Insurance Solutions in Scarborough
Protect your family, your assets, and your business with the right insurance coverage — tailored to your life stage and financial goals.
Comprehensive Coverage Guidance
Insurance is a critical component of any sound financial plan. It protects everything you have worked for — your income, your home, your family's wellbeing, and your business operations. Yet many people are underinsured or carry the wrong types of coverage because they have never had an objective review of their situation.
At CanMore Accounting, we provide unbiased insurance guidance as part of our holistic approach to financial services. We are not tied to a single insurance provider, which means our recommendations are based entirely on what is right for you — not on commissions or quotas. Serving families and businesses throughout Scarborough, Markham, Pickering, and the wider GTA, we help you understand your risks and choose coverage that addresses them appropriately.
- Life Insurance
- Critical Illness Coverage
- Disability Insurance
- Group Health & Dental Benefits
- Business & Liability Insurance
- Mortgage Insurance
Types of Insurance We Help You Navigate
The Canadian insurance landscape includes dozens of product types, riders, and options. Our job is to cut through the complexity and match you with the coverage that fits your circumstances. Here are the main categories we work with:
Life Insurance
Life insurance provides a tax-free death benefit to your beneficiaries, ensuring your family can maintain their standard of living if something happens to you. We help you evaluate term versus permanent policies, determine the right coverage amount, and compare options from multiple providers. For business owners, we also advise on key-person insurance and buy-sell agreement funding.
Critical Illness Insurance
A serious diagnosis changes everything. Critical illness insurance pays a lump sum when you are diagnosed with a covered condition — cancer, heart attack, stroke, and others. This money can cover mortgage payments, childcare, rehabilitation costs, or experimental treatments not covered by OHIP. We review the covered conditions list, waiting periods, and return-of-premium options to find the right policy for your needs.
Disability Insurance
Your ability to earn income is your most valuable financial asset. Disability insurance replaces a portion of your income if illness or injury prevents you from working. We help you understand the difference between short-term and long-term disability, own-occupation versus any-occupation definitions, and how employer group coverage may leave gaps that individual policies can fill.
Group Health and Dental Benefits
For employers, offering group benefits is one of the most effective ways to attract and retain good employees. We help Scarborough and GTA businesses set up group plans that include extended health care, dental, vision, paramedical services, and employee assistance programs. We negotiate with providers, design plan options that fit your budget, and manage renewals annually.
Business and Liability Insurance
Running a business comes with risk. Commercial general liability insurance, professional errors and omissions coverage, property insurance, and business interruption insurance protect your company from events that could otherwise be financially devastating. We review your operations, identify exposure areas, and recommend coverage that matches your risk profile.
Who Should Review Their Insurance Coverage?
Insurance needs change as your life changes. We recommend a comprehensive review in the following situations:
- You have recently gotten married, had a child, or taken on a mortgage
- You are a business owner without key-person or liability coverage
- You have employees and want to offer or improve group benefits
- You have not reviewed your existing policies in more than three years
- You are approaching retirement and need to reassess your coverage
- You are self-employed and have no employer-sponsored disability or health coverage
Insurance works best as part of a broader financial strategy. When combined with our financial planning and tax preparation services, your insurance coverage integrates seamlessly with your retirement, investment, and estate plans.
Our Insurance Advisory Process
Needs Assessment
We start by understanding your financial situation, family structure, existing coverage, and concerns. This conversation helps us identify gaps and priorities.
Coverage Analysis
We review your current policies, evaluate whether they still match your needs, and identify any overlaps or gaps. If you have no existing coverage, we build a recommendation from the ground up.
Product Comparison
We compare products from multiple insurance providers, presenting you with clear options that include coverage details, costs, exclusions, and our recommendation. No jargon, no pressure.
Implementation and Ongoing Review
Once you select your coverage, we assist with the application process and ensure the policy is set up correctly. We then review your coverage annually or whenever a major life event occurs.
Frequently Asked Questions
How much life insurance do I need?
The amount of life insurance you need depends on your income, debts, number of dependents, and long-term financial obligations such as a mortgage or children's education. A common guideline is 10 to 15 times your annual income, but the right number varies by situation. During our consultation, we conduct a detailed needs analysis that accounts for your specific circumstances and existing coverage to recommend an appropriate amount.
What is the difference between term and permanent life insurance?
Term life insurance provides coverage for a fixed period — typically 10, 20, or 30 years — and pays a death benefit only if you pass away during that term. It is generally the most affordable option and is well-suited for covering specific obligations like a mortgage or raising children. Permanent life insurance (whole life or universal life) covers you for your entire lifetime and includes a cash value component that grows over time. It costs more but serves estate planning and wealth transfer purposes.
Do I need critical illness insurance if I already have health benefits?
Provincial health coverage and employer benefits cover medical treatment costs, but they do not replace your income. Critical illness insurance pays a lump-sum benefit if you are diagnosed with a covered condition such as cancer, heart attack, or stroke. That tax-free payment can be used for anything — mortgage payments, childcare, home modifications, or treatments not covered by OHIP. It bridges the financial gap during recovery.
Can you set up group benefits for my small business?
Yes. We help small businesses in Scarborough and across the GTA establish group health and dental benefit plans for their employees. Group plans can include extended health care, dental coverage, vision care, paramedical services, life insurance, and disability coverage. Offering benefits helps you attract and retain talent, and premiums are typically tax-deductible as a business expense.
How does business insurance differ from personal insurance?
Business insurance protects your company's assets, operations, and liabilities — things like commercial general liability, professional errors and omissions, property damage, and business interruption. Personal insurance protects you and your family — covering life, health, disability, and critical illness. Many business owners need both types of coverage, and we help you understand where gaps exist and how to address them.
Explore Our Other Services
Protect What Matters Most
Do not leave your future to chance. Let us help you find the right insurance coverage for your peace of mind.
Get Protected Now- Family Protection
- Asset Security
- Business Safeguards
- Future Proofing