Small businesses make up 98.2% of Canada's employer businesses and employ 8 million people, yet much of that coverage was placed for a version of the business that no longer exists
Branislav Urosevic Jun 19, 2026
Brokers are now being pushed to bring trade credit, political risk and supply chain coverage into the SME mainstream
TD Insurance’s Tang Trang says SMEs often trade protection for savings, leaving businesses exposed to costly gaps when claims hit
Maher estimates that only 10–15% of Canadian companies get standalone cyber cover, compared with 30–40% in the US
The latest grant reflects a snapshot of emerging exposures that P&C carriers and brokers must capture
TD Insurance's Tang Trang says many small businesses lack proper coverage, which leaves them exposed to costly claims
BOXX’s Jonathan Weekes says SMEs face rising cyber risk as human error, limited resources, and time pressures leave businesses increasingly vulnerable
Beneva's Sunil Hirjee says SMEs can manage rising benefit costs by reviewing claims quarterly and focusing on prevention, virtual care, and smarter plan design
Local leaders are hoping a provincial grant or cost-share scheme will be implemented
NFP's Randy Ramkissoon says one GPS tracker isn't enough anymore – thieves know where to look, and the claims are getting more severe
BFL Canada's Hector Plascencia says the gap between identifying a risk and actually understanding its business impact is where most organizations fall short
Aon’s Daniel Ocampo explains how sustainability, global risks and energy transition are reshaping insurance capacity, pricing and strategy for Canadian businesses today
