Different businesses face different risks, so there is no standard package. This page explains the kinds of coverage people commonly look at and the questions an insurer will ask.
A useful first step is a short list: what you own (equipment, stock, premises), what you do for clients, what data you hold, who works for you, and what you have promised in contracts. The list shows which kinds of coverage matter for your business.
Our business insurance page has more.
Home insurance often covers little or nothing for business equipment, clients who visit, or lost income. Ask your insurer what applies before you rely on it.
Clients and landlords often ask for a certificate of insurance, a document from your insurer that summarizes your coverage and limits. They may ask to be named on the policy. Check what a contract requires before you sign it, so you can arrange coverage in time.
Workers' compensation is run by each province's board (for example the WSIB in Ontario and the WCB in Alberta). It is not the same as private business insurance. Whether you must register depends on your province and your industry, so check with the board.
Owners often do not have group benefits through an employer, so many look at personal disability, critical illness, life and health coverage. When you hire, a group plan can help you attract and keep staff, and some plans are built for very small teams. A corporation can limit some personal liability, but it does not stop claims or pay for losses. Ask a lawyer or accountant how it applies to you.
Often yes. Home insurance usually covers little or nothing for business equipment, clients or income. Ask your insurer what applies and what is excluded.
A document from your insurer that summarizes your coverage and limits. Clients and landlords often ask for one, and may ask to be named on the policy.
No. Workers' compensation is run by each province's board and covers workplace injuries. Whether you must register depends on your province and industry.
What you do, your revenue and payroll, how many people work for you, where you operate, whether you use subcontractors, and your claims history. The more clearly you describe the business, the better the policy fits.
Before you start operating or sign a lease or contract that requires it. Ask the insurer for the start date so there is no gap.
General information, not advice or a recommendation. Rules differ by province and by insurer, so confirm with your insurer or a licensed advisor. This page was last checked in November 2026.