87%
of respondents said they experienced a significant business change over the past year including purchasing new equipment, investing in new technology, or entering new markets.
55%
revealed they could not cover an unexpected expense if the expense exceeded $10,000, without assistance.
Did you know?
Nearly one in four Canadian small businesses operate without insurance despite growing risks and financial pressures, according to a survey from TD Insurance (TDI).
According to the survey, small business owners that are insured are more likely to report feeling positioned to grow and succeed when compared to business owners who do not have insurance.
Confidence to grow