Non Profit Insurance premiums are usually moderate, but the activities your organization runs and the people you serve change the underwriting picture. Cost factors include: - Company Size & Location - Projected Revenues - Number of Employees - Services Being Provided - Experience Levels Q: What does Non Profit Insurance cover? A: Non Profit Insurance protects your charitable organization against fiduciary liability damages, professional malpractice, and potential bodily injuries. Coverage typically includes: - Commercial General Liability Insurance - Directors & Officers Liability Insurance - Cyber Liability Insurance --- ## Insurance for Technology Companies URL: https://www.mybrokers.ca/insurance-for-technology-companies Tech E&O, cyber, and IP coverage built for software companies, SaaS, and the agencies that serve them. If you ship code, host data, or build technology for clients, your liability isn't physical. It's professional. A failed deployment, a data breach, a contract dispute over a delayed release: these are the claims that hit tech companies, and they require a different category of policy than a typical commercial GL. Who we cover: - SaaS and B2B software companies - IT consultancies and digital agencies - MSPs and managed-service providers - Hardware and IoT manufacturers - AI / ML service providers - Fintech, healthtech, and regulated-vertical software What's typically included: - Technology errors & omissions (E&O) - Cyber liability (first-party and third-party) - Network security and privacy liability - Media liability and IP infringement - Business interruption from cyber events - Crime and social engineering fraud - Directors' & officers' for VC-backed companies What moves the premium: - Annual revenue and customer count - Data sensitivity (health, financial, government) - Geography of customers (US clients raise rates) - SOC 2 / ISO 27001 status - Whether you process payments or store PII - Past breaches, claims, and incidents Common questions: Q: Who Needs Insurance for Technology Companies? A: Established technology companies need professional and cyber coverage that scales with their customer base, data exposure, and contract requirements. We cover: - Software Developers - Website Design & Marketing Agencies - Ecommerce Brand Owners - IT Consultants - Computer Installations or Repairs Q: How Much Does Insurance for Technology Companies Cost? A: Tech company insurance premiums are driven by what your software does, the geography of your customers, and the volume of sensitive data you handle. Cost factors include: - Projected Revenues - Types of Products or Services Offered - The Value of your Assets & Liabilities Q: What will my Tech Company Insurance cover? A: Insurance for technology companies bundles E&O, cyber, and general liability to cover both digital and physical exposures. Coverage typically includes: - Commercial General Liability Insurance - Professional Liability Insurance - Cyber Liability Insurance --- ## Technology Insurance URL: https://www.mybrokers.ca/technology-insurance For freelancers, contractors, and small tech teams who sell expertise, coverage scaled to your size. Not every tech company is a venture-funded SaaS. Solo developers, freelance designers, IT contractors, and small consultancies need the same E&O and cyber coverage, just sized differently. We write policies that start small and grow with you. Who we cover: - Independent software developers and contractors - Freelance designers, UX, and product consultants - IT consultants and technical project managers - Small IT shops and break-fix providers - Cybersecurity consultants and penetration testers - Tech bootcamps and training providers What's typically included: - Professional liability / errors & omissions - Cyber liability with breach response - General liability (premises, advertising injury) - Hired and non-owned auto (for client visits) - Business equipment coverage (laptops, gear) - Personal cyber for sole proprietors What moves the premium: - Annual revenue (often < $500K for this category) - Type of work: development, consulting, audit, training - Client industry and contract values - Past claims - Whether contracts require specific coverage limits Common questions: Q: Who Needs Technology Insurance? A: If you ship code, host data, build software, or sell IT services, you need a policy that covers the professional and digital risks of working in tech. Common audiences include: - Software Developers - Website Design & Marketing Agencies - Ecommerce Brand Owners - IT Consultants - Computer Installations or Repairs Q: How Much Does Technology Insurance Cost? A: Technology insurance premiums depend on what your business does, who your clients are, and how much sensitive data you handle. Cost is calculated on: - Projected Revenues - Types of Products or Services Offered - The Value of your Assets & Liabilities Q: What will my Technology Insurance cover? A: Technology Insurance bundles a few core coverages that target the unique exposures of building, hosting, and selling technology services. Typical coverage includes: - Commercial General Liability Insurance - Professional Liability Insurance - Cyber Liability Insurance --- ## Insurance for Contractors URL: https://www.mybrokers.ca/insurance-for-contractors GCs, subs, trades, coverage that meets the limits on your contract and protects the tools in your truck. Contractor insurance (also called construction insurance or commercial general liability for contractors) is contract-driven. Most general contractors require their subs to carry specific minimum limits, $2M general liability, automobile coverage, and proof on a Certificate of Insurance before you set foot on site. We write policies that match the limits in your master service agreements and issue COIs the same day. Who we cover: - General contractors and project managers - Subtrades: framing, drywall, electrical, mechanical, finishing - Roofers, HVAC, plumbing, glazing - Civil and earthworks contractors - Renovation and design-build firms - Specialty: insulation, scaffolding, demolition, hazmat What's typically included: - Commercial general liability ($2M/$5M/$10M limits) - Tools and equipment (in transit and on site) - Builder's risk for construction projects - Wrap-up insurance for major builds - Commercial auto for trucks and trailers - Pollution liability for environmental exposure - Subcontractor default coverage What moves the premium: - Trade(s) you operate in - Annual revenue and payroll - Subcontractor spend (subs you hire raise your exposure) - Project type: residential vs. commercial vs. industrial - Safety program and incident history - Years in business and claims history Who needs Contractor Insurance?: We insure all aspects of the construction industry. Whether you offer commercial, industrial, municipal or residential construction services, our coverages offer everything you need to protect your business from injuries, potential lawsuits, and other liabilities that could arise on construction projects. We've insured more than 1,000 contractors across all industries. Some