Business Insurance in Canada at DVinfo.net

Andrew Jezierski · January 21st, 2010, 10:46 AM

I wanted to ask this question in a new thread since we have a bit different insurance situation in Canada than our neighbours down south. No access to group insurance through WEVA for example.

We can add a rider for equipment to home ins. but what about liability and specifically omissions, etc?

Can you write off 100% of extra premium cost for the equipment when added to home ins.?

Shawn Lam · January 25th, 2010, 02:57 PM

I'm not a tax professional so my standard disclaimer is to seek a professional opinion and my post is for discussion purposes only.

You can write off any additional costs on your home insurance that are business related. You might even be able to write off a portion of your home insurance but that will depend on your policy and I would ask your accountant.

I use a PPOC policy (Professional Photographers Association of Canada) from Cooks ISI, underwritten by Lombard. Cost is $1,025 per year w/ $35,000 of coverage, including rental, offsite, courier, business income, & General Liability. E&O is available only to PPOC members.

I think the agent is different in Ontario (mine is in SK) so visit the PPOC website for your province and start from there.

Andrew Jezierski · January 25th, 2010, 10:27 PM

Thanks, Shawn, for the info. I'll look them up.

Jason Bowers · January 26th, 2010, 02:57 PM

Hi Andrew,
We have a specific policy for videographers and pay about $700per year. We have coverage for almost everything which covers equipment in home and at the studio. Right now it is replacement cost up to $25,000. Give Jeff Jones an email at Jones & Associates Insurance and tell him I sent you and he can perhaps quote you or give you direction. Great coverage for the price.

JB

Denny Lajeunesse · January 28th, 2010, 02:55 PM

Anyone use any outfits out of Alberta? For some reason Alberta always seems to have the lowest insurance rates in the country.

I just don't know who offers what.

Andrew Jezierski · January 29th, 2010, 10:05 AM

Thanks, Jason for the lead. I'll check him out.

Calvin Bellows · February 2nd, 2010, 09:52 PM

Hey Denny. I live in Red Deer and I went to a broker. Ing and McKee insurance and they found someone to insure my stuff. For 25K of insurance it costs me about 2K a year. I think there is cheaper out there but I am having a hard time finding them.

Denny Lajeunesse · February 7th, 2010, 05:14 PM

Is that insurance or a mortgage. o.0

Michael Y Wong · February 24th, 2010, 12:10 AM

Jason!

Just when I was about to sign the dotted line for insurance, you saved my a$$.

Thank you, I will be giving your guy a call =)

Quote:

Originally Posted by Jason Bowers

Hi Andrew,
We have a specific policy for videographers and pay about $700per year. We have coverage for almost everything which covers equipment in home and at the studio. Right now it is replacement cost up to $25,000. Give Jeff Jones an email at Jones & Associates Insurance and tell him I sent you and he can perhaps quote you or give you direction. Great coverage for the price.

JB

Jason Bowers · February 24th, 2010, 10:20 AM

Mike,
Whatever I can do to help. One day I will come to you with a request, and you will do it and not ask any questions.
Jeff is on his honeymoom right now but definitely give him a call. The company is great and the coverage is awesome. Just add sewer backup, it is only $16yr but well worth it in case anything stupid happens.

JB

Peter Manojlovic · February 24th, 2010, 11:35 AM

If you're working from home, could you just not add a rider to your existing policy??

The way insurance companies are run in Canada, unless you're ready to claim total loss and kidney failure, their deductables and later premiums aren't worth the claim....

Jason Bowers · February 24th, 2010, 11:49 AM

Hey Peter,
The deductible is only $500 and it covers so much more than contents. It covers location, equipment, damage, liability, theft, etc... Without business insurance you are really taking a risk.

January 21st, 2010, 10:46 AM	#1
Andrew Jezierski Regular Crew Join Date: Oct 2006 Location: Windsor, Ontario Posts: 35	Business Insurance in Canada I wanted to ask this question in a new thread since we have a bit different insurance situation in Canada than our neighbours down south. No access to group insurance through WEVA for example. We can add a rider for equipment to home ins. but what about liability and specifically omissions, etc? Can you write off 100% of extra premium cost for the equipment when added to home ins.?

