Business insurance · Canada
Foxquilt
Canadian-built online commercial insurance — trade-specific underwriting, instant quote-to-bind
Market position
A Canadian insurtech headquartered in Toronto (founded 2016), cited as the first in Canada to offer small-business insurance fully online. It underwrites its own products with cross-border US/Canada coverage, and its differentiator is trade-specific rating — pricing carpenters, electricians, painters and locksmiths on their actual operations rather than lumping all contractors into one package.
Canada-specific note
Canadian-built (Toronto), cited as first in Canada to sell SMB insurance fully online. Trade-by-trade underwriting (carpenter vs electrician vs painter priced differently) is the structural differentiator, with cross-border US/CA coverage.
Pros
- + Canadian-built (Toronto, 2016) insurtech
- + Trade-specific underwriting so contractors don’t subsidize unrelated trades
- + Instant online quote/purchase/documents on any device
- + Cross-border US/Canada coverage
Cons
- − Newer/smaller than incumbents like Intact — shorter track record
- − Underwrites a focused set of classes rather than every trade
- − Complex/high-risk trades may still need a traditional broker
- − Brand recognition lower than Zensurance in the CA SMB market
Typical Canada pricing
Online-quoted, varies by trade and coverage; instant quote-to-bind
Why this matters for Canada trades
Trade certification is provincial (with the interprovincial Red Seal endorsement), and payroll/accounting software must handle CRA source deductions, GST/HST/PST, and — for Quebec — French-language and Revenu Québec requirements.
Canadian trades vendor selection is shaped by provincial trade certification (often Red Seal), CRA payroll remittances, GST/HST/PST handling, and bilingual (English/French) requirements in some provinces.
Frequently asked
Is Foxquilt a good fit for Canada trades?
A Canadian insurtech headquartered in Toronto (founded 2016), cited as the first in Canada to offer small-business insurance fully online. It underwrites its own products with cross-border US/Canada coverage, and its differentiator is trade-specific rating — pricing carpenters, electricians, painters and locksmiths on their actual operations rather than lumping all contractors into one package. Canadian-built (Toronto), cited as first in Canada to sell SMB insurance fully online. Trade-by-trade underwriting (carpenter vs electrician vs painter priced differently) is the structural differentiator, with cross-border US/CA coverage.
What does Foxquilt cost in Canada?
Online-quoted, varies by trade and coverage; instant quote-to-bind. Pricing and availability can change by region — confirm current Canada pricing on the vendor's site before committing.