Business Insurance

Small business insurance policies starting from $11/month.†

Get a Free Quote in 3 Minutes

Business Insurance

Small business insurance policies starting from $11/month.†

Get a Free Quote in 3 Minutes
999,999insurance quotes and counting!
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1,058,729insurance quotes and counting!
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What Is Business Insurance?

Business insurance protects owners from losses caused by unexpected events during daily operations. It can cover property damage, errors, or injuries to others.

There are many types of business insurance available for business owners. The type of coverage you need relies on several factors, including industry, size, and revenue.

Getting business insurance is vital. It helps protect against your unique risks. It also supports your business over the long term.

Zensurance 3-Step Process and Monthly Premium Mobile Interface

What Is Business Insurance?

Business insurance protects owners from losses caused by unexpected events during daily operations. It can cover property damage, errors, or injuries to others.

There are many types of business insurance available for business owners. The type of coverage you need relies on several factors, including industry, size, and revenue.

Getting business insurance is vital. It helps protect against your unique risks. It also supports your business over the long term.

Real-World Business Insurance Claim Examples

General Liability Claim Vector

General Liability

Problem: Your client slips on the stairs on their way into your company office, resulting in a sprained ankle.

Outcome: The client successfully sues your business for bodily injury. General liability insurance covers the injured person’s medical fees and your legal defence expenses.

Commercial Property Claim Vector

Commercial Property

Problem: A fire in your office building results in damage to your office furniture, inventory and computer equipment.

Outcome: Commercial property insurance pays to repair or replace the damaged items.

Cyber Liability Claim Vector

Cyber Liability

Problem: A hacker uses a phishing attack to trick you into clicking a harmful link. They gain access to your company’s confidential data.

Outcome: Cyber liability insurance covers software restoration, credit monitoring, and notification expenses.

Real-World Business Insurance Claim Examples

General Liability Claim Vector

General Liability

Problem: Your client slips on the stairs on their way into your company office, resulting in a sprained ankle.

Outcome: The client successfully sues your business for bodily injury. General liability insurance covers the injured person’s medical fees and your legal defence expenses.

Commercial Property Claim Vector

Commercial Property

Problem: A fire in your office building results in damage to your office furniture, inventory and computer equipment.

Outcome: Commercial property insurance pays to repair or replace the damaged items.

Cyber Liability Claim Vector

Cyber Liability

Problem: A hacker uses a phishing attack to trick you into clicking a harmful link. They gain access to your company’s confidential data.

Outcome: Cyber liability insurance covers software restoration, credit monitoring, and notification expenses.

What Does Business Insurance Cover?

Business insurance covers third-party bodily injuries, property damage, liability claims and lawsuits, including:

  • Third-party bodily injuries: If a customer or passerby is hurt at your workplace or job site, insurance can help cover their medical costs and your legal fees if you’re sued.
  • Property damage liability: If your business damages someone else’s property, insurance can help pay for repairs.
  • Product liability: If you sell products and something goes wrong, this coverage helps with claims. It can cover defective goods and product-related injuries.
  • Professional liability: If you provide services or advice, a client may claim you made a mistake. They may say you gave incorrect advice.
  • Optional extras (for some businesses): Tools and equipment insurance covers theft or damage to portable tools and equipment. Commercial auto insurance if you use business vehicles. Cyber insurance covers data breaches or cyberattacks.

What Does Business Insurance Cover?

Business insurance covers third-party bodily injuries, property damage, liability claims and lawsuits, including:

  • Third-party bodily injuries: If a customer or passerby is hurt at your workplace or job site, insurance can help cover their medical costs and your legal fees if you’re sued.
  • Property damage liability: If your business damages someone else’s property, insurance can help pay for repairs.
  • Product liability: If you sell products and something goes wrong, this coverage helps with claims. It can cover defective goods and product-related injuries.
  • Professional liability: If you provide services or advice, a client may claim you made a mistake. They may say you gave incorrect advice.
  • Optional extras (for some businesses): Tools and equipment insurance covers theft or damage to portable tools and equipment. Commercial auto insurance if you use business vehicles. Cyber insurance covers data breaches or cyberattacks.

