In 2024 alone, more than $8 billion has been paid out by Canadian insurers for claims associated with property damage and liability. They are paying out more in claims than the government has allocated for climate adaptation.

By understanding their unique risks, researching options, and regularly reviewing their policies, entrepreneurs can make informed choices to protect their businesses effectively.

In part one we discussed how important business insurance is for entrepreneurs in protecting their business from major setbacks. Today I want to focus on the coverages you should consider when comparing quotes.