In Quebec, the best overall business insurance company is Intact Insurance. However, the right insurance company for your business could be completely different, since the best coverage will be the one that’s tailored to your company.
To help you, we’ve compiled a list of the 11 best business insurance companies in Quebec for 2025.
Let’s get started!
1- Intact
Intact Insurance is Canada’s largest auto, home and business insurance company, offering a wide range of products and services based on the needs of businesses of all sizes and from various sectors. It distributes its products through a vast network of independent insurance brokers across the country.
Advantages of Intact in business insurance
✅ Wide range of business-adapted protections: Customized insurance solutions for a variety of industries, including construction, professional services, healthcare, commercial real estate, transportation and many others.
✅ Accepts new businesses: Recognized for working with startup businesses, offering basic protections adapted to new entrepreneurs and facilitating their access to comprehensive insurance solutions.
Disadvantages of Intact in business insurance
❌ Potentially higher cost than some competitors: Some clients may find that premiums are higher compared to those offered by other insurers.
2- Unique
Founded in 1978, L’Unique Assurances Générales is a Quebec insurance company offering a complete range of products, particularly in business insurance. Since 2004, it has been part of the La Capitale general insurance group (now Beneva), while maintaining autonomous management. L’Unique distributes its products through a network of more than 350 independent brokers spread across Quebec.
Advantages of Unique in business insurance
✅ Competitive premiums: Unique offers competitive business insurance premiums, allowing your company to benefit from adequate coverage and protect against business interruption risks while controlling costs.
✅ Standard market: Business insurance products designed to meet standard market needs, offering protections adapted to the realities of Quebec businesses.
✅ Personalized protection: Customized coverage based on the specific activities of each business, ensuring optimal protection adapted to the risks specific to each sector.
✅ Commercial auto insurance: Adapted protections for vehicles used for commercial purposes, guaranteeing adequate coverage for business fleets.
Disadvantages of Unique in business insurance
❌ Rigorous client selection: Unique generally does not accept startup businesses, favoring established businesses with operational history.
❌ Limited availability of online services: Unlike some modern insurance companies, Unique does not offer an online client space for managing policies or claims in case of incidents and damage caused to third-party property or persons.
3- Northbridge
Northbridge Insurance is a Canadian company specializing in business insurance. It offers a complete range of insurance products adapted to the needs of small and medium businesses, covering various activity sectors.
Advantages of Northbridge in business insurance
✅ Free telephone legal assistance: Offers members of the Canadian Federation of Independent Business (CFIB) free access for one year to a legal assistance telephone line, simply by requesting a quote, without obligation to subscribe to an insurance policy.
✅ Solutions adapted to small businesses: Insurance policies specially designed for small businesses, including protections such as property insurance, liability, cyber risks, errors and omissions.
✅ Partnership with CFIB: CFIB members benefit from exclusive discounts on insurance premiums, including a 10% discount on business insurance premiums and 50% on optional cyber risk insurance premiums for policies with a coverage amount of $50,000.
Disadvantages of Northbridge in business insurance
❌ Exclusions for certain activity sectors: Exclusions of bars and taverns, hotels and motels, as well as municipal risks from their small business insurance program.
❌ Strict eligibility criteria: To benefit from discounts and advantages offered in partnership with CFIB, businesses must meet specific criteria, such as revenue of $5 million CAD or less ($3 million for manufacturing businesses and contractors), total insurable value of $10 million CAD or less, and a maximum of nine vehicles.
4- Economical
Economical is a Canadian insurance company founded in 1871, offering a varied range of insurance products for individuals, businesses and farms. It works closely with independent brokers to distribute different types of products across the country.
Advantages of Economical in business insurance
✅ Advanced technology: Economical has invested in innovative technological solutions, such as Vyne™, allowing brokers to serve clients in just minutes, thus facilitating insurance policy management.
✅ Wide range of products: The company offers a diversity of products adapted to business needs to protect their property and cover potential damage. Its offerings also include liability, business auto, bonds, and more.
✅ Dedicated customer service: Economical has a specialized team of more than 600 claims experts, offering 24/7 service to support clients during their claims.
Disadvantages of Economical in business insurance
❌ Absence of physical agencies: Some clients may be reluctant to not have a physical contact point, preferring face-to-face interaction for managing their insurance.
❌ Variability in customer experiences: Customer reviews about Economical are mixed. For example, some users report prolonged delays for claims processing following an incident, while others highlight positive experiences.
5- Southwestern
South Western Insurance Group Limited (SWG) is a Canadian insurance wholesaler that offers a varied range of commercial and specialized insurance products. Founded in 1961, the company has established itself as a key intermediary between insurance brokers and insurers, offering solutions adapted to the specific needs of businesses.
Advantages of Southwestern in business insurance
✅ Flexibility in policy customization: SWG offers tailor-made solutions for various activity sectors, including specialized programs such as insurance for security services, construction, hospitality and healthcare.
