Is Your Business Over or Under Insured?

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As an entrepreneur/small business owner, protecting your investment from potential risks is a top priority. However, when it comes to properly insuring your business, there may have been instances where you were unsure how much coverage you needed and how much premium you should be paying. You’re not alone. Many individuals have been, and continue to be, in your position, which ultimately results in many small businesses being either over or under insured.

What does it mean to be over-insured?

Over-insuring your business means that you have purchased too much coverage and exceeded your actual loss exposure, or what the insurance company would actually pay in the event of a loss. If you’re over-insured, it’s likely that you’re paying more than necessary in insurance premiums.

What does it mean to be under-insured?

Under-insuring your business means that you haven’t purchased enough coverage, either for the value of your physical property or your liability exposure, or a combination of both. In the unfortunate event of a claim, only part of the of the claim will be paid and the full amount of the loss or damage will not be covered.

To help prevent over-insuring or under-insuring your business, you should review your assets and liabilities on an annual basis to ensure that your policy reflects changes that have been made over the year. Also, don’t over-insure your business out of fear of not being fully insured. By doing so, you are wasting funds that could be invested into your business in other areas. More importantly, don’t under-insure your business due to cost. In the event of a claim, being under-insured could turn out to be financially devastating.

How Bullfrog ensures that your business is neither over-insured or under-insured:

Bullfrog Insurance helps small businesses like yours ensure that you are properly insured based on your industry, your businesses unique risks, and other relative factors. We also provide you with quotes from multiple companies based on the same coverage, so that you can be sure you’re getting the best price for the proper coverage. Why waste money or not be covered fully should a claim occur? It’s ridiculous to us too.

Importance of Insuring Your Business

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Your small business is more than just a ‘job’. More than likely it’s your livelihood and therefore it’s important that you protect your assets and liabilities accordingly.

No business is free from potential risks, no matter what industry or segment it operates in. As a result, business insurance should be an imperative aspect of your risk management plan so that you don’t find yourself financially crippled in the event of a lawsuit or a loss to business property. There is also no standard cookie cutter policy for all small businesses, instead your policy should be catered to your specific business, your specific industry, and the risks that you’re exposed to on a daily basis.

Bullfrog Insurance understands the risks affecting various industries and, with our strong Insurance partners, have developed coverage options to help ensure your business is adequately protected. Here are some small business industries we cater to, keeping in mind we can always modify to suit your businesses specific needs:



  • Electricians
  • Carpenters
  • Plumbers
  • HVAC


  • Clothing
  • Shoes
  • Hardware
  • Health & Beauty

Office Professionals

  • Financial Services
  • Consultants
  • Legal Offices
  • Other Professionals (Architects, Software, etc)

Health Services

  • Physiotherapists
  • Chiropractors
  • Dentists
  • Physicians

Protect the financial security of your business, your family and your employees by getting the proper business insurance coverage your company needs.

We Are Bullfrog Insurance

Welcome to Bullfrog Insurance, the fast, simple and uncomplicated way to shop for small business insurance coverage online. Bullfrog Insurance is a licensed Canadian insurance brokerage dedicated to offering commercial insurance online in order to help small businesses, like yours, save time and take care of what really matters; your business.

How does Bullfrog Insurance work? It’s simple. Fill out our short online questionnaire and we instantly provide you with the best quotes  based on your businesses’ needs. From there you simply pick the quote you want and purchase your policy online. The process only takes a few minutes and your policy is emailed to you after the purchase is completed. It’s that quick!

Our Partners Make a Difference

You have invested time, energy and money into your business so it’s important to place the coverage of that business with reputable, established companies you can trust. That’s why Bullfrog Insurance works with many of Canada’s best insurance companies to ensure you get the coverage you need. Our insurance partners include Aviva Insurance Company of Canada, The Guarantee Company of North America (GCNA), Northbridge Insurance and South Western Group. We are committed to continuing to work with the most advanced insurance companies to ensure you get the coverage you need in a quick, convenient and simple way. That’s our promise.


Insurance Without the Bull.


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