construction contractors we've insured include: - General Contractors - Subcontractors - Specialty trade contractors - Construction Contractors - Construction Service Forms - Construction Insurance - Construction Project - Construction Liability Insurance - Carpenters - Demolition - Electricians - Excavators - Interior Construction Workers - Landscapers - Painters - Plumbers - Roofers - Renovation Contractors - Welders - Developers & Owners - HVAC Contractors - Drywallers & Plasterers - Masons & Bricklayers - Flooring Contractors - Concrete Contractors - Insulation Contractors - Glazing & Window Contractors - Handyman Services - Snow Removal Contractors - Deck & Fence Builders - Cleaning & Janitorial Contractors - Restoration & Remediation Contractors - Tree Removal & Arborists - Pool & Spa Contractors - Civil & Earthworks Contractors Common questions: Q: How much does Contractors Insurance Cost? A: Contractor insurance typically starts around $450 per year for a basic Commercial General Liability policy with a $2M limit, but most working contractors pay more depending on trade, project type, and revenue. Contractor premiums are contract-driven and trade-driven. The bigger your project pipeline and the more dangerous your trade, the higher your rate. Key cost factors: - Type of Projects - Number of employees - Years of Experience & Projected Revenues - Type of Equipment & Tools Owned Q: What does Contractors Insurance cover? A: Contractors policies bundle liability, property/equipment, and project-specific coverages that meet the limits required in most master service agreements. Coverage typically includes: - Commercial General Liability Insurance - Builders Risk Insurance - Tools & equipment Insurance - Pollution Liability Insurance Q: What is a Certificate of Insurance (COI) and why does my GC require one? A: A Certificate of Insurance, or COI, is a one-page document from your insurer confirming your policy is active, what coverage you have, and the limits in place. General contractors require it from every sub before they're allowed on site. Most commercial landlords, lenders, and clients also require one as a condition of the contract. We issue COIs the same day for active MyBrokers clients. - Confirms your policy is active and lists your coverage limits - Required by most general contractors before subs can start work - Often required by landlords, lenders, and commercial clients - Can be issued the same day for an active policy - Additional insured endorsements can be added when a contract requires it Q: Are subcontractors covered under my Contractor Insurance? A: Not automatically. Subcontractors you hire are usually expected to carry their own Commercial General Liability and any other coverages your contract requires. Your policy may cover their finished work under a 'completed operations' or 'subcontractor default' endorsement, but you should always collect a current Certificate of Insurance from every sub before they start. Your coverage exists for your business and your direct employees — subs are responsible for their own. - Subcontractors typically need to carry their own CGL and any contract-required coverages - Always collect a current COI from every sub before work starts - Your policy may have a 'completed operations' endorsement covering finished sub work - Subcontractor default coverage protects you if a sub goes out of business mid-project - Listing your business as additional insured on a sub's policy adds another layer of protection --- ## Insurance for New & Startup Businesses URL: https://www.mybrokers.ca/insurance-for-new-businesses Year-one coverage that doesn't punish you for being new, minimum premiums, scalable policies, and broker advice from someone who's done it 1,000+ times. At MyBrokers, we insure new businesses across all types of industries daily. With over 24 years of insurance experience, whether you're a new start up, retail business, construction company, restaurant, accountant, renewable energy company, etc, we're partners with over 120 insurance providers that can offer you all the best coverages needed to protect your new business. Who we cover: - Recently incorporated companies (sole prop, partnership, corp) - First-time business owners - Side-business owners moving full-time - Franchisees opening their first location - Founders raising or pre-raise - Spinoffs and recently divested business units What's typically included: - Commercial general liability (most common: $2M) - Contents and equipment at your premises - Cyber liability (basic tier) - Crime: employee theft and forgery - Tenant's legal liability (if leasing) - Errors & omissions for service businesses What moves the premium: - Industry / SIC code - Owner's experience in the industry - Projected first-year revenue - Whether you're hiring employees in year one - Required limits in customer or landlord contracts - Province of operation Professions and industries we cover: - Accountants - Accounting Firm - Architects - Actuaries - Advertising Agencies - Photographers / Videographers (ariel & ground based) - Alternative Energy Companies - Architects & Engineers - Appraisers - Beauty Practitioners - Bookkeepers - Broadcasters - Building Designers - Business Consultants - Contractors - Construction Companies - Chiropodists - Civil engineers - Collection Agencies - Consultants - Chiropractors - Drop Shipping Companies - Design Firms - Directors and Officers - Ecommerce Brands - Employment Agencies/Recruiters - Estheticians - Engineers - Environmental Engineers - Energy Audits & Assessments - Fitness Gyms & Consultants - Financial Advisors - Financial Planners - Foreign Legal Consultants - Holistic Professional - Hotel Consultant - Home Inspectors - Human Resources (HR) Consultant - Immigration Consultants - Information Technology & Computer Consultants - Interior Designers - IT Contractor - IT Specialist/Technician/Programmer - Independent Contractor - Product Designers - Professionals Liability - Lawyer's Excess Professional Liability - Massage Therapists - Marketing Agencies - Management Consultants - Medical Related - Medical Professionals - Medical Students - Multimedia designers - Mortgage Brokers - Non Profits - Occupational Health and Safety Consultants - Quality Control Consultants - Placement Agencies - Podiatrists - Process Servers - Private Investigators - Project Managers - Property Managers - Paralegals - Publishers and Printers - Restaurant Owners - Retail Businesses - Recruitment and Employment Agencies - Recruitment Consultants - Safety Engineers - Service Organizations - Solar & Wind Farm Engineers & Consultants - Staffing Agencies - Structural Engineers - Sub Contractors - Surveyors - Trucking Companies - Therapists - Training Providers/Trainers - Travel Agencies - Travel Agents & Tour operators - Website Designers - Website Developers - Workplace Engineers & Consultants Common questions: Q: Who needs insurance for a new business? A: Any new business with employees, clients, contracts, leased premises, or product/service liability exposure should carry insurance. The list of clients we cover