✅ Appetite for non-standard risks: The company is recognized for its willingness to insure risks considered non-standard or difficult to place, such as tattoo businesses, plumbers, or vacant buildings. Good news therefore for any business owner exercising these particular professional activities and who wants an insurance policy to protect them against potential risks to which their structure is exposed.
Disadvantages of Southwestern in business insurance
❌ Less notoriety compared to major insurers: Although SWG is well established in Canada, it may be less known than some major international insurers, which could influence the perception of potential clients.
❌ Limited availability of public information: Detailed information on SWG’s financial performance or customer reviews is less publicly accessible, which can make evaluating the company more difficult for businesses seeking a new insurer.
6- Morin Elliott
Morin Elliott Associés Ltée is an insurance management company founded in 1988, specializing in products for non-standard risks in home and commercial insurance. It distributes its products exclusively through certified insurance brokers.
Advantages of Morin Elliott in business insurance
✅ Local expertise and personalized service: Thanks to its specialization in unconventional risks, Morin Elliott is recognized for its ability to provide tailor-made solutions adapted to the specific needs of businesses.
Disadvantages of Morin Elliott in business insurance
❌ Limited geographical presence: Although Morin Elliott offers specialized products, its distribution relies on a network of independent brokers, which may limit its direct presence in certain regions.
❌ Acquisition by an American company: In August 2020, Morin Elliott was acquired by One80 Intermediaries, an American wholesale broker. This acquisition could influence corporate culture and local operations.
7- April
April is a French company specializing in insurance, offering a varied range of products for professionals and businesses from commercial property insurance to liability. Founded in 1988, it has established itself as a major player in the sector, offering solutions adapted to the specific needs of businesses, particularly in terms of particular and complex risks.
Advantages of April in business insurance
✅ Expertise in specific risks: April is recognized for its ability to cover particular and complex risks, offering tailor-made solutions for various businesses.
✅ Modular and adapted offers: The company offers flexible formulas, allowing businesses to choose guarantees corresponding precisely to their needs.
✅ Innovative digital services: April has developed powerful online tools, facilitating contract and claims management for businesses.
Disadvantages of April in business insurance
❌ Variable pricing according to profiles: Although April offers competitive rates for certain profiles, particularly young borrowers or certain professions, costs may be less advantageous for other categories of businesses.
❌ Complexity of cancellation procedures: Clients have encountered difficulties when canceling their contract, reporting long and sometimes laborious processes, which can be a deterrent for businesses wanting to change insurers over time.
8- CHES
CHES Specialized Solutions is an important provider of insurance programs for brokers in Quebec. Founded in 2018, this company offers more than 300 insurance products for various sectors, including construction, jewelry stores, furriers, pawnbrokers, tattoo and piercing parlors, cargo insurance. It can therefore be a solution to study for these particular businesses, exposed to numerous risks of material damage, bodily injury, claims, etc.
Advantages of CHES in business insurance
✅ Expertise in specialized industries: CHES stands out for its in-depth knowledge of specific sectors, offering tailor-made solutions adapted to the unique needs of these industries.
✅ Wide range of products: With an offering of more than 300 insurance products, CHES covers a vast range of risks, allowing businesses to find ideal solutions that fit perfectly within the framework of their activities.
Disadvantages of CHES in business insurance
❌ Potentially limited product range for general SMEs: Although CHES offers a vast selection of products, its orientation towards specialized industries may mean that some small and medium businesses operating in more general sectors do not always find solutions perfectly adapted to their specific needs in terms of liability, as well as errors and omissions.
9- CFC
CFC is a specialized insurance provider, pioneer in emerging risks and market leader in cyber insurance. Using a global insurance platform, CFC integrates cutting-edge technologies and data sciences to offer innovative products, autonomous underwriting and advanced threat intelligence. The company is recognized for its exceptional service and commitment to its partners and clients.
Advantages of CFC in business insurance
✅ Expertise in emerging risks: CFC stands out for its ability to anticipate and cover risks related to new technologies. Thus, it covers damage and risks related to digital threats, thus offering protection adapted to modern businesses.
✅ Responsive customer service: CFC’s professional services team is regularly praised for its quality service and rapid response, responding to more than 90% of new requests within 24 hours.
✅ Low staff turnover: With a remarkably low staff turnover rate, CFC ensures continuity and in-depth knowledge of its clients’ needs, thus strengthening long-term relationships.
Disadvantages of CFC in business insurance
❌ Limited coverage in general liability insurance: Although CFC excels in cyber insurance and professional liability, it may have gaps in general liability coverage. This could lead businesses to pay for additional coverage from other insurers to protect against revenue losses related to this particular risk.
10- Lloyd’s
Lloyd’s, often called Lloyd’s of London, is a global insurance and reinsurance market, recognized for its ability to cover complex and specific risks. Unlike a traditional insurance company, Lloyd’s functions as a market where various underwriters, grouped in syndicates, accept risks presented by brokers from around the world. This unique structure allows for effective risk pooling and distribution.
Advantages of Lloyd’s in business insurance
✅ Ability to insure very specific risks: Thanks to its market structure, Lloyd’s offers unmatched expertise in covering complex or unusual risks, such as oil platforms, production chains or precious art objects.
