Quebec Income And Insurance Needs
According to the 2016 Census Profile data, the average income (after-tax) in Quebec was 34,887 dollars, with the vast majority earning between $10,000 and $39,999. This was offset by 348,620 individuals earning more than 100,000 dollars. Many of these were professionals like doctors, accountants, lawyers, and self-employed individuals like certain kinds of contractors, who no doubt, have a need to protect themselves with insurance products like commercial general liability insurance, errors and omissions insurance, construction liability insurance, and coverage like indemnity and liability insurance. Given the numbers, this smaller aspect of the Quebec insurance market still represents a fairly substantial part of the industry.