Business insurance Saskatchewan

Get reliable insurance for your business, tailored by BrokerLink.

Businesses in Saskatchewan are not immune to risk. A severe storm in Regina can close down streets and damage storefronts. A power outage in Saskatoon can interrupt production for hours. Across the province, whether it’s a farm outside Moose Jaw or an office in Prince Albert, business owners face many of the same headaches, including theft, property damage, liability claims, and equipment breakdowns.

Here in Saskatchewan, small businesses are at the heart of it all, making up nearly 99% of enterprises and employing close to half of the provincial workforce. From family farms to repair shops to new tech ventures, these businesses are what help our communities keep running and economies keep growing. And business insurance is what helps ensure those efforts are not undone by sudden setbacks.

BrokerLink compares rates from a wide range of providers, ensuring you get the best deals available.

What is Saskatchewan business insurance?

Running a business in Saskatchewan means having to deal with a little bit of everything. One week, you might be chasing down suppliers, and the next, you’re patching up storm damage or fixing equipment that gave out at the worst possible time. If you have a business insurance policy, it can help you manage those unexpected surprises so that one bad day doesn’t throw your entire operation off track. Depending on what you choose, your policy might cover:

Repairs if your property or equipment is damaged
Replacements if your property or equipment is stolen
Liability costs if a customer or visitor gets hurt
Lost income if you’re forced to shut down temporarily
Work vehicles damaged in an accident

Commercial insurance is generally built around the way you actually work. For instance, a mechanic in Swift Current, a family farm near Weyburn, and a café in North Battleford all face different types and levels of risks, and BrokerLink will tailor your coverage to reflect that, helping you protect what matters most to your operation.

Who we help

From farms near Swift Current and storefronts in Yorkton to workshops in North Battleford and tech offices in Regina, Saskatchewan businesses take many different forms. No two look the same, and neither should their insurance.

Across Saskatchewan, all types of businesses share the same need for protection, including:

Retail stores
Commercial landlords
Home-based businesses
Contractors and trades
Charities and non-profits
Restaurants and food trucks
Freelancers and consultants
Health and wellness providers
Tech startups or SaaS providers
Agribusinesses and farm operations
Manufacturing and transportation companies

Why do you need business insurance in Saskatchewan?

Every business owner in Saskatchewan knows hard work is only part of the story. Contracts, suppliers, employees, and even customers bring their own layers of risk. One disagreement over a project, one slip on a shop floor, or one delayed shipment can trigger costs that quickly spiral beyond what most owners keep on hand.

Severe weather is also getting pricier to recover from. For instance, 2024 set a national insured-loss record of $8.5 billion, with the Prairies heavily impacted by storms and hail. In the same year, Saskatchewan’s Crime Severity Index measured 153.85, among the highest provincial levels reported by Statistics Canada.

Then you have liability risks like a customer slipping in your store or a product you sold causing third-party property damage or bodily injury. Plus, fires, vandalism, theft, or severe storms can all cause damage to equipment, inventory, or even the building itself.

Types of coverage for business owners in Saskatchewan

Every Saskatchewan business faces its own mix of risks, shaped by the work you do and where you do it. This means that the types of coverage you need may not be the same as the commercial business next door. Further, some businesses may need specialized coverage, like builder's risk for contractors or livestock insurance for farmers.

Mandatory

Optional

Generally, commercial general liability (CGL) insurance is essential for all businesses. It protects you if a client, supplier, or visitor is injured on your property or if you accidentally damage their property. It covers your legal fees and potential settlements, as well as their medical or repair costs. For some businesses, CGL insurance may be mandatory for things like contracts and licensing.

Also called errors and omissions insurance, this protects service-based businesses that offer professional services if a client claims your advice or work caused them financial harm. It's there to help you with the cost of defending yourself in court or settling claims. For some businesses, particularly those in the medical field, carrying professional liability insurance may be mandatory.

Things like your building, inventory, and equipment are essential to your business. Commercial property insurance helps protect them if they are stolen or damaged by insured risks, such as fire, water, severe weather, theft, and vandalism.