✅ Robust financial security: Lloyd’s has a three-level “security chain,” guaranteeing policyholders that valid claims will be compensated. This structure includes syndicate assets, member funds and central assets, including the Central Fund.
✅ International presence: With a presence in more than 200 countries, Lloyd’s offers global coverage, allowing businesses to benefit from insurance solutions adapted to their international needs.
Disadvantages of Lloyd’s in business insurance
❌ Potentially more complex underwriting process: Given that Lloyd’s is not a traditional insurance company but a market composed of multiple syndicates, the underwriting process can be more elaborate.
❌ Potentially higher costs: Due to the specialized nature of the coverage offered, insurance premiums at Lloyd’s may be higher than those offered by traditional insurers, particularly for very specific or large-scale risks.
❌ Service variability according to syndicates: Service quality and speed of claims management can vary depending on the syndicate insuring the risk, which can lead to certain unpredictability for policyholders.
11- Promutuel
Promutuel Assurance is a Quebec mutual company specializing in property and casualty insurance. Founded 170 years ago, it is among the largest property and casualty insurers in Quebec, with annual revenue of $869 million. Its network includes 16 mutual companies and nearly 100 service points across the province.
Advantages of Promutuel in business insurance
✅ Local mutualist approach: As a mutual, Promutuel belongs to its member-policyholders, favoring a community-centered approach and significant local involvement to cover damage cases and find solutions.
✅ Adapted protection offerings: Promutuel offers personalized insurance solutions for various activity sectors, including specific protections such as equipment breakdown and cyber insurance.
✅ Complementary services: Clients have access to the Phare Program, offering a free legal information service, as well as Juripro Insurance, one of the most comprehensive legal insurances on the market.
✅ Advantageous discounts: Savings are possible by combining different insurances (business, auto, home, agricultural) or by taking advantage of specific discounts like the mortgage end discount or multi-location.
Disadvantages of Promutuel in business insurance
❌ Limited presence outside Quebec: Promutuel Assurance concentrates its activities primarily in Quebec. It is therefore not adapted to the needs of businesses having operations or assets outside the province.
How to get a personalized business insurance quote?
Fill in the necessary information to assess your needs
To properly assess your insurance needs, here is the key information to provide:
- Type of business activity
- Number of employees
- Annual revenue
- Equipment and property to insure
- Specific risks related to your activity sector
- Number of clients and their profile
- Claims history (if applicable)
This information will help identify the insurance solutions best adapted to cover your professional risks. It’s important to detail your situation well to get coverage that truly meets your business needs.
Use an expert broker
A broker can help you get truly adapted insurance coverage. For example, our brokers at Gendron Assurance know the offers from different insurers well and will offer you quality service. Their independent advice will allow you to choose the contract that has the most value for your business.
| With an insurer | With a broker |
|---|---|
| Offers limited to one company | Comparison between several insurers |
| General product knowledge | Specialized expertise in the activity sector |
| Standardized service | Personalized advice |
| Sales objective | Objective to find the best solution |
Subscribe to your business insurance
Here are the steps to subscribe to your insurance:
- Gather required documents (e.g., business register, financial statements)
- Fill out the quote request form
- Review the insurance offer with your broker
- Verify that all your activities are well covered
- Sign the insurance contract
- Make the premium payment
Adjust your coverage according to your business evolution
Think about adapting your insurance when:
- Your revenue increases significantly
- You enter new markets
- You acquire new equipment
- Your product/service range expands
- Your workforce grows
- You move or open new premises
Good risk management requires coverage that’s always adapted to your situation. Don’t hesitate to review your contract regularly to ensure it still meets your specific needs, especially after a claim or major changes in your activities.
Subscribe to your business insurance now!
Protecting your business can be complex – and that’s normal. At Gendron Assurance, our experts are here to simplify this process. With our experience of more than 50 years, we offer you tailor-made solutions, adapted to your specific needs.
Contact us today for a personalized quote and discover how we can secure your company’s future.
Frequently asked questions about business insurance companies
Why do business with a broker and not a company directly?
A broker offers you the advantage of comparing several insurance proposals in one place. This resource person analyzes different options available on the Quebec market and presents you with those that truly correspond to your business needs. Unlike agents who represent a single company, the broker works for you and not for the insurer.
Should I subscribe to special insurance for my commercial vehicles?
Absolutely, you must protect your business vehicles with a specific commercial policy. Quebec law requires that any vehicle used for professional purposes be covered by insurance adapted to this particular use. A standard personal auto policy is not sufficient when you transport goods, tools or when you use your vehicle to deliver products. The risks related to commercial use are different and require more extensive guarantees.
How do I adjust my insurance policy if my business evolves?
Communicate quickly with your broker as soon as changes occur in your activities. Acquiring new equipment, hiring additional employees or moving to a larger location are all times when your coverage should be reassessed.
An annual review of your policy is a recommended practice even without major changes. During this meeting, your representative can identify new protections that correspond to the natural evolution of your
