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Liability, property, business interruption: comprehensive protection for SMEs.
IN BRIEF
Business interruption insurance
Business interruption insurance replaces your business income during the reconstruction period after a covered loss (fire, water damage, etc.). Covers fixed costs, salaries, temporary rental.
Duration: typically 12 months, but 18-24 months recommended for sectors with long reconstruction times (specialized restoration, manufacturer). Don’t underestimate this length of time — underinsurance here is deadly.
A fire, major water damage, critical equipment breakdown, or cyberattack can force your business to suspend operations for weeks or even months. The costs don’t stop: rent, salaries of key employees, bank repayments, suppliers. Business interruption insurance compensates for loss of income and ongoing costs during the period of resumption of operations. At Assur360, our AMF-certified brokers build BI protection adapted to your actual financial flows in Quebec.
BUSINESS INTERRUPTION 2026
Protect your revenue during the forced shutdown
Compensation for up to 24 months. Wages, rent, ongoing profits — everything is covered.
Get My QuoteWhat is business interruption insurance?
Business Interruption (BI) is an essential addition to your property insurance. While the property policy reimburses the reconstruction or physical repair, the BI compensates for the loss of income and fixed costs that continue while the business cannot operate normally. Without it, even if your building is rebuilt, your business can close permanently — 40% of SMBs never reopen after a major disaster without BI protection.
What BI Covers During Shutdown
Loss of gross profits
Compensation based on your historical financial statements — expected revenue minus unincurred variable costs. Calculation by chartered accountant.
Salaries of key employees
Maintaining essential personnel during the shutdown — managers, specialized technicians, sales team — to prevent them from leaving for a competitor.
Rent and fixed costs
Rent, municipal taxes, bank interest, basic electricity, insurance — all expenses that continue even during the temporary shutdown.
Temporary installation fees
Rental of temporary premises, replacement equipment, alternative solutions to continue to serve part of the clientele.
Supplier dependency (BI quota)
If your primary supplier suffers a loss that deprives you of supply, your losses are compensated — even if your business is not directly affected.
Customer dependency (BI quota)
If a major customer accounts for more than 30% of your revenue and suffers a claim, BI compensates for the loss of revenue while they are out of service.
How the Compensation Period Works
Claims and reporting
A covered event (fire, water damage, theft) occurs. You immediately declare to your insurer and to Assur360.
Time deductible (7 to 14 days)
BI begins after a deductible in days (generally 72 hours to 7 days). Chosen according to your ability to absorb a short interruption.
Compensation period (6-24 months)
The insurer pays monthly the loss of profits and ongoing costs during the resumption of operations. Your accountant documents the amounts.
Return to normal
Compensation ends when the business returns to its pre-disaster level of activity — not just the physical reopening.
Choose 12 vs 24 months
Most SMEs choose 12 months. But if your business depends on specialized equipment with long lead times (manufacturing, hospitality, catering) or if you have a critical season, 24 months is highly recommended — a restaurant that burns down in November may miss out on the summer seasons.
Business interruption insurance rates Quebec 2026
| Annual | turnoverPeriod 12 months | Period 24 months | PD+BI combo surcharge |
|---|---|---|---|
| 500,000 | $800 to $ | 1,500$1,300 to $ | 2,400-15% approx. |
| $500,000 to $ | 2 million$1,500 to $ | 4,000$2,400 to $ | 6,400-15% approx. |
| $2 million to $ | 10 million$4,000 to $ | 12,000$6,400 to $ | 19,000-15% to -20% |
| More than $ | 10 millionTailor-made | Tailor-made | -20% and more |
*Indicative prices for 2026, vary by sector (catering and manufacturing = increased premium). Exact quote in 3 minutes.
Cyber BI: Protect yourself against digital interruptions
In 2026, cyberattacks (ransomware, data leaks, denial of service) are forcing Quebec SMEs to suspend their operations for weeks. Traditional BI does NOT cover interruptions caused by a cyber event — you need separate Cyber Business Interruption coverage, often included in a comprehensive cyber policy.
Beware of pandemic exclusions
Since COVID-19, most BI policies explicitly exclude government pandemics and quarantines. An administrative closure order does not trigger standard BI. Check the exclusions of your contract carefully with your broker.
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Does your current BI cover 24 months?
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Review my coverageRegions served in Quebec
Assur360 advises companies in all regions of Quebec on business interruption — Montreal, Quebec City, Laval, Gatineau, Sherbrooke, Trois-Rivières, Saguenay, Thetford Mines, Longueuil, Drummondville, Rimouski, Rouyn-Noranda and all RCMs. Our commercial brokers know the particularities of the sector — manufacturing in Beauce, technology in Montreal, tourism in the Eastern Townships and Charlevoix.
Related Articles and Pages
Comprehensive business insurance
Property, liability, BI — everything an SME needs to insure.
Cyber Risk Insurance
Covers cyber BI, data leakage, ransomware.
Equipment breakdown
Complementary protection for critical machines.
Commercial General Liability
Protection against lawsuits from third parties and customers.
Frequently asked questions — Business interruption
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Protect your revenue continuity
Operating losses 6-24 months. Free review of your current coverage.
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