Find an Insurance Broker in Mississauga
While price is important, there are other things to consider when shopping for insurance. Many consumers overlook important aspects of an insurance purchase, including the selection of companies they can choose from, the type of coverage that’s available, and the level of service they receive during the purchase process.
Inputting your data into one of the big carriers’ websites and receiving an instant quote may seem convenient, but it' not always the best way to go if you're really looking for the best deal. In fact, most people benefit more from the personalized service and access to a variety of insurance options that a local Mississauga insurance broker can provide.
The term "insurance broker" and "insurance agent" are often used interchangeably, but there are some key differences. Agents typically work with a single insurance carrier, meaning they can only offer a narrow selection of products and services.
Insurance brokers, on the other hand, have relationships with a large pool of insurers, allowing them to offer a more comprehensive range of policies and coverages. In Mississauga, the best brokers not only understand the specifics of Ontario residents’ insurance needs, but also possess a broad range of experience in both personal and business policies.
Ontario auto regulations require drivers to maintain at least $200,000 in third party liability coverage. However, this minimum doesn’t include coverage for your injuries, the cost of damage to your vehicle, or a rental car while yours is being repaired. Also, it's not sufficient in cases of serious accidents where costs can easily reach $500,000 or more. Your Mississauga car insurance broker can help you understand the best level of auto insurance protection and provide you with options that fit your needs and budget.
Your home is likely to be the biggest purchase you ever make. Securing this value should be a priority, but there’s more to home insurance than protection from fire, inclement weather, and theft.
Policies need to be tailored to fit individual homeowners’ needs, including comprehensive coverage for the replacement value of furnishings and other personal belongings, living expenses during extensive home repairs, and the costs of injury for residents and guests while on the property.
A local insurance broker knows the nuances of owning a home in Mississauga, and can walk you through various scenarios to help identify your optimal level and scope of home insurance coverage.
While home insurance protects the property a landlord rents out, this coverage doesn’t extend to the tenant or their possessions.
As the renter of either a residential or commercial property, the responsibility of the security of your possessions falls solely on your shoulders. This means protection from fire, flood, weather and theft, as well as liability for injuries incurred within your rental unit.
As with homeowners coverage, tenant’s insurance requires specific protection for Mississauga residents, so speaking with a local broker is key.
Business owners understand the importance of basic coverage such as general liability, but that may not be enough for many companies. The right small business insurance coverage can vary significantly depending on the industry, size, age, and business activities of the company.
A business that processes or stores their customer’s personal and financial information, for example, should have coverage for losses incurred from a data breach. Similarly, it would be prudent for a consulting firm to carry professional liability insurance that protects them from liability due to mistakenly providing inaccurate information or bad advice.
A local Mississauga insurance broker has the specialized knowledge and experience to help small businesses find a policy that provides full protection without hurting the bottom line.
In the same vein, commercial auto insurance is a necessity for companies big and small that utilize vehicles to conduct business. Even if a vehicle is only used to travel across town to a client or shuttle tools between job sites, cars, vans and trucks all require insurance that protects the value of the vehicle from theft, vandalism, accidents, and weather damage.
These policies also need to cover liabilities stemming from accidents, both for employees and outside parties.
Contractors have special needs when it comes to insurance. The fact that these companies work exclusively on other people's properties means they not only have to protect their own business, but the well-being of the clients they serve as well. HVAC companies, roofers, carpenters, painters, electricians, general handymen, and even subcontractors need comprehensive coverage for the myriad of scenarios that can pop up when conducting contractor work.
Property damage, vandalism, fire, weather damage, unfinished projects, and subpar workmanship are just a few of the pitfalls contractors face, so having a contractors insurance policy that covers all of these bases is imperative.
In most cases, this means having general liability insurance to cover employee and customer injuries and property damage, as well as commercial property insurance for your tools and equipment. Contractors may also want to consider a contractor’s pollution policy that provides protection from liability due to projects that inadvertently pollute or otherwise harm the surrounding environment.
A Mississauga insurance broker can help you find the best coverage for your local contracting business to ensure that you and your customers are protected at all times.
BST Insurance understands the unique needs of Mississauga residents and business owners. We provide honest advice, numerous insurance options, and affordable coverage that protects your assets and provides peace of mind.
Call us at 1 (844) 832-7677 or visit this page to request a quote that’s tailored to your risks, needs and future plans.
Does it cost more to use an insurance broker?
No, it doesn't cost you more to use an insurance broker. An insurance broker saves you time, money and doubts. Just like a lawyer or accountant that provides you with professional advice based on your years of experience and training. A qualified broker can do the same with the insurance you chose. Using a broker doesn't necessarily cost more, but oftentimes, it costs less because brokers have knowledge of the insurance market more than you do. They can also negotiate better than you can do.
Is car insurance more expensive in Mississauga than other cities?
Mississauga is ranked third on the list of most expensive cities when it comes to car insurance in Ontario. However, there are some areas of the city that it is considerably cheaper. The Mississauga drivers pay the third highest car insurance car insurance premiums in the region, which is around 34 percent higher than the average rate. The cities above Mississauga are Brampton and Keelung, which have a whopping 70 percent higher than the provincial average.
What kind of small business insurance do I need?
As a small business owner, you need the following types of insurance. The General Liability Insurance: This insurance provides both defense and damages if you, your employees or products cause body injury or property damage. Property insurance: If you own a business or property including office equipment, inventories or tools, you should have a policy that will protect you in case of vandalism, fire, theft, smoke damages among others.
Is it better to get car insurance online or through an agent?
It is better to get car insurance online. It can be cheaper to buy car insurance online than through an agent if you are willing to do the work of understanding and comparing policies.
How do I choose an insurance broker?
You can choose an insurance broker by asking for referrals and checking references, determining the coverage you need, learning more about their specialized experience, and asking for personalized advice, among others.
What should my insurance agent do for me?
Your insurance agent should take your information and run it through the agent's appointed insurance carriers. Agents should guide you through the insurance process explaining coverage and giving advice.