Compare Business Insurance

You could save thousands of dollars a year by getting multiple business insurance quotes and comparing their prices

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Get multiple business insurance quotes by answering a few question

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Get multiple business insurance quotes by answering a few question

How to shop for your next business insurance policy on Hardbacon

Comparing prices from several insurers before choosing a business insurance policy can usually save hundreds of dollars a year. Here are the 4 steps to take.

Tell us where you are located

The first step is to enter your postal code in the box on the left and click on the “Compare” button. Your postal code will allow us to determine which Canadian province you are located in and redirect you to the right partner.

Tell us more about your company

The second step is to fill out our partner's form, which will begin by asking for your company's contact information and other information about your business that is necessary to obtain business insurance quotes.

Tell us more about the type of coverage you are looking for

The third step is to answer questions about the type of cover you are looking for and the corporate assets you wish to insure.

Submit your application

The fourth and final step is to add any specific requests you may have and submit your application. Once you have submitted your application, simply wait for the quotes to arrive.

Here are a few tips to save money on your next business insurance policy in Canada

Shop around for insurance

Insurers are very competitive with each other. So it pays to get quotes from several companies or find a property and casualty insurance broker to do it for you. If you have a company car, grouping your insurance policies could possibly save you money. When shopping around, don't hesitate to check if an insurer offers discounts for your professional body if you have one.

Increase the deductible

The deductible is the amount you have to pay in case of a claim. Normally, increasing your excess will lower your premium. You will have to pay a little more in the event of a claim, but this strategy can be very profitable if you do not make many claims.

Reassess your needs

Having a cover that is adapted to the real risks your company faces will allow you to pay an amount that is proportional to your real needs. The contract can always be modified as your company evolves over time. It is important to remember that the higher the amount of cover, the higher your premium.

Find the right insurer for your specific market

Every business has its own unique characteristics and some insurers are more comfortable with certain types of businesses. Some insurers specialize in the agricultural market while others target retail businesses. It's simply a matter of finding out which insurer specializes in your niche; working with a property and casualty insurance broker may be a good way to identify the right insurers.

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Get multiple business insurance quotes by answering a few question

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Frequently asked questions about business insurance

How much does business insurance cost in Canada?

It is impossible to provide a price range for a business insurance policy without first obtaining quotes. However, here is some information that will be taken into account to determine the price of your business insurance policy: the type of product or service; the annual revenue; the sector; the value of your equipment; various information related to the premises where your business is located; the coverage you will need, etc.

What is business interruption insurance?

Business interruption insurance covers you if an accident prevents you from continuing your operations for a certain period of time. This protection allows you to maintain your income during the period in which your operations are interrupted after an incident. As a rule, you will be able to choose between comprehensive and specific risk protection. You will also have to decide whether you prefer to have a limited indemnity, which will compensate your income until the damages and property are replaced, or an extended indemnity, which will cover your income until the company has returned to a normal level of activity. Some additional protection may be offered to cover the costs of subcontractors or temporary relocation.

Do I need insurance if I have a business with a single owner?

There is no law in Canada that requires all businesses to carry insurance. However, your customers may require it and some regulated industries require it. In any case, no matter what type of business you run, there is no such thing as being risk-free. If you are working from home or renting premises, professional liability insurance may be appropriate. Next, you will need to determine your specific needs in relation to the likely risks and the ability of your business to continue operating in the event of an accident. If it is not possible to continue operations in any given situation, you can purchase an insurance policy to mitigate this risk. Whether it is for loss of income, physical assets, relocation, or something else, the insurer will give you coverage tailored to your business and your needs.

Do small businesses need insurance?

You do not have to buy insurance for your small business. However, there may be financial benefits to doing so. Business insurance will provide cover for your assets. In the event of an accident, if you have inventory, it could be compensated by your insurer if you have a business insurance policy. This insurance could also cover your public liability, cybersecurity risks and even loss of income. Depending on the needs of your business, a damage insurance broker or agent will be able to recommend the appropriate coverage.

