As president of KBD, Curtis aims to simplify insurance for his clients. He’s helped lead KBD to become one of Canada’s fastest 400 growing companies according to the Globe & Mail.
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Every business owner wants to save money—but when it comes to commercial insurance, “cheap” doesn’t always mean smart.
Cutting the wrong coverage can cost you far more when a claim hits.
This guide shows you how to lower your premiums without putting your business at risk—and how a broker can help you get real value for your dollar.
How to Lower Your Premium the Right Way
If your commercial insurance renewal gave you sticker shock this year, you’re not alone. Rates across Canada have climbed steadily since 2022.
But before you start removing coverages or switching to a bare-bones online plan, consider smarter ways to save:
- Raise your deductible strategically
Increasing your deductible by a few hundred dollars can reduce your annual premium by 10–15% without affecting essential protection. - Review your policy every year
Has your revenue changed? Have you sold equipment or moved to a smaller space? Outdated details could mean you’re overpaying for coverage you no longer need. - Bundle your policies
If you have commercial property, vehicles, and liability insurance with different providers, consolidating them through one broker can earn you multi-policy discounts. - Work with a broker—not a call centre
Brokers shop multiple insurers, know which ones are competitive in your industry, and can tailor your policy to match your operations—not a generic template.
These small adjustments can often save hundreds each year while keeping your coverage intact.
What to Keep (Even If You’re Cutting Costs)
Before you chase the lowest quote, make sure your policy still includes these essentials:
- Commercial general liability → Protects you if someone sues your business for property damage or bodily injury.
- Business interruption → Covers lost income if your operations are forced to shut down after a fire or flood.
- Equipment & property coverage → Ensures your physical assets are insured to their full value.
- Cyber or professional liability (as needed) → Critical for businesses that store client data or provide advice.
Losing any of these could turn a small savings into a major loss later.
FAQs
Q: What’s the cheapest commercial insurance available?
A: Small business policies in Quebec can start around $750/year, depending on size, location, and industry.
Q: Can I lower my premiums without losing coverage?
A: Yes—by raising deductibles, bundling, and letting a broker re-shop your policy annually.
Q: Is it risky to buy insurance online?
A: Online platforms often skip questions about your operations, which can lead to coverage gaps. Brokers make sure those details are correct before you buy.
Wrap Up
Looking for affordable commercial insurance that still protects your business?
Get a free quote from KBD Insurance—trusted by Quebec business owners for over 40 years.