Small business insurance in Canada typically costs between 40 and 75 dollars per month (roughly 500 to 900 dollars annually) for basic general liability coverage. However, total expenses can scale significantly higher—ranging anywhere from 1,000 to over 5,000 dollars per year—if your enterprise requires comprehensive multi-peril packages that incorporate commercial property, professional liability (Errors and Omissions), cyber insurance, or high-risk trade coverages. Annual revenue, number of employees, and industry risk level heavily dictate the final pricing structure.
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