Business Insurance for Small & Medium-Sized Enterprises
Small and medium-sized enterprises make up more than 98% of Canada’s employer businesses and support millions of jobs across the country. Every day, you’re juggling staff, customers, suppliers, cash flow and growth. A single lawsuit, fire, cyberattack, or key customer default could undo years of work. Aon helps Canadian small and medium-sized businesses put the right small business insurance in place, so one bad day doesn’t threaten the future of your business.
Aon also offers an exclusive Commercial Package Policy through our managing general agent, Linx Underwriting Solutions Inc. It combines commercial general liability insurance, property insurance and crime coverage in one tailored solution for Canadian SMEs, insuring up to $50,000,000 in property (up to $10,000,000 per location) and $35,000,000 in annual sales, with a $1,000 minimum annual premium. This means broad protection in a single policy, fewer gaps and surprises at claim time, and coverage that can keep pace as your business grows.
Why Business Insurance Matters for SMEs
Running a business means living with risk. A single event can disrupt your operations, your cash flow, and your plans for growth.
Customer Injuries and Lawsuits
If a customer is injured on your premises or a client claims your work caused them a loss, business liability insurance can help cover legal defence costs, settlements and judgments, so one claim doesn’t put your business at risk.
Damage to Your Building, Stock or Equipment
If a fire, break-in, vandalism or other covered event damages your property, insurance can help pay to repair or replace what you’ve lost, so you can get back to serving customers sooner.
Forced Shutdowns and Lost Income
If you’re forced to close temporarily because of an insured loss, business interruption coverage can help replace lost income and pay ongoing expenses like rent and payroll while you recover.
Cyber Incidents and System Outages
If a cyberattack or system outage hits, cyber coverage can help with investigation, data recovery, notification costs and certain liability arising from the breach.
Key Customers Who Can’t Pay
If a major customer becomes insolvent or can’t pay what they owe, trade credit coverage can help protect your cash flow and reduce the impact on your business.
Aon offers a Commercial Package Policy, a simple, all in one solution for Small Businesses
A simple, all-in-one Small Business Insurance solution. It bundles property, general liability, business interruption and crime coverage into one economical policy for your business. With the right combination of coverage, business insurance helps you stay open, meet contractual and lender requirements, protect your employees’ jobs, and keep your business moving forward when something goes wrong.
Not a Simple “Cookie-Cutter” Risk? We Can Still Help.
Some businesses don’t fit into a standard package. Aon can help you access and combine a wide range of specialized coverages, including:
- Professional Liability / Errors & Omissions
- Directors & Officers Liability
- Cyber
- Cargo / Marine / Aviation
- Fine Arts
- Trade Credit
- Mergers & Acquisitions / Representations & Warranties
We’ll work with you to build a business liability insurance program that reflects your contracts, regulators, lenders and real-world exposures.
Why Choose Aon for Your Small Business Insurance?
Unlike many online-only providers focused on simple risks, Aon combines digital efficiency with deep broker expertise and broad market access.
Global Scale, Local Focus
One of the world’s largest insurance brokers, Aon brings broad market access and a dedicated team focused on Canadian SMEs, so your coverage can evolve as your business grows.
Fast, Guided Process
We streamline applications and quotes, do the legwork, and explain your options in plain language so you can make decisions quickly.
Convenience & Bilingual National Service
Get support from licensed brokers across multiple provinces, with service available in both English and French.
Competitive, Tailored Pricing
Access multiple insurers through Aon to find coverage and pricing that fit your risk profile and budget, rather than a one-size-fits-all product.
If you have a claim, experienced Aon professionals manage the process with insurers and work to help you achieve a fair outcome.
Common Questions About Small Business Insurance
How much will this cost, and can I control the cost?
The cost of small business insurance depends on what you do, where you operate, your revenues, and the limits you choose. Our role is to explain your options, show how changes to limits and deductibles affect price, and help you find a level of protection that fits your budget. For our exclusive commercial package policy, minimum annual premiums start at $1,000.
What exactly does business insurance usually cover?
Most business insurance programs start with protection for your physical assets and your legal liability. That typically includes coverage for your building, contents, stock and equipment, and for claims alleging bodily injury, property damage or certain personal injuries arising from your operations. From there, we can add coverage for business interruption, cyber, commercial auto and other risks based on how your business operates.
Do I need professional liability insurance if I already have general liability?
Commercial general liability insurance helps protect your business if someone alleges you caused bodily injury, property damage or certain personal injuries. Professional liability insurance (errors and omissions) helps protect you if your advice, services or design cause a financial loss. If your business provides professional advice or services, you may need both types of coverage.
Do I really need cyber coverage if I am a small business?
Many small and medium-sized businesses rely on email, online banking, digital records and cloud tools. A cyber incident can lead to system downtime, data loss, privacy issues and reputational damage. Cyber coverage can help with costs such as forensic investigation, data recovery, notification, certain legal expenses and, in some cases, related liability.
Will I be locked into a long contract?
Most business insurance policies are arranged for a one-year term. As your business changes, we can adjust your coverage during the policy period when appropriate and then review everything again at renewal so it stays aligned with your needs.
Protect the business you’ve worked hard to build with advice, coverage and claims support from Aon. Talk to us today to explore business insurance options tailored to your operations, risks and growth plans.