February 2nd, 2010, 09:52 PM	#7
Calvin Bellows Major Player Join Date: Feb 2009 Location: Red Deer, Alberta Posts: 215	Hey Denny. I live in Red Deer and I went to a broker. Ing and McKee insurance and they found someone to insure my stuff. For 25K of insurance it costs me about 2K a year. I think there is cheaper out there but I am having a hard time finding them. __________________ Calvin Bellows www.exposureproductions.ca

January 25th, 2010, 02:57 PM	#2
Shawn Lam Regular Crew Join Date: Sep 2008 Location: Port Coquitlam, BC Posts: 28	I'm not a tax professional so my standard disclaimer is to seek a professional opinion and my post is for discussion purposes only. You can write off any additional costs on your home insurance that are business related. You might even be able to write off a portion of your home insurance but that will depend on your policy and I would ask your accountant. I use a PPOC policy (Professional Photographers Association of Canada) from Cooks ISI, underwritten by Lombard. Cost is $1,025 per year w/ $35,000 of coverage, including rental, offsite, courier, business income, & General Liability. E&O is available only to PPOC members. I think the agent is different in Ontario (mine is in SK) so visit the PPOC website for your province and start from there.

January 25th, 2010, 10:27 PM	#3
Andrew Jezierski Regular Crew Join Date: Oct 2006 Location: Windsor, Ontario Posts: 35	Thanks, Shawn, for the info. I'll look them up.

January 26th, 2010, 02:57 PM	#4
Jason Bowers Major Player Join Date: Feb 2005 Location: Thunder Bay, ON. Canada Posts: 374	Hi Andrew, We have a specific policy for videographers and pay about $700per year. We have coverage for almost everything which covers equipment in home and at the studio. Right now it is replacement cost up to $25,000. Give Jeff Jones an email at Jones & Associates Insurance and tell him I sent you and he can perhaps quote you or give you direction. Great coverage for the price. JB

January 28th, 2010, 02:55 PM	#5
Denny Lajeunesse Major Player Join Date: Jan 2004 Location: Kelowna, BC [Canada, Eh!] Posts: 257	Anyone use any outfits out of Alberta? For some reason Alberta always seems to have the lowest insurance rates in the country. I just don't know who offers what.

January 29th, 2010, 10:05 AM	#6
Andrew Jezierski Regular Crew Join Date: Oct 2006 Location: Windsor, Ontario Posts: 35	Thanks, Jason for the lead. I'll check him out.

February 7th, 2010, 05:14 PM	#8
Denny Lajeunesse Major Player Join Date: Jan 2004 Location: Kelowna, BC [Canada, Eh!] Posts: 257	Is that insurance or a mortgage. o.0

February 24th, 2010, 10:20 AM	#10
Jason Bowers Major Player Join Date: Feb 2005 Location: Thunder Bay, ON. Canada Posts: 374	Mike, Whatever I can do to help. One day I will come to you with a request, and you will do it and not ask any questions. Jeff is on his honeymoom right now but definitely give him a call. The company is great and the coverage is awesome. Just add sewer backup, it is only $16yr but well worth it in case anything stupid happens. JB

February 24th, 2010, 11:35 AM	#11
Peter Manojlovic Major Player Join Date: Jun 2007 Location: Hamilton Ontario Posts: 769	If you're working from home, could you just not add a rider to your existing policy?? The way insurance companies are run in Canada, unless you're ready to claim total loss and kidney failure, their deductables and later premiums aren't worth the claim....

February 24th, 2010, 11:49 AM	#12
Jason Bowers Major Player Join Date: Feb 2005 Location: Thunder Bay, ON. Canada Posts: 374	Hey Peter, The deductible is only $500 and it covers so much more than contents. It covers location, equipment, damage, liability, theft, etc... Without business insurance you are really taking a risk.