GuideCyber
What Cyber Insurance Actually Covers for Canadian Businesses (and What It Doesn't)
Ransomware, business interruption, breach notification and the security controls insurers now expect before they will quote.
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Mid-Market
Built for businesses that have outgrown their broker.
Multi-province operations. Layered liability. Boards, lenders, and investors asking harder questions. Summit builds and manages structured insurance programs for established Canadian-domiciled companies — coast to coast.
Gap and exclusion report within one business day. Small business options within the hour.
Coast to Coast
One broker. Every province your business operates in.
Growing companies shouldn't need a different broker in every region. Summit is licensed from the Pacific to the Atlantic, so a single account team can structure, place, and service your program wherever your locations, projects, and people are.
View our provincial licencesLicensed
Coverage via partner network
Capacity
The market access a complex program needs.
Summit Commercial Solutions is an independent commercial insurance brokerage and Lloyd’s coverholder, licensed coast to coast with the exception of Quebec, protecting more than $2 billion in client revenue across Canada. Summit places property, liability and excess towers, D&O, cyber, crime, marine, environmental and group benefits programs with 60+ domestic carriers, specialty MGAs and Lloyd’s markets. It serves businesses from sole proprietors, who can receive options within the hour, to mid-market companies with multi-province, multi-insurer programs, which Summit typically takes to market in two to four weeks.
- Carriers, MGAs and Lloyd’s markets
- 60+
- Coverholder
- Lloyd’s
- Licensed across Canada, with the exception of Quebec
- Coast to coast
- In client revenue protected across Canada
- $2B+
Capabilities
What a mid-market program actually requires.
Past a certain size, insurance stops being a purchase and becomes a program. These are the capabilities we bring to every mid-market account.
Program Marketing & Placement
Structured multi-market submissions that accurately represent your risk profile — not a single-carrier quote. We negotiate terms, retentions, and pricing across the Canadian and international markets.
Executive & Financial Lines
Directors & Officers, fiduciary, employment practices, and crime coverage structured for boards, investors, and lenders of established Canadian-domiciled entities.
Layered Liability & Excess
Umbrella and excess towers built above your primary casualty program, coordinated across carriers so limits, attachment points, and exclusions actually line up.
Claims Advocacy
When a claim hits, we manage the process — coordinating adjusters, documentation, and carrier negotiations in parallel with your renewal so neither suffers.
Benchmarking & Analytics
Premium, limit, and retention benchmarking against peers in your sector and revenue band, so every renewal decision is grounded in data rather than instinct.
Risk Engineering & Compliance
Proprietary compliance technology, contract reviews, and documented risk management programs that improve your submission — and your pricing.
Results
Outcomes for complex Canadian accounts.
How We Work
What working with Summit looks like.
A dedicated account team
A named account executive and support team who know your file — not a call centre or a rotating cast of representatives.
A documented renewal process
Strategy meetings and market submissions start 60+ days before renewal. You see which markets were approached, what they said, and why.
Board-ready reporting
Clear program summaries, coverage comparisons, and benchmarking you can put in front of a board, lender, or investor without translation.
If your program renews in the next 120 days, now is the right time to start a review.
Talk to a Senior BrokerSwitching to Summit
How a switch actually works.
Moving your insurance to Summit is straightforward, and your coverage stays in force the whole way through.
Step 1: Review
We collect your current policies and loss history, and you sign a broker-of-record letter, done electronically in minutes.
- Small business
- Same day
- Complex commercial
- 1–2 weeks
Step 2: Gap & exclusion report
We review every policy line by line and show you where your coverage falls short: gaps, exclusions, limits and deductibles that don't fit your operations.
- Small business
- Within the hour
- Complex commercial
- Within one business day of receiving your documents
Step 3: Marketing
We build a complete submission and approach the markets most likely to compete for your business. You see every market approached, every quote and decline, and why.
- Small business
- Options within the hour
- Complex commercial
- 2–4 weeks, depending on complexity
Step 4: Bind & handover
We bind the new program, then issue certificates, notify lenders and landlords, and take over claims in progress.
- Small business
- Same day
- Complex commercial
- About 1 week
Your current policies stay in force until the new ones bind, so nothing lapses.
Mid-term or at renewal
You can switch at any time. Once you sign a broker-of-record letter, insurers typically confirm the change within a few days, and from then on we service your existing policies: certificates, changes and claims. We usually replace policies at renewal to avoid mid-term cancellation penalties. When the savings or coverage improvements justify it, we'll replace them sooner.
Open claims
A claim stays with the insurer whose policy was in force when the loss happened, so switching brokers never changes who pays. Once we are your broker of record, we manage open claims and advocate for you with the insurer. We disclose open claims to every market up front so they are reflected in the terms you receive. Our claims line is available 24/7.
FAQ
Questions mid-market buyers ask.
Insights
Market insight for mid-market buyers
Market UpdateInsurance Markets
Commercial Insurance Rates Are Falling — Here's What Smart Canadian Businesses Are Doing About It
Market analysis and strategic recommendations for businesses during this softening insurance market.
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GuideInsurance Markets
What is a soft or hard market in the insurance industry?
Understand the cycles of soft and hard markets in property and casualty insurance, what drives them, and how they affect your business premiums.
3 min read