Frequently Asked Questions About Small Business Insurance in Canada

Canadian business owners often ask whether they need $1 million, $2 million, or more in coverage. The honest answer is it depends on your business

As your coverage limit goes up, your premium usually does too. Many business owners choose the highest coverage limit they can afford to protect themselves against large claims.

Business insurance covers your business activities, not your personal life. That means it doesn’t replace your homeowner or condo insurance.

It’s also important to know that standard home insurance usually doesn’t cover business-related assets or liability (for example, a client slipping and falling at your home office).

In many cases, yes. Home-based businesses still face risks that personal home insurance does not fully cover.

While some home insurance policies may cover a few items you use for work, they often exclude business property and inventory, or business-related liability claims.

Business liability insurance won’t cover employee injuries, contractual agreements, or any intentional wrongdoing or criminal acts.

Many small businesses pay as little as $450 per year for $2 million in coverage. Your final price depends on factors like your industry, location, number of employees, revenue, claims history, and the products or services you offer.

If clients visit your workplace, you sell products or food, offer professional advice, rent out property, run a home-based business, or use a vehicle for work – you need it. Some industries are legally required to carry it. And if you’re not? One lawsuit or accident could cost you hundreds of thousands out of pocket.

Frequently Asked Questions About Small Business Insurance in Canada

Canadian business owners often ask whether they need $1 million, $2 million, or more in coverage. The honest answer is it depends on your business

As your coverage limit goes up, your premium usually does too. Many business owners choose the highest coverage limit they can afford to protect themselves against large claims.

Business insurance covers your business activities, not your personal life. That means it doesn’t replace your homeowner or condo insurance.

It’s also important to know that standard home insurance usually doesn’t cover business-related assets or liability (for example, a client slipping and falling at your home office).

In many cases, yes. Home-based businesses still face risks that personal home insurance does not fully cover.

While some home insurance policies may cover a few items you use for work, they often exclude business property and inventory, or business-related liability claims.

Business liability insurance won’t cover employee injuries, contractual agreements, or any intentional wrongdoing or criminal acts.

Many small businesses pay as little as $450 per year for $2 million in coverage. Your final price depends on factors like your industry, location, number of employees, revenue, claims history, and the products or services you offer.

If clients visit your workplace, you sell products or food, offer professional advice, rent out property, run a home-based business, or use a vehicle for work – you need it. Some industries are legally required to carry it. And if you’re not? One lawsuit or accident could cost you hundreds of thousands out of pocket.

Why Choose Zensurance?

We help Canadian small business owners save time and money. We offer a convenient, affordable way to buy business insurance online.

Affordable Coverage
Compare policies from over 50 insurers and find coverage that fits your budget.

100% Online and Quick
Complete our online application and receive a customized quote in under five minutes.

24/7 Claims Support
Our Claims team is available 24/7 to assist you in filing a claim and ensure it is addressed quickly.

Zensurance 3-Step Process and Monthly Premium Mobile Interface
Zensurance 3-Step Process and Monthly Premium Mobile Interface

Why Choose Zensurance?

We help Canadian small business owners save time and money. We offer a convenient, affordable way to buy business insurance online.

Affordable Coverage
Compare policies from over 50 insurers and find coverage that fits your budget.

100% Online and Quick
Complete our online application and receive a customized quote in under five minutes.

24/7 Claims Support
Our Claims team is available 24/7 to assist you in filing a claim and ensure it is addressed quickly.

Not Sure What Coverage You Need?

You don’t need to be an insurance expert – that’s what we’re here for.

Tell us what you do, and we’ll match you with options typically designed for businesses like yours.

Whether you’re a contractor, consultant, shop owner, freelancer, landlord, or operate from home, we’ll help you find coverage that fits.

Not Sure What Coverage You Need?

You don’t need to be an insurance expert – that’s what we’re here for.

Tell us what you do, and we’ll match you with options typically designed for businesses like yours.

Whether you’re a contractor, consultant, shop owner, freelancer, landlord, or operate from home, we’ll help you find coverage that fits.