For over 100 years, Federated Insurance has specialized in providing business coverage, typically to mid-sized and large companies and organizations.
As part of the Northbridge Financial Corporation, Federated Insurance, along with TruShield and Northbridge Insurance, offers business insurance to customers in Ontario and across Canada.
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Federated Insurance Company of Canada
| Founded | 1920 |
|---|---|
| Headquarters | Mississauga, Ontario |
| Employees | 201-500 |
| Insurance Products* | Business Insurance |
| Provinces Licensed | AB, BC, MB, NB, NL, NWT, NS, NU, ON, PEI, QC, SK, YT |
Need Commercial Insurance?
Get a Quote nowFor a quote on business insurance in Ontario, give our brokers a call at Mitch: Speak with a broker today: 1(403)8000267
Company Overview
The Federated Mutual Insurance Company was established in in Minnesota in the 1890s, when a group of farming equipment dealers formed a group to help minimize their risk. In 1920, the company formed a Canadian division that is now wholly Canadian-owned, and headquartered in Winnipeg.
Customers rely on Federated Insurance for:
- Industry insights and guidance that make the company trusted and recommended by over 60 trade associations and buying groups in various industries
- Business insurance coverage with the needs of specific industries in mind
- A wide variety insurance products as well as customized packages
Although Federated Insurance boasts a team comprised of claims specialists, a loss prevention team, and field risk analysts, the company relies on brokers like us to connect customers with their products and solutions.
Advantages of Federated Insurance
Federated Insurance is best suited to medium to large-sized companies. Small business owners would be better off with a company more focused on their unique needs. Federated demonstrates an understanding of a wide variety of different industries, and can provide insights and tips to business owners in addition to coverage. This positions Federated as an authority and a partner, rather than just an insurance company.
The main advantages of Federated Insurance:
- Backed by industry leaders: Federated has the backing of over 60 trade association and buying groups in various industries.
- A wide selection of coverages for different industries: Federated Insurance categorizes its coverage according to different industries, so even new customers will have additional insights risks they should prepare for.
- The ability to mix and match different coverages for different budgets: business owners that don’t feel that they need (or can’t afford) certain parts of an industry’s recommended set of protections can opt out, giving them an added level of control over what their final policy looks like.
Federated Insurance Products
Federated Insurance offers a wide selection of commercial coverage. Federated’s products are packaged for the following industries, but any business owner in any sector can purchase insurance from the company.
- Automotive Dealers
- Auto Repair
- Commercial Property
- Contractors
- Equipment Dealers
- Fuel Dealers
- Grocery Stores
- Manufacturers
- Professional and Health Services
- Restaurants
- Wholesalers and Retailers
Common Policy Features
Some common coverage options that Federated Insurance offers to business owners:
- Business Interruption
- Crime Protection
- Commercial Vehicle
- Commercial Property
- Cyber Protection
- General Liability
Industry-Specific Features of Federated Business Coverage
The company also offers some industry-specific options to protect businesses from their specific risks:
- Auto dealers and repair shops: Compensation for repairs and improvements to inventory, as well as loss of inventory due to false pretense.
- Commercial property owners and landlords: Commercial property and liability insurance coverage is increased.
- Contractors Financial protection for new jobs, and for tools and equipment.
- Manufacturers Large equipment and property are of special interest to protect from loss or damage.
Personal Insurance for Business Owners
One way the company puts themselves ahead of most competitors in the market for commercial insurance is by offering personal insurance coverage to business owners who purchase commercial coverage. This allows policyholders to protect themselves and their families with a policy from the same company that protects their business.
Customers are able to mix & match these coverage options to meet the unique needs of their business.
Need Commercial Insurance?
Get a Quote nowFor a quote on business insurance in Ontario, give our brokers a call at Mitch: Speak with a broker today: 1(403)8000267
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