Does my insurance cover my subcontractors?

Your liability insurance may cover your subcontractors for a task they perform on behalf of your company. So, if your company gives a contract to a supplier and they are at fault under that contract, your commercial liability could come into play, depending on your insurance policy and the contract you have with your supplier. However, your insurance will not cover his business for business interruption or equipment breakdown.

Are the premiums tax-deductible?


Business insurance premiums can be deducted from your business income. What is not deductible, however, are life insurance premiums that go beyond the basic coverage provided by the company's group insurance plan. Talk to your accountant when doing your corporate taxes; he or she can confirm what deductions you are entitled to.

Why is insurance important for a business?

An incident could have a major impact on your business operations. Regardless of the size of your business, your work equipment could be damaged by a loss, a situation that could prevent you from completing your current contracts. Purchasing a business insurance policy will help mitigate this risk. If you have a small established business and the same situation arises, you will probably have to close down for a period of time in order to carry out work and replace the damaged items. Losses from an accident such as water damage or fire can be enormous and can even lead to the closure of a business without insurance.

Is business insurance mandatory in Canada?

Business insurance is not required by law. However, if you are considering a loan, the financial institution may require proof of insurance. A company insurance policy proves your commitment to your business project.

Which insurance company can cover me for my business?


Several insurers offer business insurance, including Intact, Aviva, Essor, Promutuel, Cooperators, Beneva, Desjardins and many others. To shop around for insurance, you can contact the insurers by calling them or using an insurance comparison tool. You can also contact a broker who will be able to get quotes from different insurers to ensure you get the best price.

Do companies that only do business on the web need insurance?

Just because a company interacts exclusively with its customers on the Internet does not mean that it is without risk. Even if you only sell goods online, you are not immune from a warehouse accident or a product liability claim. Even service companies are at risk; they could fall victim to a computer attack that causes business interruption or compromises sensitive customer data. Businesses can protect themselves against this risk by purchasing cyber risk cover. In both cases, whether you sell goods or services, in a physical location or online, you run the risk of receiving a formal notice from a customer. To protect yourself against this risk, it may be appropriate to take out business liability insurance.

If my business is located in my home, do I need business insurance?

If you are self-employed and work from home, your home insurance may cover a portion of your business assets, but there is usually a $2,000 limit specified in the policy. You are not obliged to insure yourself, but in the event of an accident affecting all the equipment you use (such as your desk, computer, stationery, books, etc.), your coverage may not be sufficient to replace the damaged goods. Remember that the liability coverage in your home insurance policy only covers risks related to your personal use of your home, so you won't have any coverage for lost income. In short, you don't have to buy insurance, but it's up to you to assess the potential losses that a claim could cause you and then see if the cost of business insurance is worth it.

Does business insurance cover theft by employees?

Since business insurance is tailored to your needs, it is not necessarily included in this type of contract. However, if you wish to have insurance against internal theft, some insurers may offer it. Be sure to check with your damage insurance representative to see if you can benefit from this protection. However, be realistic about your expectations; each claim has a direct impact on your premiums. In the case of a large loss, this coverage may be worthwhile, but making a small claim might not be worth it. To avoid the temptation to claim for small thefts, you could opt for a high deductible.

Compare Business Insurance

assurance entreprise

You could save thousands of dollars a year by getting multiple business insurance quotes and comparing their prices

In collaboration with

* Authorization: I authorize ClicAssure to collect and transmit my personal information to certain of its business partners who may be interested in sending me an insurance quote. I also authorize ClicAssure and these same partners to contact me by e-mail, text message, telephone or mail to follow up on my request for insurance quotes or to allow me to finalize my request for quotes.


If I accept the insurance offer from one of ClicAssure's business partners, I also authorize the latter to inform ClicAssure in order to update my file. I also consent that the assignees or successors of the business or assets of ClicAssure may use and disclose my personal information for purposes similar to those described in this authorization.

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