For businesses and non-profit groups in Canada, having the right insurance is essential to surviving and thriving in a world that is full of opportunity, but also full of risk. The right type and amount of insurance will provide some financial peace of mind to organizations navigating their way through the sometimes-complex world of business. For example, in a society that is turning more and more often to the legal system to settle conflicts, insurance that protects an organization and its employees and/or volunteers from lawsuits  is more important than ever.

Businesses, non-profits and charities all purchase or consider the purchase of insurance as part of good management practices. In larger organizations, risk managers are continually evaluating various risks to the organization and implement programs to reduce and manage those risks, and purchase insurance to backstop remaining exposures. Smaller organizations may depend to a greater extent on the advice of insurance specialists to help identify those risks and select insurance to help ameliorate the losses should they occur.