Advice and solutions for Canadian organizations

Our Commercial clients include small and large businesses, credit unions, co-operatives and non-profit organizations. Through tailored products and advice customized to their highly varied and complex needs, we strive to provide services and solutions that help ensure their financial security, so they can continue meeting the needs of their own employees, clients, members and communities.

Helping credit unions and their members navigate uncertainty

In response to COVID-19, we supported credit union clients and their members through a number of initiatives. We extended loan protection coverage at no cost to more than 15,000 credit union members at over 100 credit unions across the country and returned more than $1.5 million in Auto premiums to all qualifying credit union clients. In addition, we provided specific risk management solutions to help credit unions manage the changing nature of risk throughout COVID-19.

Challenge: Unprecedented circumstances in business interruption

COVID-19 negatively impacted business, from large operations to small, independent storefronts. Physical distancing and government-issued lockdowns led to temporary business restrictions or closures, and changes to consumer preferences and behaviours will have longer term impacts especially in long-term care homes, restaurants and the hospitality industry.


When BWS Manufacturing had a fire in their facility, it was very stressful, but they had a great team in place internally to help manage the claim and Sovereign really came to the table to ensure things went smoothly.

Joe Palmer Senior Vice-President, Arthur J. Gallagher, Atlantic
Region (Commercial insurance broker)