Some people may not know the differences between contractors insurance and the average Toronto home insurance policies. We generally do not know a lot about the Toronto home insurance unless we live there, and we do not know about the contractors insurance unless we do this type of work and have to buy this kind of policy.


Toronto home insurance is purchased by people who own residential properties in Toronto. Commercial properties have to have different types of insurance coverage than residential properties need. If you do not own a property, but wish to insure your belongings that are inside the rental property where you live you will also need a different policy that the Toronto home insurance versions.


Contractors insurance has nothing to do with the property you own in Toronto, or any other location. This type of insurance covers the business owner, and the workers of a business, as well as the customers of the business. Property that belongs to the business, but is not on the premises because a sales person has it off of the premises will be covered by this type policy.


Contractors insurance covers all of the concerns a business owner has for their equipment, their store locations, and their property. Depending on the features that you choose this type of coverage can take care of the cost of repairing equipment that breaks down.


This coverage protects a business from the loss of income they can suffer after an event like a fire, or flood. It can even cover the company in the case of illness, or the fact that they could not do business because the equipment was broken. All of these4 things can be detrimental to a small company and having protection against their occurrence is priceless.


In the case of businesses that sell items and the customers pay on a monthly basis there is coverage in case the customers do not pay their accounts. There is coverage against the destruction of valuable papers that the business keeps or records they may lose during a fire, flood, or act of vandalism.


You can choose contractors insurance features that provide coverage for professional fees you might incur during the normal course of business operations. You can get coverage on the personal effects of employees that may be on the commercial premises during a disaster or an act of vandalism.


You can get features that include the removal of property to prevent a loss, and contractors equipment floater, and a tool floater, and the clean up expenses for land and water pollution, and growing plants and trees on the property, and the recharging of the automatic fire suppression system. You can also get general commercial coverage, and exhibit extensions, and master key coverage, as well as the coverage of fire fighting expenses.


The exterior building glass can be covered against damages caused by storms or thieves and vandals. The contents of a newly acquired business can be covered, as well and the buildings that house those newly acquired businesses. You can find almost any type of coverage feature you want in these policies.


In order to see what one of these policies can really do for your business you have to call and speak with a professional about all of the features available and what you have to do to qualify to have those features on your account.



Toronto home insurance http://www.humberviewinsurance.ca/home-insurance/toronto-home-insurance policies cover residential properties owned by individual families. Contractors insurance http://www.humberviewinsurance.ca/business-insurance/contractors-insurance policies covers the buildings, property, equipment, and liabilities of business owners.