for new business insurance includes: - Newly Incorporated Companies (sole prop, partnership, corp) - First-Time Business Owners - Side-Business Owners Going Full-Time - Franchisees & Multi-Location Owners - Founders Raising or Pre-Raise - Recently Spun-Off Business Units Q: How much does New Business Insurance Cost? A: New business insurance is usually written at minimum-premium pricing in the first year, since there isn't enough history yet. Cost factors include: - Industry type - Number of employees - Product or Services being provided - Years of Experience - Projected Revenues Q: What does new business insurance cover? A: New business policies bundle a core set of coverages that protect the business from the most common first-year claims. Coverage usually includes: - Commercial General Liability Insurance - Professional Liability Insurance - Product Liability Insurance - Cyber Liability Insurance --- ## Surety Bonds Alberta — Bid, Performance & Developer Bonds URL: https://www.mybrokers.ca/surety-bonds Bid, performance, and labour & material bonds, developer and subdivision bonds, and the bonding facility behind them. Edmonton and Calgary based, placing surety across Alberta and Canada. A surety bond is a three-party guarantee, not an insurance policy: you (the principal), the owner or government requiring the bond (the obligee), and the surety standing behind your obligation. We're surety specialists in Edmonton and Calgary, setting up bonding facilities and placing bid bonds, performance and labour & material payment bonds, and developer and subdivision bonds for contractors and developers across Alberta and Canada. Who we cover: - General contractors and construction managers bidding public and private work - Subcontractors and trades required to be bonded on a project - Land developers posting security under a municipal development agreement - Home builders and multi-phase residential, commercial, and mixed-use developers - Civil, road, grading, and underground utility contractors on municipal and provincial tenders - Design-build, P3, and infrastructure project teams - Growing contractors setting up a first bonding facility or raising an aggregate limit - Businesses needing a Service Alberta license or permit bond to operate - Motor vehicle dealers (AMVIC), direct sellers, travel agencies, and home inspectors - Importers needing a CBSA customs or excise bond under CARM Surety bonds we place: - Bid bonds (CCDC 220) guaranteeing you'll honour your bid and post contract security if awarded, typically 10% of the bid price - Performance bonds (CCDC 221) guaranteeing the contract is completed, commonly 50% of the contract price on Alberta public work, up to 100% on private and municipal jobs - Labour & material payment bonds (CCDC 222) guaranteeing your subcontractors and suppliers get paid - Agreement to Bond and Consent of Surety supporting your tender submission - Maintenance and warranty bonds covering the post-completion warranty period - Lien and holdback bonds to release statutory holdback or discharge a registered lien - Developer and subdivision bonds securing municipal servicing, roads, sewers, water, storm drainage, grading, and landscaping, under a development agreement - License and permit bonds required by Service Alberta and municipal regulators - Customs and excise bonds for importers under CBSA's CARM system - A bonding facility with single-project and aggregate limits, so bid and contract bonds issue when you need them How surety is underwritten and priced: - The three Cs: Character, Capacity, and Capital - Working capital and net worth on your financial statements, often the single biggest lever - Whether your statements are notice-to-reader, reviewed, or audited - Your work-in-progress (WIP) schedule and total work-on-hand - Track record on completed projects of similar size and scope - Owner credit history and the General Indemnity Agreement signed by the principals - Contract value, project type, and complexity of the work being bonded - The size of the facility you need, single-project limit versus aggregate limit - Your bank operating line and overall liquidity - Management depth and a business continuity plan Types of Surety Bonds We Place: MyBrokers represents over 120 carrier partners across Construction, Energy, and other commercial verticals, and we place surety alongside the course of construction and contractor coverage these same clients carry. Whether you need a single license bond or an aggregate bonding facility to chase bigger public tenders, here's the range of surety we write across Alberta and Canada: - Bid Bonds - Performance Bonds - Labour & Material Payment Bonds - Agreement to Bond - Consent of Surety - Contract Surety Facilities - Aggregate Bonding Facilities - Maintenance Bonds - Warranty Bonds - Lien Bonds - Holdback Bonds - Supply Bonds - Subdivision Bonds - Developer Bonds - Site Improvement Bonds - Development Agreement Bonds - License & Permit Bonds - Service Alberta Bonds - Motor Vehicle Dealer Bonds (AMVIC) - Direct Seller Bonds - Customs & Excise Bonds (CARM) - Reclamation & Environmental Bonds - Lost Instrument Bonds Common questions: Q: What is a surety bond and how does it work? A: A surety bond is a three-party guarantee, not insurance. It involves you, the party you owe an obligation to, and the surety that backs you. If you fail to meet the obligation, the surety satisfies the obligee and then recovers what it paid from you. That recovery right is what makes surety different from insurance. - Principal: you, the contractor or business that must perform the obligation - Obligee: the project owner, government, or regulator requiring the bond - Surety: the company guaranteeing you'll perform - If you default, the surety makes the obligee whole, then looks to you to repay it - You sign a General Indemnity Agreement (GIA) before bonds are issued Q: What does a performance bond cover? A: A performance bond (CCDC 221 in Canada) guarantees the project owner that the contract gets finished according to its terms. If the contractor defaults, the surety can step in, finance the original contractor, arrange a replacement to complete the work, or pay the owner up to the bond limit. It protects the owner, not the contractor. - Guarantees completion of the contract per its terms and specifications - Commonly written at 50% of the contract price on Alberta public work, up to 100% on private and municipal jobs - On default, the surety completes, re-tenders, finances, or pays up to the bond amount - Liability is capped at the bond's penal sum - Does not cover the owner's consequential or liquidated damages Q: What does a labour and material payment bond cover? A: A labour and material payment bond (CCDC 222) guarantees that your subcontractors and suppliers get paid for the labour and materials they put into the project. It matters most on public work, where trades generally can't register a builders' lien against government property, so the payment bond is their main recourse. It's issued alongside the performance bond, not on its own. - Protects subcontractors