Even if your building and assets are covered, unplanned downtime can really affect your finances. Your business interruption coverage can help you with lost income, payroll, and ongoing expenses when an insured event forces you to shut down temporarily.

Basic plate insurance through SGI is mandatory in Saskatchewan. But if your business relies on vehicles, you may need more than just basic coverage. Commercial vehicle insurance helps cover accidents, repairs, and liability when you or your employees are driving for work.

Even with cameras, locks, and alarms, businesses in Saskatchewan still face the risk of theft, fraud, or employee dishonesty. Crime insurance can help you recover financial losses from things like forgery, embezzlement, and stolen products or equipment. It can also include losses tied to forgery, fraud, or stolen cash while it's in transit.

With most businesses now relying on digital records and cloud storage, cyberattacks and data breaches are a risk that no industry is immune to. Cyber insurance helps cover the costs of recovering your systems, notifying clients, handling legal fees, and even providing credit monitoring if sensitive information is exposed.

It's not just severe storms, burst pipes, or electrical fires that cause damage. When a key piece of equipment fails because of a mechanical or electrical breakdown, this coverage helps with repair or replacement costs.

If you rent your business space, you're typically responsible for damage you accidentally cause to the property. Also known as commercial tenant insurance, your tenant legal liability coverage helps with repair costs if you cause damage to your rented unit by a covered event, such as fire, water, or smoke.

Board members and executives sometimes face personal liability for the decisions they make on behalf of an organization. Directors and officers (D&O) insurance helps protect their personal assets by covering legal defence and settlements if they're sued for alleged mismanagement or breach of duty.

Businesses that work with fuel, chemicals, or other pollutants carry their own special risks. Environmental liability insurance is there to help cover cleanup costs and regulatory fines, as well as any third-party claims tied to pollution incidents.

Employment practices liability insurance gives your business backup when workplace issues turn into legal claims. If an employee says they were harassed, discriminated against, or unfairly let go, this coverage helps with the costs of hiring a lawyer, handling investigations, and paying settlements.

Large claims don't always stop at the limits of a primary policy. That's why some business owners add umbrella coverage to give their business an extra layer of liability protection when significant losses exceed their standard limits.

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Why BrokerLink

Discover what sets BrokerLink apart. Our commitment to personalized service, expert advice, and comprehensive coverage options ensures you get the best protection tailored to your needs.

Our Saskatchewan Reviews

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Greg Silver

Excellent service, rates and customer service. Highly recommended.
Andy Rohansingh

Very easy to do business with this company. They handle all of my past, current and will be doing my future vehicles also. They listen and get you the insurance that you want and need.
Ian Roome

I've always had a great experience with their agents/brokers when I've had questions about my policy. Agents are always polite, professional and able to answer my questions.
Clara Furlano

Honestly, they have the best advisors. Ones who take their time to understand your insurance needs.
Joyce Kivuyo-Kisamo

I have been with BrokerLink for over 5 years and have never been disappointed; my issues have been always solved promptly and efficiently, they even found me a cheaper motor insurance with same qualit...
Terry Mason

I find Brokerlink to be better priced than most of their competitors. I have received good, prompt advise and always deal with a live agent.
Sandi G

Excellent, hands-on, personable service. I feel like I haven't had a broker like this, in a long time
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The best client experience!!! Honest, genuine, professional. They explain AND LISTEN! Trust no one else ❤️
Anne Langevin

What a wonderful place of friendly workers always with smiles and happy to help. She sure did wonders on savings me and my hubby on our house and garage insurances next is our vehicles in a couple o...
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"I had a wonderful experience with Broker's intact at the Calgary branch of BrokerLink. They were incredibly patient and took the time to explain the differences between my old policy and the new one...
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Very nice people here, a welcoming feel, some nice plants, and very helpful and pleasant brokers
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BrokerLink was fantastic to work with! Excellent communication, they answered all my questions and concerns, and were always very prompt with their responses. I highly recommend their service!
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Always a pleasure to communicate with. Awesome service as always. I would definitely recommend them! Thanks for being there to help when needed!
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The people I have dealt with are always very helpful and quick with answers to my questions and/or changes to my policy.
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My experience with broker link has been very positive one of the best experiences I've actually ever had with the insurance company my representative was very knowledgeable very understanding and I wo...
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Your price for my insurance is the best overall and the service for handling my problem was great.. I am a very satisfied customer and I recommend Broker Link with anyone.
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Friendly staff very quick turnaround with assistance anytime I’ve ever needed it. I feel very well taken care of by my insurance company.

