Insuring Main Street: An Analysis of Canada’s Small Business Insurance Market

The Canadian Federation of Independent Business (CFIB) monitors the sentiments of small and medium-sized enterprises (SMEs) across Canada through regular member surveys. While rising costs of taxes, regulations and wages remain major concerns for many SMEs, we have seen a notable increase over the past year in the number of members identifying insurance premiums as a top cost constraint for their business.

This report explores the availability and affordability of the insurance market for SMEs, focusing on their experiences in obtaining both the commercial and personal insurance coverage needed to conduct their operations.