and suppliers who provide labour and materials - Usually written to match the performance bond, often 50% to 100% of the contract price - Critical on public projects where liens against Crown property are limited - Issued as a companion to the performance bond, not as a stand-alone bond - Covers claimants down one level of subcontractor Q: Do I need a bid bond to bid on a construction tender? A: On most public-sector and larger private tenders, yes. A bid bond (CCDC 220) tells the owner your bid is serious and that you can post the performance and payment bonds if you win. If you withdraw or refuse the contract after being awarded it, the bid bond compensates the owner for the cost of going to the next bidder. - Typically required at 10% of your bid price - Guarantees you'll sign the contract and provide contract security if awarded - Often paired with an Agreement to Bond confirming the surety will issue the contract bonds - Usually issued at no extra premium once your bonding facility is set up - Common on municipal, provincial, and federal tenders and larger commercial work Q: How much does a surety bond cost in Alberta? A: Surety premium is a percentage of the bond or contract amount, not a percentage of expected loss, because the surety underwrites to a no-loss expectation. Strong financials get you the best rate. As a general guide, and always confirmed on a quote: - Contract bonds typically run from under 1% up to a few percent of the contract value - The rate per thousand usually drops as the contract value rises (a sliding scale) - Bid bonds are commonly issued at no extra premium once a facility is in place - License, permit, and commercial bonds are often priced around 1% to 5% per year - Surety bond premiums are exempt from GST/HST Q: What is a bonding facility and how much can I get bonded for? A: Rather than approving bonds one at a time, a surety pre-approves you for a facility, a line that lets bonds issue quickly up to set limits. It has a single-job limit (the largest contract it will bond) and an aggregate limit (the total bonded work-on-hand it will carry at once). As you complete work, capacity frees back up. - Single-project limit: the largest single contract the surety will bond - Aggregate limit: the total outstanding bonded work allowed at one time - Capacity is driven mainly by your working capital and net worth - Reviewed or audited financial statements support larger facilities - We set the facility up so future bid and contract bonds issue fast Q: Can a surety bond replace a letter of credit for a development agreement? A: In Alberta, increasingly yes. Calgary was one of the first large Canadian municipalities to accept developer surety bonds as security for development-agreement obligations in 2019, and Edmonton, Airdrie, St. Albert, and Strathcona County followed. A surety bond frees up working capital that a bank letter of credit would otherwise tie up against your operating line. - Secures the municipal servicing you commit to: roads, sewers, water, grading, landscaping - Accepted as an alternative to an irrevocable letter of credit by a growing list of Alberta municipalities - Generally unsecured and backed by indemnity, so it doesn't freeze your bank operating line - Can be reduced as work is completed and accepted - Often a lower fee than the equivalent letter of credit Q: What's the difference between a surety bond and insurance? A: Insurance is a two-party contract where the insurer absorbs the loss it covers. Surety is a three-party guarantee where the surety expects to recover from you anything it pays out. With insurance you transfer risk; with surety you keep it, and the bond simply guarantees your obligation to someone else. - Insurance protects you; a surety bond protects the obligee you owe - Surety is underwritten to a zero-loss expectation, like an extension of credit - Any claim the surety pays is recoverable from you under the indemnity agreement - The premium is a fee for the surety's backing, not a pooled risk premium - This is the most common and most costly misconception about bonds Q: Who needs a license or permit bond in Alberta? A: License and permit bonds are required by provincial and municipal regulators before certain businesses can operate. They guarantee you'll follow the rules of your license and protect the public against financial harm if you don't. Service Alberta and municipal bodies are the usual obligees. - Motor vehicle dealers licensed through AMVIC - Direct sellers and home inspectors - Employment agencies and travel businesses - Contractors and importers needing municipal permit or CBSA customs bonds --- ## Oil & Gas Insurance in Alberta | Oilfield & Energy Coverage URL: https://www.mybrokers.ca/oil-and-gas-insurance From the wellsite to the wind farm, coverage built for Alberta energy. Edmonton and Calgary based, placing oilfield and energy insurance across Western Canada. Oil and gas insurance protects the contractors and operators who work Alberta's energy patch: the liability, equipment, pollution, and well control exposures that standard commercial policies were never built for. We place coverage for everyone from a one-truck oilfield consultant to multi-rig service companies, and we speak the language your MSAs are written in. Who we cover: - Drilling contractors and directional drilling companies - Well servicing, workover, and completions contractors - Wireline, swabbing, and coiled tubing operators - Cementing, acidizing, perforating, and pressure services - Oilfield consultants, wellsite supervisors, and safety supervisors - Vacuum trucks, water hauling, and fluid haulers - Hot shot and oilfield trucking operations - Lease construction, earthworks, and reclamation contractors - Pipeline construction, integrity, and maintenance crews - Production operators, batteries, gas plants, and compression - Oilfield equipment rental and fabrication shops - Solar, wind, and renewable energy contractors What's typically included: - Commercial general liability (CGL) with oilfield extensions - Sudden and accidental pollution liability - Contractors pollution liability (CPL) for gradual and job-site exposures - Control of well coverage: blowout response, well capping, redrilling, and resulting cleanup - Rig physical damage for service rigs and drilling rigs - Contractor's equipment floaters, including downhole tools - Care, custody, and control coverage for customer property in your hands - Commercial auto and fleet, including dangerous goods hauling - Equipment in transit and non-owned equipment - Business interruption when an insured loss idles a rig or crew - Umbrella and excess liability to meet MSA limit requirements - Additional insured and waiver of subrogation endorsements for operators What moves the premium: - Operations class: consulting quotes differently than drilling or downhole services - Share of work performed on active well sites versus shop or office - Equipment and rig values, including leased and rented iron - Fleet size, radius, and dangerous goods exposure - Revenue, payroll, and subcontractor use - Liability