Small Business Insurance & Group Benefits Canada
Running a small business comes with financial risks that can affect your company, employees, and family. Licensed insurance professionals can help you protect your business and plan for the future with tailored solutions, including small business life insurance, key person insurance, and comprehensive group benefits.
Business Life Insurance
Business life insurance protects your company and personal interests. It is often used to fund buy-sell agreements, ensuring surviving partners can purchase a deceased partner’s share. Key person insurance protects critical employees whose loss could impact operations, revenue, and company stability. Coverage options include term life insurance for temporary protection, permanent life insurance with lifelong coverage and cash value, and universal life insurance combining coverage with investment flexibility.
Group Insurance & Employee Benefits
Group insurance covers multiple employees under a single policy, often as part of an employee benefits package. Benefits include health insurance, dental and vision care, life insurance, disability coverage, and accidental death & dismemberment (AD&D). Shared risk lowers premiums, simplified eligibility often requires no medical exams, and contributions can be shared between employer and employee with tax advantages. Offering robust group benefits helps attract and retain top talent while providing financial security for employees and their families.
Supplementary Health Insurance in Canada
Canada’s universal healthcare covers doctor visits, hospital care, emergency services, some preventive care, and limited mental health services. However, supplementary health insurance fills gaps for services not fully covered, such as prescription drugs, dental care, vision care, paramedical therapies, private hospital rooms, and ambulance services. Supplementary coverage provides financial protection, faster access to care, and peace of mind for families.
