Small Business Insurance
Protect the business you have worked hard to build. Safex helps Canadian entrepreneurs understand their risks, compare suitable insurance options and create coverage that can grow with the business.
Tell us what you do, where you operate and what matters most. We will help you structure the conversation.
What is small business insurance?
Small business insurance is not usually one single coverage. It is a package of protection selected around your operations, property, people, contracts and liability exposures.
Whether you run a shop, professional practice, contracting business, studio, home-based company or growing online brand, the goal is the same: identify the losses that could seriously disrupt the business and insure the risks that make sense to transfer.
Build protection around the risks your business faces.
A broker can help determine which coverages are relevant, what limits may be appropriate and how insurer conditions apply to your operation.
Commercial General Liability
Protection for certain third-party bodily injury, property damage and related liability claims arising from your business operations.
Foundational coverageCommercial Property
Coverage for eligible business contents, equipment, inventory, improvements and other insured property against covered causes of loss.
Physical assetsBusiness Interruption
May help with insured income loss and certain continuing expenses when a covered property loss disrupts normal operations.
Continuity planningProfessional Liability
For businesses providing advice or professional services, this can respond to certain allegations of errors, omissions or negligence.
E&O exposureCyber Insurance
Coverage may be available for cyber incidents, data breaches, privacy events, response costs and certain technology-related interruptions.
Digital riskCommercial Auto
If vehicles are owned, leased or regularly used for business, commercial auto coverage can address exposures that personal auto insurance may not.
Business vehiclesInsurance for many ways of doing business.
Your industry matters, but so do your contracts, customers, locations, tools, technology and day-to-day operations.
A clearer path from business details to coverage.
Good business insurance starts with good information. Our process is designed to make the conversation practical and efficient.
Tell us about the business
Share what you do, where you operate, your size and the activities that create your main exposures.
Review the risk
A broker can identify coverage gaps, contractual requirements and information insurers may need.
Compare suitable options
Review available limits, deductibles, terms and optional coverages based on insurer appetite and eligibility.
Keep it current
As your operation changes, update your broker so the insurance can be reviewed alongside the business.
Business insurance pricing is built from your risk profile.
Premiums can vary significantly between two businesses that look similar from the outside. Insurers consider the details of how the company actually operates.
Have these details ready.
A more complete application can help a broker understand the risk and reduce back-and-forth during the quote process.
Tell your broker when the business changes.
A policy written for yesterday's business may not reflect tomorrow's exposure. These are common moments to request a coverage review.
Leases, property values, occupancy and local exposures may change when you move or add premises.
Workforce changes can affect payroll, liability, workplace requirements and contractual obligations.
Higher values and a larger operation can mean existing limits no longer reflect the real business.
Different activities can introduce new professional, product, contractual or cyber exposures.
Questions business owners ask.
These answers are general guidance. Coverage is always subject to the actual policy wording, insurer underwriting, eligibility, limits, deductibles and exclusions.
Ask a BrokerWhat does small business insurance usually cover?+
A small business policy can combine several protections based on your operations, such as commercial general liability, business property, business interruption, professional liability, cyber coverage, equipment protection and commercial auto. The right combination depends on what your business does and the risks it faces.
Is small business insurance mandatory in Canada?+
Insurance requirements depend on your province, industry, contracts, employees, vehicles, property and professional obligations. Even when a particular coverage is not legally required, landlords, lenders, clients or partners may require proof of insurance before doing business with you.
How much small business insurance do I need?+
There is no single limit that fits every company. A broker can review your revenue, payroll, contracts, property, equipment, locations, vehicles, customer activity and liability exposure to help identify suitable limits and deductibles.
Can home-based businesses need commercial insurance?+
Yes. A personal home policy may provide limited or no protection for business inventory, equipment, liability or customer activity. If you operate from home, tell your broker so the business exposure can be reviewed properly.
Does business insurance cover mistakes in professional services?+
Commercial general liability is not the same as professional liability. Businesses that provide advice, designs, consulting, technology or professional services may need errors and omissions or professional liability coverage for allegations arising from their work.
Can I add cyber insurance to my business policy?+
Depending on the insurer and your operations, cyber coverage may be available for privacy incidents, data breaches, cyber extortion, business interruption and response costs. Eligibility, limits and conditions vary by insurer.
What information is needed for a business insurance quote?+
Be ready with your business activities, address, years in operation, annual revenue, payroll, number of employees, property and equipment values, subcontractor use, claims history, website or online sales activity, vehicles and any insurance requirements in your contracts.
When should I review my business insurance?+
Review coverage at least at renewal and whenever the business changes materially—for example a new location, new services, higher revenue, additional staff, new equipment, larger contracts, vehicles, online sales or expansion into another province.
How do I get a quote?+
Start the guided quote and a licensed broker can review your needs.
Can coverage be customized?+
Yes. Final availability and pricing depend on insurer eligibility and underwriting.
Ready to review your business insurance?
Start with a guided quote or connect with a Safex broker to discuss your operations, coverage priorities and next steps.