SME Insurance Secure the future of your business
SMEs are the engine of the Canadian economy.
At Covalen, we turn your challenges into opportunities with our insurance expertise.
Our customized solutions cover everything from liability to cyber risks, protecting your entrepreneurial vision. By entrusting us with your risk management, you can focus on what matters most: the growth and success of your business.
Why choose Covalen to insure your SME?
Canadian SMEs face significant challenges: rising costs, a shortage of skilled labour, and technological adaptation. Economic uncertainty and supply chain disruptions complicate their planning.
In this context, effective risk management and appropriate insurance are crucial to the resilience and growth of SMEs.
Choosing Covalen to insure your SME means opting for the following :
Our in-depth knowledge of Canadian SMEs' challenges enables us to offer targeted advice.
We tailor each insurance policy to your company's needs.
Our dedicated team is with you at every step, from risk assessment to claims management.
We cover everything from third-party liability to emerging cyber risks.
We put your interests first as an independent broker.
Protect the development of your SME
Five essential insurance coverages available to you
This essential insurance protects your business against third-party claims for bodily injury or property damage. It also protects your financial assets and professional reputation.
Secure your company's physical assets, including buildings, equipment, inventory and other property. This coverage offers protection against risks such as fire, theft and water damage.
Maintain the financial stability of your SME in the event of unforeseen business interruption. This covers loss of income and additional costs, facilitating rapid resumption of operations.
Protect your business against growing digital risks. This specialized coverage offers protection against cyber-attacks, data breaches and their financial consequences.
With Covalen, enjoy the peace of mind you need to focus on growing your business.
Contact us today for a free consultation
What are the main challenges facing SMEs today?
Protect your SME's development in the face of common challenges. Limited resources, increased competition, and administrative complexity are major obstacles for SMEs. Secure your growth with the right insurance.
How can insurance help with the challenge of limited resources?
The right insurance can protect your existing resources and help you manage financial risks. For example, business interruption insurance can provide crucial support in unforeseen circumstances, enabling you to maintain your operations despite limited resources.
Why is insurance relevant in a highly competitive environment?
Good insurance coverage lets you focus on your core business and innovation rather than worrying about potential risks. Moreover, some policies, such as cyber insurance, can give you a competitive edge by protecting your digital assets.
How can insurance ease administrative complexity for SMEs?
A good insurance broker can significantly simplify the management of your insurance policies. They can help you navigate regulatory requirements, manage renewals and handle claims, reducing the administrative burden of managing your company's risks.
Evaluate your specific risks, consult a broker specializing in commercial insurance and make sure the coverage matches your unique needs.
It covers loss of income and ongoing expenses in the event of forced interruption of your business due to a covered loss, such as fire or natural disaster.
If you handle customer data or depend on computer systems, cyber insurance is highly recommended to protect against cyber-attacks and data breaches.
A policy combines several essential coverages for small and medium-sized businesses, typically including commercial general liability, property insurance and business interruption in a single contract.
Opt for higher deductibles, implement risk prevention measures, bundle your policies and regularly reassess your coverage needs.
Yes, standard home insurance generally does not cover commercial activities. To protect your home-based business, you need a separate commercial insurance policy.