limits your MSAs require, with 5 to 10 million common - Claims and incident history - Safety program strength: COR certification and ISNetworld, ComplyWorks, or Avetta standing Energy operations we insure: From upstream services to renewables, we place coverage across the operations that keep Alberta energy running. Some of what we cover: - Drilling Contractors - Well Servicing & Workover - Wireline & Swabbing - Coiled Tubing & Pressure Services - Cementing & Acidizing - Oilfield Consultants - Wellsite Supervision - Vacuum & Water Trucks - Hot Shot & Oilfield Hauling - Lease Construction & Reclamation - Pipeline Construction & Integrity - Facility Construction & Maintenance - Oilfield Equipment Rentals - Fabrication & Welding Shops - Production & Battery Operations - Gas Plants & Compression - Instrumentation & Electrical - Environmental Services - Solar & Wind Contractors - Geothermal & Emerging Energy Common questions: Q: What does oil and gas insurance cover? A: Oil and gas insurance is a program, not a single policy. Built properly, it stacks liability, pollution, well control, and equipment coverage so a wellsite incident does not land in an exclusion. Typical pieces include: - Commercial general liability with oilfield extensions - Sudden and accidental pollution, plus contractors pollution liability - Control of well coverage for blowouts, capping, and redrilling - Rig physical damage, contractor's equipment, and downhole tools - Commercial auto and fleet, including dangerous goods - Umbrella and excess limits to satisfy MSA requirements Q: How much does oilfield insurance cost? A: There is no flat rate: an oilfield consultant working from a truck and a laptop sits at the low end, while drilling and downhole service companies carry the heaviest premiums. Underwriters price your specific operation using: - Operations class and how much work happens on active well sites - Equipment values, fleet size, and hauling radius - Revenue, payroll, and the liability limits your contracts demand - Claims history and safety credentials such as COR certification Q: Who needs oil and gas insurance in Alberta? A: Practically anyone invoicing an operator or a prime contractor in the energy sector, because the Master Service Agreement makes coverage a condition of getting on site. That includes: - Service and supply contractors signing MSAs with operators - Oilfield consultants and wellsite supervisors working as independent contractors - Trucking and hauling operations entering lease roads and plant sites - Renewable energy contractors on solar and wind projects Q: Does a standard CGL policy cover pollution or well control? A: Almost never, and this is the most expensive assumption in the patch. Standard commercial general liability policies carry broad pollution exclusions and say nothing about controlling a well. Closing the gap takes dedicated coverage: - Sudden and accidental pollution endorsements for abrupt spill events - Contractors pollution liability for job-site and gradual exposures - Control of well coverage for blowout response, capping, redrilling, and resulting pollution cleanup - Review of your MSA wording so the coverage you buy matches the risk you signed for Q: What insurance do I need for an MSA or ISNetworld? A: Operators verify you through contractor management platforms before you ever hit the lease, and your certificate of insurance is graded against their requirements automatically. Getting flagged compliant usually takes: - CGL, auto, and pollution limits matching the MSA schedule, commonly 5 million or more - Additional insured status and waiver of subrogation in favour of the operator - A certificate of insurance formatted for ISNetworld, ComplyWorks, or Avetta parsing - A broker who keeps certificates current so your compliance grade never lapses mid-season --- ## Medical Malpractice Insurance Canada | Clinics & Health Professionals URL: https://www.mybrokers.ca/medical-malpractice-insurance Coverage for the clinics and health professionals Canadian healthcare actually runs on. Edmonton and Calgary based, placing healthcare coverage across Canada. Medical malpractice insurance protects health professionals and clinics against claims that care caused harm: the legal defence, the settlement, and the practice you built. We insure the growing side of Canadian healthcare that traditional physician protection was never designed for, from allied health professionals to multi-practitioner private clinics. Who we cover: - Private medical clinics, walk-in clinics, and specialist clinics - Nurse practitioner led clinics, nurses, and nursing agencies - Physiotherapists, chiropractors, and massage therapists - Psychologists, counsellors, and therapists - Medispas, cosmetic clinics, and aesthetic injectors - Dietitians, nutritionists, and naturopaths - Diagnostic, imaging, and laboratory facilities - Home care and community health agencies - Telehealth and virtual care providers - Optometrists and hearing clinics - Occupational health and wellness providers - Physicians needing coverage beyond their CMPA scope, including clinic ownership What's typically included: - Medical malpractice and professional liability, per claim and aggregate limits - Clinic entity coverage naming the corporation itself - Coverage for employed and contracted staff, including allied health - Commercial general liability for premises risks like slips and falls - Abuse and molestation coverage, increasingly required by colleges and landlords - Cyber and privacy breach response for patient health records - Regulatory and college complaint defence expense - Property, contents, and medical equipment coverage - Business interruption when an insured loss closes the clinic - Extended reporting (tail) options when a claims-made policy ends - Directors and officers liability for larger healthcare organizations - Certificates of insurance for hospital privileges, landlords, and contracts What moves the premium: - Profession and scope of practice, with invasive and aesthetic procedures at the top - Number of practitioners, employed staff, and contractors - Revenue and patient volume - Liability limits, including any college-mandated minimums - Claims-made structure: retroactive date and tail coverage needs - Volume of patient records held, which drives the cyber component - Claims history and any college complaint history - Risk management practices: consent documentation, charting, and protocols Healthcare practices we insure: From solo practitioners to multi-location clinic groups, we place malpractice and clinic coverage across the professions Canadians book appointments with every day. Some of what we cover: - Medical & Walk-In Clinics - Nurse Practitioner Clinics - Nursing & Home Care Agencies - Physiotherapy & Rehab - Chiropractic Clinics - Massage Therapy - Psychology & Counselling - Medispas & Cosmetic Clinics - Aesthetic Injectors - Dietitians & Nutritionists - Naturopathic Clinics - Diagnostic & Imaging - Optometry & Hearing Clinics - Telehealth & Virtual Care - Occupational Health - Midwives & Doulas - Dental & Denture Clinics - First Aid & Medical Training - Multi-Practitioner Clinic Groups Common questions: Q: What does medical malpractice insurance cover? A: Medical malpractice insurance responds when a patient alleges that professional care caused them harm. The policy funds the defence as well as any settlement or judgment, which matters because defence costs arrive even when the care was flawless. Typical coverage includes: - Legal defence costs, including lawyers and expert witnesses - Settlements and judgments up to the policy limits - Coverage for the clinic entity as well as individual practitioners - Regulatory and college complaint defence expense - Related exposures packaged alongside: premises liability, abuse coverage, and privacy breach response Q: Does the CMPA cover my clinic or my staff? A: Generally no, and this is the most common gap in Canadian healthcare coverage. The CMPA is a defence association for individual physicians, not an insurance company, and its protection does not extend to the business around the physician. Left uncovered are typically: - The clinic corporation itself, which gets named in lawsuits alongside the physician - Employed and contracted staff, including nurses and allied health professionals - Clinics with non-physician owners or investors - Many private-pay and aesthetic services that fall outside CMPA assistance Q: Who needs malpractice insurance in Canada? A: Most regulated health professionals are required by their college to carry professional liability coverage as a condition of registration, and clinic owners need entity coverage regardless of what their practitioners carry individually. In practice that means: - Regulated professionals meeting college minimum coverage requirements - Clinic owners, including physician-owned and investor-owned clinics - Practitioners whose association coverage excludes their private or aesthetic work - Anyone delivering care under contract to a facility that demands proof of coverage Q: How much does medical malpractice insurance cost? A: Premiums track the invasiveness of the care. Individual allied health practitioners often pay modest annual premiums, while clinics performing injections, procedures, or high patient volumes pay meaningfully more. The main levers underwriters price on: - Scope of practice, with aesthetic and invasive procedures at the high end - Number of practitioners and total patient volume - Limits required by your college, landlord, or facility contracts - Claims and complaint history, and the strength of your documentation practices Q: What is claims-made coverage, and do I need tail insurance? A: Most malpractice policies in Canada are written claims-made: the policy that responds is the one in force when the claim is made, not when the care happened. That structure has two consequences worth understanding: - Your retroactive date must reach back to when you started practising, or older work is uncovered - When a policy ends, extended reporting (tail) coverage keeps protection alive for claims that surface later - Patients can bring claims years after treatment, so continuity matters more than price when switching insurers - A broker can check both dates before you change policies, which is when most gaps are created --- ## Home Insurance in Canada URL: https://www.mybrokers.ca/home-insurance More than the building. Coverage for your stuff, your liability, and what it costs when you can't live there. Home insurance (or homeowners insurance) is one of those products everyone has and almost nobody understands. Mortgage lenders require it before closing, but most policies have the same skeleton: dwelling, contents, liability, additional living expenses. The differences are in the deductibles, the named perils, and the exclusions that hit when you actually file a claim. From our Edmonton head office we place home insurance for owners across Canada, and we walk you through what your policy actually covers, before something goes wrong. Who we cover: - Single-family homes - Detached, semi-detached, row houses - Bungalows, two-storey, split-level - Country and rural properties - Cottages and seasonal homes - Heritage homes and unique builds What's typically included: - Dwelling. The structure itself, at replacement cost - Contents, your belongings, with optional special-limit floaters - Personal liability ($1M / $2M) - Additional living expenses while displaced - Sewer backup (often optional, recommend always adding) - Overland water and surface water (Canadian winters) - Identity theft and personal cyber What moves the premium: - Replacement cost of the home - Location (postal code, fire hall, flood maps) - Roof age and material - Plumbing, wiring, and heating system - Claims history (yours and the property's) - Whether you have alarms, sprinklers, monitored security Who needs Home Insurance?: Home insurance protects you from the large costs of any loss or damage that could occur from a fire, theft, water damage, vandalism, and more. Whatever the type of home you have, you'll need to protect your home from injuries, potential lawsuits, and other liabilities that could arise as a homeowner. We've insured more than 1,000 homes across Canada — from downtown townhouses and heritage two-storeys to rural acreages and lakefront cottages. Some of the home types we insure: - Two Story Homes - Bungalows & 1 Story Homes - Duplexes - Condos - Detached Single-Family Homes - Semi-Detached Homes - Townhouses & Row Houses - Split-Level Homes - Side-Split & Back-Split Homes - Raised Bungalows - Heritage & Century Homes - Custom-Built Homes - Acreage & Rural Properties - Hobby Farms & Country Properties - Lakefront & Waterfront Homes - Cottages & Seasonal Homes - Cabins & Chalets - Log Homes - Mobile & Manufactured Homes - Vacant Homes - Homes Under Construction or Renovation - High-Value & Luxury Homes - Rental Properties (landlord) Common questions: Q: How much does Home Insurance Cost? A: Home insurance is calculated based on the building, the location, and the people in it. Most quotes come down to a handful of property facts: - Home Address - Type of Home (Bungalow, Two Story, Duplex, etc.) - Property Square Footage - Year The Home was Built Q: What does Home Insurance cover? A: Home Insurance protects your property and belongings against any expected losses and damages that could occur in the event of a fire, flood, theft, vandalism, and more. Typical coverage includes: - Personal Property Coverage - Dwellings & Structures around Property - Damage, Theft, Or Loss To Personal Belongings - Fire Protection Policy Q: What's the difference between Comprehensive, Broad, and Named-Peril coverage? A: Home policies in Canada are written on one of three bases. Comprehensive (or 'all-risk') covers your dwelling and contents for any loss unless it's specifically excluded — the broadest coverage. Broad covers the dwelling on an all-risk basis and the contents on a named-peril basis — a middle ground. Named-Peril (or 'Basic') only covers losses from the specific perils listed on the policy. Most Canadian homeowners are written on Comprehensive. - Comprehensive: dwelling + contents both covered for anything not specifically excluded - Broad: dwelling all-risk, contents named-peril - Named-Peril (Basic): both covered only for the perils specifically listed - Comprehensive is the default for newer, well-maintained homes - Older homes, vacant homes, or homes with claims history may only qualify for Broad or Named-Peril Q: What's the difference between Replacement Cost and Actual Cash Value coverage? A: Replacement Cost pays to repair or rebuild your home and replace your belongings at today's prices, with no depreciation taken off. Actual Cash Value pays the depreciated value at the time of loss. Most Canadian home policies are written with Replacement Cost on the dwelling, with the option to add it on contents as well. - Replacement Cost: pays today's price to rebuild or replace - Actual Cash Value: pays depreciated value at the time of loss - Dwelling coverage is almost always Replacement Cost - Contents can be Replacement Cost or Actual Cash Value depending on the policy - Some older homes only qualify for Actual Cash Value on the dwelling --- ## Car Insurance in Canada URL: https://www.mybrokers.ca/car-insurance Required by law, but the legal minimum rarely covers what actually happens. Every Canadian province requires a minimum level of auto insurance. The minimum keeps you on the road, but it doesn't usually cover what actually happens day-to-day: a hailstorm, a parking-lot ding, the rideshare side gig you started last fall, or the new driver in the household. We compare quotes from 120+ carriers to find the right coverage, not just the cheapest. Who we cover: - Standard drivers, clean abstracts, single vehicle - Multi-vehicle households - New drivers (G1/G2 in Ontario, equivalent in other provinces) - New Canadians without local driving history - Drivers with tickets, accidents, or lapses - Rideshare and delivery drivers - Electric Vehicle (EV) owners and hybrid drivers What's typically included: - Third-party liability ($1M / $2M most common) - Accident benefits (medical, rehab, lost income) - Direct Compensation - Property Damage (DCPD) - Collision coverage - Comprehensive (theft, hail, fire, vandalism) - Rental car reimbursement - Loss of use and roadside assistance What moves the premium: - Driving record (tickets, at-fault accidents, suspensions) - Vehicle: make, model, year, value - Postal code (urban rates higher than rural) - Annual kilometres driven - Number of years licensed - Use: commute, pleasure, business, rideshare How can I save money on Car Insurance?: Car Insurance covers you against any unexpected costs that arise when accidents occur. Car Insurance protects you from having to pay large amounts of money, time, and emotions in the events of any loss and damage that could occur from an accident, theft, and more. In spite of the type of vehicle that you have, you'll need to protect your vehicle and passengers from injuries, potential lawsuits, and other liabilities that could arise on the road. We've insured more than 10,000 vehicles across Canada. Here's some ways for you to save money on your Car Insurance: - Bundle Your Home + Car Insurance with us to get an extra discount on both policies or insure two or more vehicles to get our automatic 'multi vehicle discount' - Maintain a positive driving record by remaining conviction free with little to no claims - Increase your Deductible – The higher your deductible rate the lower your month to month payments on your insurance. If you can afford a $1,000 repair for your vehicle, you could instead request an increased deductible of $1,000 so that you have lower monthly payments on your insurance - Consider Driving a Low Risk Vehicle – In the insurance world, your insurance costs are calculated based on your vehicle's previous history, so the more likely your vehicle is in a condition to be damaged, stolen, or more likely be in an accident, your insurance premium will be higher - New Driver? Take a drivers training course Common questions: Q: How much does Car Insurance Cost? A: Car insurance is priced on a combination of who you are, what you drive, and where you live. Driving record carries the most weight, by far. The biggest factors: - Your Vehicle(s) Make, Model, and Year - Estimated Kilometers You Driver Every Year, including Business Use - The City & Area that you live in Q: What Vehicles Can be Insured? A: We've insured thousands of Canadian Vehicles. Whatever you drive, we can usually find a market. Vehicle types we insure include: - Cars & SUV's - Electric Vehicles - Trailers - Motorcycles - ATV's - Many More Q: What does Car Insurance cover? A: A standard auto policy in Canada includes a few required coverages plus optional add-ons tailored to your vehicle. Coverage typically includes: - Third-Party Liability - Accident Benefits - Direct Compensation - Property Damage (DCPD) - Collision Coverage - Comprehensive Coverage (theft, hail, fire, vandalism) - Loss of Use and Rental Reimbursement --- ## Motorcycle Insurance URL: https://www.mybrokers.ca/motorcycle-insurance Sportbike, cruiser, dual-sport, riders need policies built for the season and the bike. Motorcycle insurance is its own thing. Bike type matters more than for cars (a sportbike costs significantly more to insure than a cruiser of equal value). The riding season is short in most provinces, so seasonal lay-up coverage, full coverage in summer, fire-and-theft only in winter, is one of the easiest ways to save. Who we cover: - New riders (first season after licensing) - Experienced riders with clean records - Multi-bike garages - Sportbikes, cruisers, touring, dual-sport, ADV - Custom and modified bikes - Vintage and antique motorcycles What's typically included: - Third-party liability and accident benefits - Collision and comprehensive - Custom parts and equipment coverage - Riding gear (helmet, jacket, boots) coverage - Lay-up / seasonal coverage option - Roadside assistance for breakdowns - Spare key and replacement-key coverage What moves the premium: - Bike class: sportbike vs. cruiser vs. touring - Engine displacement (cc) - Rider age and years licensed (M / M1 / M2) - Riding record and previous claims - Annual kilometres ridden - Storage: garaged, carport, street What kind of Motorcycles Can be Insured?: We insure all the different kinds of motorcycles. Our insurance specialists are going to work with you to get a Motorcycle insurance policy that best protects you, your vehicle, passengers, and belongings from any expected accidents. We've insured Motorcycles including: - Sport Bikes - Cruisers - Touring Bikes - Dual Sport Bikes - Scooters - Standards - Mopeds - Off Road Bikes How can I save money on Motorcycle Insurance?: Motorcycle Insurance covers you against any unexpected costs that arise when accidents occur. Motorcycle Insurance protects you from having to pay large amounts of money, time, and injury in the events of any damage that could occur from an accident and more. We've insured more than hundreds of Bikers across Canada. Here's some ways for you to save money on your Motorcycle Insurance: - Bundle