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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When it comes to commercial insurance, there’s no one-size-fits-all answer.
The cost depends on your business type, size, and risk exposure, but to give you a ballpark, most small businesses in Quebec pay between $750 and $5,000 per year.
The key is understanding why those numbers vary—and how to make sure you’re getting full protection for what you pay.
Average Cost of Commercial Insurance in Quebec
While every business is unique, certain patterns hold true.
- Low-risk service businesses (like consultants or marketing agencies): $750–$1,500/year
- Retail or professional trades (like electricians, salons, or contractors): $1,500–$3,000/year
- Industrial or manufacturing operations: $3,000–$5,000+ per year
Your business size, annual revenue, and coverage requirements all play a role.
For example, a small contractor with vehicles and tools will pay more than an office-based firm with minimal equipment.
What Affects the Price of Your Policy
Here’s what insurers look at when determining your rate:
- Revenue: Higher income means more exposure, which usually means higher premiums
- Industry: High-risk industries (like construction or food service) carry higher costs
- Coverage: Property, liability, cyber, and interruption coverage each add protection—and cost
- Claims History: Clean records can lower premiums by 10–20%
- Location: Urban zones and older buildings often cost more due to increased claim potential
The takeaway: Your insurance price is really the sum of your risk profile.
How to Save Without Cutting Coverage
Saving money on commercial insurance doesn’t mean stripping down your policy. It’s about buying smarter, not cheaper.
- Work with a broker: They shop multiple insurers to find competitive rates
- Review coverage yearly: Businesses evolve; outdated policies cost more than you think
- Raise deductibles responsibly: It’s an easy way to lower premiums if you have cash reserves
- Bundle smartly: Combine property and liability coverage through the same provider for discounts
At KBD Insurance, we help business owners compare options, find hidden savings, and ensure every dollar in your policy actually protects you.
FAQs
Q: What’s the average cost of commercial insurance in Quebec?
A: Most businesses pay between $750–$5,000/year, depending on size and industry.
Q: Can I get cheaper commercial insurance online?
A: Possibly—but online quotes often skip key coverages like business interruption or cyber protection.
Q: How do I get an accurate quote?
A: Work with a broker who understands your business operations and risk exposure.
Wrap Up
Want to know what commercial insurance should really cost for your business?
Get a free quote or policy review from KBD Insurance—trusted by Quebec businesses for over 40 years.