Tailored coverage for small and medium-sized businesses across Newfoundland and Labrador, and Nova Scotia; from home-based startups to established storefronts.
Partnerships With Over 15 leading Canadian Insurance Providers
Customers love choice. And they love saving too! At Munn Insurance, we deliver on both. As an independent insurance broker, we shop our extensive network of insurance partners to provide our customers with choices to provide the best coverage at the best rate. Some of the insurance companies we search for our customers include:
What’s Included in Small Business Insurance?
A comprehensive small business insurance policy is designed to protect your business against the specific risks that come with serving customers, managing inventory, and operating in your industry. Coverage typically includes the following three core protections:
Commercial Property Insurance
Commercial Property Insurance protects the physical assets your business depends on such as your building, contents, stock, and equipment. If an insured loss such as a fire, break-in, or severe weather event damages or destroys your business property, Commercial Property coverage pays to repair or replace it so your business can recover. For most small businesses, this is the starting point of any commercial insurance program.
Commercial General Liability (CGL)
Commercial General Liability insurance is the foundation of any small business insurance program and is required under many commercial leases, supplier contracts, and client agreements. It protects your business if a third party suffers bodily injury or property damage connected to your business operations. A customer slipping on your premises, accidental damage during a service call, or an incident at a client’s site, CGL covers your legal defence costs, medical expenses, and any damages awarded up to the policy limits so your business doesn’t absorb the cost alone.
- Completed Operations Liability: When your business provides installation, assembly, repairs, or any kind of service alongside its products, your liability doesn’t end when the job is finished. Completed Operations Liability covers claims that arise after your work has been completed — if a customer suffers loss or injury as a result of work your business did, this coverage responds even after the transaction is closed. For tradespeople, contractors, retailers who offer installation, and any service business with hands-on work, this is a critical and often-overlooked protection.
- Coverage for Products: If a product your business sells, distributes, or supplies causes harm to a customer, your business can be held liable — even if you didn’t manufacture the item. Products liability coverage protects your small business against claims arising from goods that fail, cause injury, or are found to be defective after they leave your hands. Whether you sell physical goods in a storefront, supply materials through a trade, or distribute products as part of a broader service, this coverage responds to claims that could otherwise be financially devastating.
Business Interruption Insurance
If an insured event — a fire, significant water damage, or a weather-related incident forces your small business to close temporarily, Business Interruption Insurance reimburses the income you lose and the fixed overhead expenses that keep running while your doors are shut: rent, utilities, payroll. In Atlantic Canada, where severe weather is a year-round reality, this coverage is a practical safety net that keeps your finances stable while you get back on your feet.
Additional Coverage Options
Cyber Liability Insurance
Any small business that processes customer payments, stores client information, or depends on digital systems to operate faces cyber risk. If your business is hit by a data breach, ransomware attack, or cyber fraud, Cyber Liability Insurance covers the costs of responding — including notifying affected customers, credit monitoring, legal advice, and reputation management. For businesses that accept digital payments or hold personal information, this coverage is increasingly essential and is no longer limited to large corporations.
Errors and Omissions (E&O)
If your business provides professional advice, recommendations, or expert guidance — and a client suffers financial loss as a result — an Errors and Omissions claim can follow. E&O coverage protects your small business against allegations that your professional services, advice, or work caused harm, paying for your legal defence costs, settlements, and any damages awarded up to the policy limits. For consultants, advisors, health and beauty professionals, tradespeople, and any service business where clients pay for your expertise, this is one of the most important coverages you can carry.
Who Needs Small Business Insurance?
Small business insurance provides the protection your operation needs if you or an employee is ever named in a claim or lawsuit. Whether you operate from your home, rent a commercial space, or run a service business across multiple client sites, Munn can build a policy that fits your business. Some of the small businesses we insure include:
Already Insured? It Might Be Time for a Second Opinion.
Many Atlantic Canada small businesses haven’t reviewed their insurance coverage since they first launched. Your business has likely changed since then — new services, higher revenue, more employees, new equipment, or a new location. Your insurance policy should keep pace with the business it’s protecting.
At Munn, we offer a no-obligation renewal review for small and medium-sized businesses.
Our commercial brokers will assess your current coverage limits, exclusions, and premiums against the market to identify whether you’re paying too much, carrying the wrong limits, or missing coverage you didn’t know you needed.
Contact Marcel at [email protected] Or toll free at 1-855-726-8627
Real people.
Our customers love to save.
Frequently Asked Questions about Small Business Insurance
Generally, no — and this is one of the most common coverage gaps for Atlantic Canada small business owners. A standard home insurance policy is designed to cover your personal property and personal liability. Business equipment, business inventory, and liability arising from business activities conducted in your home are typically excluded or subject to very low sublimits.
A small business insurance package typically starts with these core coverages:
- Commercial General Liability (CGL): Covers third-party bodily injury and property damage connected to your business operations — a customer injured on your premises, accidental damage at a client’s site, and similar incidents.
- Commercial Property Insurance: Covers your building, business contents, stock, and equipment if damaged or destroyed by an insured loss such as fire, theft, or severe weather.
- Business Interruption Insurance: Reimburses lost income and fixed overhead expenses if your business is forced to close temporarily due to an insured loss.
Depending on your business, you may also need:
- Errors and Omissions (E&O): A separate policy that covers claims alleging your professional advice, recommendations, or services caused a client financial harm. Typically required for consultants, advisors, and service businesses where clients pay for your expertise.
- Cyber Liability Insurance: Available as a standalone policy or add-on, covering costs from data breaches and cyber attacks — client notification, credit monitoring, legal advice, and reputation management. Important for any business that stores customer data or accepts digital payments.
The cost of small business insurance varies based on several factors:
- Your industry and the nature of goods or services you provide
- Annual revenue and number of employees
- Whether you operate from a commercial space, a home office, or multiple locations
- The value of your stock, contents, and equipment
- Coverage limits and deductibles selected
- Your claims history
As an independent broker, Munn shops your coverage across 15+ Canadian insurers to find the most competitive rate for your business. Already covered? We can also review your current policy to see if you’re getting the best value at renewal.
Small business insurance is a commercial insurance package designed to protect small and medium-sized businesses against the financial consequences of the risks they face day to day. Unlike a personal insurance policy, small business insurance is built around the specific exposures that come with operating a business: serving customers, managing physical assets, providing services, and employing staff.
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