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Factors that help determine your business insurance rates

Every business insurance policy is priced on risk. Here’s what Saskatchewan insurance companies pay close attention to, and why it can nudge your premium up or down.

Your business's location within Saskatchewan

Areas with higher crime or more filed claims tend to come with higher insurance rates. In 2024, Saskatchewan’s 2024 Crime Severity Index (CSI) was 153.9, among the highest provincial levels and almost double our country's average.

But within that ranking, cities like North Battleford and Prince Albert ranked among the highest, meaning businesses in those areas would likely experience higher insurance rates than those with lower CSI rankings, such as Dalmeny or Weyburn.

Your local weather risks

Prairie weather is not unknown to shut a business down, and fast. Canada set a record $8.5 billion in insured severe-weather losses in 2024, with severe storms in Saskatchewan a significant contributor, so wind, hail, and flood exposure will likely be priced into your rate. And if your business is located in a low-lying area, it may increase your risk of flooding even further, meaning insurers may raise your rates even more. We also can't forget how drought hits the province hard and often, leading to destructive wildfires.

The type of business you own

A welding shop, a café, a bookkeeping business, and a software firm all carry different levels of risk. Things like higher foot traffic, hot work, food service, or professional advice all affect how much liability and property risk they have. Insurance companies rate each industry accordingly, which is why two “small businesses” on the same block can have very different premiums.

Type and value of your property and assets

An older building with dated wiring or a roof that has seen better days is typically more likely to run into problems than a newer building that's more likely to be up to code. A higher risk of problems equals a higher risk of damage, meaning insurance companies are more at risk of having to pay out for a claim. And if you own high-value equipment or a heritage storefront in Yorkton, your insurer also has to factor in how expensive it would be to repair or replace those things, too.

Your annual revenue

The busier your business is, the bigger your risk pool generally is. When you have more customers, more contracts, and more shipments, you also have more chances for something to go wrong. As your revenue increases, insurance providers usually suggest higher coverage limits so that you’re properly protected at the scale you’re operating.

Your risk mitigation strategies

Insurance companies love to see a business that's being proactive. Adding things like monitored alarms, sprinklers, or even cybersecurity training for your staff shows you're taking loss prevention seriously by managing your risks, and your provider may reward you with a discount on your premiums.

Your chosen coverage

The more coverage options you add, the broader your protection gets. Of course, each add-on is likely to raise your overall cost, but it also helps close more gaps that could have led to costly insurance claims.

Your claims history

A clean claims history tells insurers that you’re less likely to file, and they often reward that with lower rates. However, a history of frequent claims, even small ones, can put you into a higher risk category and drive your premiums up.

How does your business insurance deductible affect your monthly cost?

Your deductible is the amount that you agree to pay out of pocket when you file a business-related claim before your insurance kicks in to cover the rest. The higher your number is, the lower your monthly bill usually is. But if you select a lower deductible, you’ll likely pay more each month.

Higher deductible = lower premium
Lower deductible = higher premium

Insurance companies set insurance premiums based on the level of risk. When you choose a higher deductible, you’re taking on more of that risk yourself. This means that if something happens to your business, you’ve agreed to pay a larger portion of the damage before your insurance company steps in. And since you've agreed to pay more upfront, it means the insurer is less likely to be on the hook for covering smaller claims, so they thank you by charging less each month.

Example of how deductibles can affect your monthly premium

Let's say you have a $2,000 deductible. One evening after closing, someone breaks into your retail shop and steals the $1,000 cash float from your till. Since that's less than your deductible, you take the loss instead of filing a smaller claim. By not filing a claim, you get to keep your claims-free discount.

Basically, the deductible you choose shows how much of the financial responsibility you’re comfortable carrying yourself versus handing it off to your insurer. Just make sure to choose an amount you could realistically handle covering on short notice.

