While we all want to be the ones responsible for a project's success, no one wants to be responsible for something that causes damage, especially if it impacts another person. With the right liability insurance coverage, you can be protected in the event of an unforeseen incident or accident that causes injury or property damage to a third party. When you need third-party liability insurance, Ontario brokers at Morison Insurance have got your back.
No matter your personal or commercial insurance needs, having third-party liability protection in your policy will ensure that should you be at fault for an accident, you have the financial protection needed to remedy the damage to the other person(s) involved. With Morison Insurance by your side, you can rest assured you’ll have the proper coverage for third-party liability insurance in Ontario, no matter the policy it’s included in.
Third-party insurance in Ontario provides financial protection if you are held liable for damages or injury to another person or their property. This type of third-party liability insurance is available for car insurance, home insurance, and business insurance. Ontario business insurance policies can also include different types of third-party liability insurance. Ontario insurance brokers at Morison Insurance will be more than happy to discuss how this liability coverage will help protect you and your home.
Typically, third-party liability insurance in Ontario will cover you for the cost of:
In the case of auto liability insurance coverage, suppose you accidentally rear-ended another car. With third-party liability insurance, your Ontario auto policy covers the costs of repairing the other vehicle, along with the medical expenses of any injuries to the other party. Keep in mind that despite having no-fault insurance laws, you aren't protected against injury lawsuits if you seriously injure third parties in a collision, so it's a good idea to have more than the minimum amount of third-party liability car insurance coverage as required by the Services Regulatory Authority of Ontario.
In the case of home insurance, suppose a fire breaks out on your property that spreads to your neighbour’s home. With third-party liability insurance in Ontario home insurance policies, you don't have to pay out of pocket for the costs of repairing your neighbour's home and any of their medical expenses as a result of the fire.
No, having coverage for third-party liability insurance in Ontario will not cover damage to your vehicle, home, or property. With third-party liability insurance, Ontario policyholders are financially protected against the cost of damage they caused to a third party. Ontario brokers at Morison Insurance will ensure your policy has the proper protection you need when you choose us for your insurance needs.
Third-party liability insurance is a mandatory coverage on an Ontario car insurance policy. It is, however, not a mandatory coverage for home insurance and business insurance in Ontario.
That said, accidents happen, so it is a good idea that your policy includes third-party liability insurance coverage so you are protected if someone gets injured on your property or as a result of an unforeseen incident that occurs on your property. To learn more about the benefits of third-party liability insurance, speak to a Morison Insurance broker.
As explained above, having third-party liability insurance is mandatory in Ontario—and in other parts of Canada for that matter—auto insurance policies. This is to ensure that any other parties are covered should you be held liable for an incident that caused damage to their vehicle, property, or persons.
However, other types of insurance policies can really benefit from having the inclusion of third-party insurance. Ontario homeowners and business owners alike can have third-party coverage in their home or business insurance. In fact, there are multiple types of third-party liability insurance Ontario business owners can get. However, the amount of third-party liability insurance coverage you need will depend on your unique needs and insurance requirements.
Confused about whether you can benefit from having third-party liability insurance? Ontario’s best insurance brokers can help you make an informed decision about it when you reach out to Morison Insurance.
There is a wide variety of different types of third-party liability insurance Ontario business owners can get in their commercial policy. These include:
While these protect the injured part and the business itself, the main difference with the different types of third-party liability insurance Ontario businesses can get is their scope. So, while there is a range of coverage options available for third-party liability insurance, Ontario business owners can’t just pick one and be done with it, as these different options don’t provide comprehensive coverage.
To ensure your business is properly protected with third-party liability insurance in Ontario, speak to one of our commercial insurance brokers about how you can properly protect your business with third-party insurance coverage.
Because third-party liability coverage can be included in multiple types of insurance policies, it's hard to give you an accurate cost for your insurance premium until we learn more about your insurance needs and the policy with your desired third-party liability insurance. Ontario brokers also need to calculate a wide range of factors to determine your insurance rates, including:
Remember, insurance is not a one-size-fits-all solution, and your insurance needs—and rates—can differ even compared to others in similar circumstances. So when contacting us about getting coverage for third-party liability insurance, Ontario brokers will need to discuss your specific circumstances with you. You can rest assured though that we will do our best to find you an affordable rate with the coverage you need.
When you need insurance, you can go about it one of two ways. The first way is to get it yourself, do all the hard insurance work, research, and speak to multiple insurer representatives as you try to find the best policy for you. Or, you can give the team at Morison Insurance a call and get the coverage you need for third-party liability insurance in Ontario home, auto, or business insurance policies.
You'll find that third-party liability is an essential part of any insurance policy. Call us today at 1-800-463-8074 to get the third-party insurance coverage you need, or fill out our online form for a quote!
This content is written by our Morison Insurance team. All
information posted is merely for educational and informational purposes. It is
not intended as a substitute for professional advice. Should you decide to act
upon any information in this article, you do so at your own risk. While the
information on this website has been verified to the best of our abilities, we
cannot guarantee that there are no mistakes or errors.
