Essential business protection
Key areas of small business insurance coverage
Small business insurance isn’t a single type of coverage. Depending on your operations and risks, your insurance program may combine several solutions to protect your property, finances, and business from unexpected losses.
Business property
Helps protect buildings, equipment, inventory and other business property from insured risks such as fire, theft, vandalism and certain weather-related events.
Commercial general liability
Helps protect your business if a third-party is injured or their property is damaged because of your operations, including certain associated legal and medical expenses.
Professional liability
Helps protect businesses that manufacture or sell products against certain claims involving bodily injury or property damage caused by those products.
Cyber liability
Helps your business respond to and recover from cyberattacks and data breaches while providing access to tools that can help manage cyber risks.
Business interruption
Helps address lost income and additional expenses when insured physical damage disrupts your operations, supporting your business while it recovers.
The Navacord Advantage
Why choose Navacord for small business insurance?
Navacord combines small business expertise with tailored advice to help Canadian businesses find insurance solutions suited to their operations, risks and budget.
Small business expertise
Our connections with business associations, chambers, and industry networks help us stay informed about issues affecting Canadian small businesses.
Tailored recommendations
Your advisor gets to know your operations and risks to help identify insurance solutions that make sense for your business.
Coverage that evolves
As your business changes, your advisor can help ensure your insurance continues to reflect your operations and exposures.
FAQs for small business insurance
Requirements depend on your business, industry, and circumstances. Even when coverage isn’t legally required, insurance can help protect your business from financial losses arising from unexpected events and liability claims.
The right amount depends on your operations, risks and budget. A Navacord advisor can assess your exposures and help you determine appropriate coverage and limits.
Your home insurance may provide limited or no protection for business-related property and activities. If you operate from home, it’s important to understand your existing coverage and whether additional business insurance is appropriate.
Costs vary based on factors such as your industry, business size, experience, payroll, coverage needs and level of risk. An advisor can help you compare options based on your business.
It depends on the business. Common coverages include commercial general liability, business property, professional liability, product liability, cyber liability and business interruption insurance.