Contact BrokerLink today

At BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.

Connect with us today to start your free business insurance quote. You can reach us by phone, email, or in person at any one of our locations throughout Saskatchewan. No matter how you choose to get in touch, a BrokerLink insurance broker will be happy to assist you. We also encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.

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Business insurance Saskatchewan FAQs

Is business insurance mandatory in Saskatchewan?

Not always. Some industries, like healthcare or transportation, require specific coverage by law. In most other cases, it's not mandatory, but lenders, landlords, suppliers, or even clients may insist on proof of coverage before they sign a contract.

Do I need business insurance if I operate from my home?

Generally, yes. Standard home insurance usually doesn't cover business activity, so if clients visit, you keep inventory, or you use specialized equipment, a home-business endorsement or separate policy can make sure your business is protected.

Can I still get business insurance coverage if I work part-time or seasonally?

Yes. Many insurers offer flexible options for seasonal or part-time operations, like tourism outfits or snow removal services. Typically, your coverage can be tailored around your busiest months.

How much is insurance for a small business in Saskatchewan?

It varies. Premiums depend on your industry, location, coverage limits, and other risks. To get an accurate estimate of how much you'll pay, request a free quote or contact a local broker.

Does Saskatchewan business insurance cover cyber attacks?

Only if you add cyber insurance. It helps with things like data recovery, legal fees, and client notifications after a breach.

Is farm insurance the same as business insurance?

Not exactly. General business insurance typically focuses on things like liability, property, and income protection, while tailored farm insurance will likely be built to also cover farm-specific risks, like your crops, livestock, and expensive farming equipment.

Is business insurance mandatory in Saskatchewan?

How much is insurance for a small business in Saskatchewan?

It varies. Premiums depend on your industry, location, coverage limits, and other risks. To get an accurate estimate of how much you'll pay, request a free quote or contact a local broker.

Do I need business insurance if I operate from my home?

Does Saskatchewan business insurance cover cyber attacks?

Only if you add cyber insurance. It helps with things like data recovery, legal fees, and client notifications after a breach.

Can I still get business insurance coverage if I work part-time or seasonally?

Yes. Many insurers offer flexible options for seasonal or part-time operations, like tourism outfits or snow removal services. Typically, your coverage can be tailored around your busiest months.

Is farm insurance the same as business insurance?

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Business insurance Saskatchewan

What is Saskatchewan business insurance?

Who we help

Who needs business insurance in Saskatchewan?

Why do you need business insurance in Saskatchewan?

Types of coverage for business owners in Saskatchewan

Commercial general liability insurance

Professional liability insurance

Commercial property insurance

Business interruption insurance

Commercial auto insurance

Crime insurance

Cyber insurance

Equipment breakdown insurance

Tenant legal liability insurance

Directors and officers insurance

Environmental liability insurance

Employment practices liability insurance

Umbrella liability insurance

Commercial general liability insurance

Professional liability insurance

Commercial property insurance

Business interruption insurance

Commercial auto insurance

Crime insurance

Cyber insurance

Equipment breakdown insurance

Tenant legal liability insurance

Directors and officers insurance

Environmental liability insurance

Employment practices liability insurance

Umbrella liability insurance

Why BrokerLink

Our Saskatchewan Reviews

Greg Silver

Andy Rohansingh

Ian Roome

Clara Furlano

Joyce Kivuyo-Kisamo

Terry Mason

Sandi G

DANI L

Anne Langevin

Peter Ayo

Chris Gelowitz

Digital Evolution

renee king

Andrea Case

Dan Hayes

Rana Najar

Mark Houston

Katherine Bedea

Jessie hansra

Ifedapo Adeniyi

David Ford

Michelle Hawgood

Trevor Hildebrand

Morgan Adekeye

Tyler Frisby

Steven Melowsky

Steve Payne

Matt & Sav Weetman

Brooklyn Seweryn

Craig Gillis

Cheryl Trush

Jinene Shinnicks

Geoff Aiken

Tony Hynes

Christine Fedrau

amanda

Lori Coffey