Your Home + Vehicle Insurance with us to get an extra discount on both insurance policies OR insure two or more Motorcycles/Vehicles to get our automatic 'multi vehicle discount' - Maintain a positive driving record by remaining conviction free with little to no claims - Increase your Deductible – The higher your deductible rate the lower your month to month payments on your insurance. If you can afford a $1,000 repair for your Motorcycle, you could instead request an increased deductible of $1,000 so that you have lower monthly payments on your insurance - New Driver? Take a drivers training course Common questions: Q: How much does Motorcycle Insurance Cost? A: Motorcycle insurance is priced on bike type, rider age, and years licensed. Insurers also look at how the bike is stored when you're not riding. The biggest cost factors: - Your Motorcycle Make, Model, and Year - Estimated Kilometers You Driver Every Year, including Business Use - The City & Area that you live in Q: What does Motorcycle Insurance cover? A: Motorcycle policies mirror auto, with bike-specific extensions for gear, custom parts, and seasonal storage. Coverage typically includes: - Third-Party Liability - Accident Benefits - Collision & Comprehensive Coverage - Custom Parts & Equipment Coverage - Riding Gear Coverage (helmet, jacket, boots) - Lay-Up / Seasonal Coverage --- ## Condo Insurance URL: https://www.mybrokers.ca/condo-insurance Your condo corporation insures the building. You insure everything inside your unit, and the gap is bigger than most owners think. Condo insurance, sometimes called unit-owner insurance, covers what your condo corporation's master policy doesn't. That includes upgrades to the unit, your belongings, your liability, the loss assessment when something goes wrong building-wide, and a deductible on the master policy that often runs into the thousands. Most condo owners are under-insured because they don't realize how much falls on them. Who we cover: - Condo apartments and lofts - Townhouse condos (POTL, Parcel of Tied Land) - Bare-land condos - Investment properties / rented-out units - Vacation and short-term rental units What's typically included: - Improvements and betterments to the unit - Contents and personal belongings - Personal liability - Loss assessment, your share of master-policy losses - Master-policy deductible coverage - Additional living expenses if displaced - Storage locker contents What moves the premium: - Master policy deductible (higher = more risk to you) - Building age and overall condition - Whether the unit is owner-occupied or rented - Coverage limit on improvements and contents - Past claims (yours and building-wide) - Location and postal code How can I save money on Condo Insurance?: Condo Insurance covers you against any unexpected costs that arise when accidents occur. Condo Insurance protects you from having to pay large amounts of money in the events of any damage that could occur from an accident and more. We've insured more than hundreds of Condo Owners across Canada. Here's some ways for you to save money on your Condo Insurance: - Bundle Your Condo + Vehicle Insurance with us to get an extra discount on your insurance policies - Maintain a positive financial credit score - Increase your Deductible – The higher your deductible rate the lower your month to month payments on your insurance. If you can afford a $1,000 repair for your Condo, you should consider requesting an increased deductible of $1,000 with us so that you have lower monthly payments on your insurance - Reduce Your Exposure to Theft, Damage, and Loss – install a security system, replace outdated plumbing and electrical, etc. - Speak with one of our insurance advisors for tips on how to save on your insurance costs Common questions: Q: Who needs Condo Insurance? A: Every condo unit owner, whether you live in the unit, rent it out, or use it as a vacation property, needs unit-owner insurance. The condo corporation's master policy covers the building, not what's inside your unit. Audiences we cover: - Condo Apartments and Lofts - Townhouse Condos (POTL, Parcel of Tied Land) - Bare-Land Condos - Investment Properties / Rented-Out Units - Vacation and Short-Term Rental Units Q: How much does Condo Insurance Cost? A: Condo Insurance is usually less expensive than home insurance because the corporation handles the structure. The biggest cost factors: - The square footage of your condo living space - The year your building was built - The area your condo building is located Q: What does Condo Insurance cover? A: Condo insurance protects you, your belongings, and any upgrades that aren't covered in your condo buildings master insurance policy. Coverage typically includes: - Damage, Theft, Or Loss To Personal Belongings - Damage or Loss to Condo Upgrades - Fire Protection --- ## Renters Insurance URL: https://www.mybrokers.ca/renters-insurance Your landlord's insurance covers their building, not your stuff. Renters insurance covers what's yours. Renters insurance is one of the cheapest forms of coverage you'll ever buy, usually $20–40/month, and one of the most overlooked. It covers your belongings, your personal liability, and your living expenses if your apartment becomes unlivable. Many landlords now require it before you sign the lease. Who we cover: - Apartment renters (purpose-built and condo rentals) - Basement and secondary-suite tenants - Roommates and shared accommodation - Students in residence or off-campus rentals - Furnished and short-term rentals - House renters What's typically included: - Personal property (your belongings) - Personal liability ($1M / $2M) - Additional living expenses if displaced - Tenant's legal liability, damage you cause to the rental - Identity theft assistance - Optional: scheduled items (jewelry, bikes, instruments) What moves the premium: - Replacement value of your belongings - Location (postal code, building type) - Liability limit ($1M vs $2M) - Deductible chosen ($500 vs $1,000) - Whether you have a roommate - Past claims Common questions: Q: Who needs Renters Insurance? A: Renters insurance, also called tenant insurance in many provinces, is increasingly required by landlords before you can sign a lease. You need a policy if: - You rent an Apartment, Condo, or House - You rent a Basement Suite or Secondary Suite - You share a rental with Roommates - You are a Student in Residence or Off-Campus - You rent a Furnished or Short-Term Rental Q: How much does Tenant Insurance Cost? A: Tenant insurance, sometimes called renters insurance, is one of the cheapest forms of coverage you'll ever buy, usually $20–40/month, with most policies starting under $25/month. Cost factors include: - The square footage of your living space - The year your building was built - The area your home or building is located Q: What does Tenant Insurance cover? A: Tenant insurance protects you and your belongings from accidents that aren't covered in your landlords insurance policy. Coverage typically includes: - Damage, Theft, Or Loss To Personal Belongings - Fire Protection - Storms - Flooding