Business insurance is not universally mandatory across all categories in Canada, but certain coverages are strictly required by provincial law depending on your industry operations. For example, if your business has employees, workers' compensation insurance is legally compulsory in every province. Additionally, if you operate commercial vehicles, commercial auto insurance is mandatory, and specific regulated professions—such as accountants, real estate agents, and contractors—must carry professional liability or commercial general liability insurance to secure municipal licenses or contract leases.
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