Congratulations! You are about to launch your small business, and you have been crossing tasks off of your to-do list. We imagine this is exciting. We also imagine this list has become a bit overwhelming. You reach your next item, “look into small business insurance.”
Is this necessary? You don’t plan on making any mistakes, and it seems like an avoidable cost. Do you need it? You’ve heard it involves a lot of back and forth with brokers, and you feel like you should be focusing on other aspects of getting your business off of the ground.
Short answer? Yes, you need small business insurance in Canada and here’s why. Regardless of what industry you are in, mistakes happen and can threaten the survival of your business in a matter of seconds.