Easier Business Insurance Solutions: LMBF Commercial Insurance

Running a business exposes you to risks that you may not otherwise face in your ordinary day-to-day life. It’s just a fact of life: being a business owner is inherently risky. That doesn’t mean you need to sit back and hope nothing bad ever happens. Business insurance offers a wide range of protections for various types of commercial enterprises and organizations, protecting properties, equipment, commercial vehicles, unexpected interruptions, and liability. Because businesses exist in all sizes and scales, commercial insurance policies should never come as a “one-size-fits-all” type of deal. LMBF makes sure that every business gets unique covered tailored to its specific needs.

Commercial Lines Insurance - What it Covers



Assuming your business operates out of a brick-and-mortar property, that building needs to be covered as well. Fire, hail, and wind are all prevalent risks to your business and its equipment. The same goes for any commercial vehicles your business may utilize. Commercial property insurance can cover your property and assets from a wide range of potential exposures.



Businesses face liability risks like no family or individual does, largely due to the fact that they deal with a large number of clients and other third parties on a daily basis. If a dissatisfied customer sued, you could be on the hook for some serious costs - whether or not their accusations were true or not. Your business insurance coverage offers liability protection.



Depending on your business insurance coverage options, your policy may include coverage for covered losses causing interruptions and can reimburse you for expenses such as payroll, loss of revenue, ongoing bills, rent, and so on. Business interruption insurance can ensure your business is able to reopen its doors following an unexpected loss.

  What business insurance covers
  • Commercial property
  • Commercial liability
  • Unexpected events
  • Interruption
  What business insurance excludes
  • Undocumented income
  • Intentional damages
  • Maintenance damages
  • Flooding and earthquakes

Is business insurance in Canada mandatory?

Business insurance in Canada is only mandatory for some industries, whereas for others it is highly recommended. All businesses should carry insurance - even small businesses. Insurance for commercial enterprises is a small added cost next to what it could take to financially recover following a liability loss, devastating natural event, break-in, or other event causing loss. Simply put, commercial insurance is something many organizations cannot do without. In some cases, clients will refuse to work with businesses that cannot show proof of insurance, and some industries may be legally required to carry professional liability insurance.

Sectors We Serve Business insurance

Due to the wide range of industries that exist and the individual way that every organization runs, the type of coverage your business requires may not be the same as the “next business over.” Depending on the sector you operate within, your coverage needs can vary. Below is a list of some of the industries that we serve commercial insurance. If you do not see your industry or line of business below, discuss with a broker from LMBF to see the options we can provide to ensure that your business gets the best protection it needs.
Financial Industry


  • Banks
  • Wealth management
  • Brokerages
  • Cooperatives
More info
Jewelers Insurance

Jewelers Insurance

More info
Real Estate Industry

Real Estate

  • Agents
  • Developers
  • Property management
  • Storage & warehousing
More info
Construction Industry


  • Renovation
  • Roofers
  • Basement developers
  • Electricians
  • Plumbers
More info
Maintenance Industry


  • Autobody
  • Repairs
  • Garages
More info
Education Industry


  • Teachers
  • Online training
  • Technical education
  • Universities
More info
Manufacturing Industry


  • Bakeries
  • Breweries
  • Auto parts
  • Aircraft & aerospace
More info
Transportation Industry


  • Cargo handling
  • Airports
  • Freight rail
  • Taxi
  • Pipeline
More info
Organizations Industry


  • Non-profits
  • Charities
  • Fundraisers
More info
Agriculture Industry


  • Farmers
  • Livestock
  • Crops
More info
Entertainment Industry


  • Gyms & fitness
  • Amusement and theme parks
  • Libraries
  • Theatres
  • Casinos
More info
Healthcare Industry


  • Occupational therapy
  • General physicians
  • Optometrists
  • Physical therapists
  • Psychiatrists
More info
Retail Industry

Retail Industry

  • Fraud
  • Dishonest actions
  • Reputational injury
More info
Hospitality Industry


  • Event planning
  • Travel
  • Tourism
  • Hotels
  • Lodging
More info
Publishing Industry


  • Magazines
  • Graphic novels
  • Music
  • Software
  • Newspapers
More info
Personal Care Industry

Personal Care

  • Assisted living
  • Nursing homes
  • Salons
  • Daycares
More info
Wholesale Distribution Industry

Wholesale Distribution

  • Bakeries
  • Machinery
  • Autobody parts
  • Software & tech
More info
Professional Services Industry

Professional Services

  • Consultants
  • Financial advisors
  • Life coaches
More info
Surety Bond

Surety Bond

  • Construction
  • Contractors
More info

Our Commercial Insurance partners

Businesses work hard to get themselves off the ground and start generating success in the complex world of commercial enterprises. LMBF partners only with the best commercial insurance carriers to ensure that, when we help shop around for a business insurance quote, that you only ever receive options with coverage that matches your needs for a price that won’t break your budget. Whether you need small business insurance or any specialized option, we are confident that we can help you find a match from our partners.

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Want to Get Started on Your Commercial Insurance? Start with a Business Insurance Quote.

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Business Insurance in Canada: Frequently Asked Questions

A: Not always, but even if business insurance is not required by the industry you operate within, it is still highly recommended that you acquire some base level of coverage. In many industries, clients will refuse to work with businesses that cannot provide proof of insurance. Additionally, without coverage, you may not be able to recover following an unexpected loss.

A: Every business may require different types of business insurance. If you are confused, don’t worry - determining your best commercial insurance solutions is what LMBF excels at. For suggestions or if you need any of your questions or concerns addressed, discuss with an LMBF commercial insurance broker.

A: Business interruption insurance kicks in should you suffer a loss where your business must temporarily close - such as a fire or a storm that causes your business property to be uninhabitable for a few weeks while repairs are being done - and reimburses you for ongoing expenses during this time. This means employee wages, bills, rent, and more.

A: Commercial insurance costs range vastly depending on your exact business, the coverage you have, your business size, industry, its average revenue, how many staff it has, and more. It’s impossible to give commercial insurance an overall average price, but you can be sure that it is a lot less than what it might cost your business to have to recover following a tremendous loss.

A: Commercial property covers your physical building in addition to any private, detached structures, signage, landscaping, etc. - and your contents, like your furniture, office supplies, inventory, etc. Covered perils generally include fire, theft, vandalism, hail, and more. Depending on your location and provider, you may be able to tack on earthquake and flood insurance.

A: If you use your vehicle for commercial purposes, such as transporting clients, goods, or doing deliveries, you need commercial insurance. Many delivery companies will offer commercial insurance as part of their policy, but some will require you to acquire separate commercial insurance. Discuss with your broker if you use your personal vehicle to deliver food or for any other commercial usage.