Your business has a lot to gain. But, it also has a lot to lose if it’s not protected against inherent risks and threats. Loss or damage to your property can bring your Ontario or Toronto business to a standstill. When you have commercial property insurance, you don’t have to worry that your livelihood or business is at risk.
Protect your place of business and physical assets. Whether you own, lease or work from home, commercial property insurance protects your building and contents. Learn about your commercial property insurance policy options :
Commercial property insurance provides Ontario businesses with financial coverage. Similar to home insurance, it protects your business property. It protects the physical assets of your business from risks - water damage, fire, theft, vandalism, and more.
Business property insurance provides you with the coverage you need to move forward in a time of need. It prevents business operations from coming to a halt when the unforeseen happens.
The simple answer is yes! All Ontario businesses should have commercial property insurance. Whether you have a home office, storefront, coffee shop, or large building, coverage is very important. There are many business property insurance solutions to meet the demands of small, medium and large businesses.
All business types and industries can benefit from business property insurance coverage for protection if an unplanned event happens. There are customized coverage options and packages that can be created for your specific business needs. Get coverage for :
It’s challenging to estimate the costs of a commercial property without getting a commercial property insurance quote. Average commercial property insurance costs can vary. No two business properties and coverage needs are the same. The business type, size, location, equipment, and more are all part of premium calculations.
Policy limits and inherit risks based on the industry a business operates are also factors. Speak with a ThinkInsure commercial property insurance expert to assess your coverage needs and compare the best quotes.
Loss or damage to your business property can be devastating. Imagine the cost to replace manufacturing machinery, your computers or several months of inventory?
A commercial property insurance policy provides coverage for :
Insurers use a variety of factors to assess and set commercial property insurance premiums. They include :
Property insurance for business is diverse. There are a number of coverage types you can add to your policy depending on your business needs. Here are some of the most common types of commercial property insurance coverage to consider:
This coverage offers protection for commercial buildings. It provides coverage for the building structure and permanent fixtures. You can customize commercial building insurance to add additional coverage and protect your building against specific risks and perils.
Commercial contents insurance covers all items within your commercial property. It provides coverage for your business equipment, inventory, office furniture, computers, and any tools used for business operations.
This coverage protects businesses who serve as a landlord or you own commercial property that has tenants. You may need this coverage if you own a building or lease your property to another business. The coverage protects your investment property against acts of intentional and unintentional damage.
This coverage is applicable for businesses that rent or lease an office, storefront, warehouse or other commercial space for business. It protects you in instances where damage happens to a rented commercial property.
You can choose between a named peril insurance policy and all risk insurance policies. All risk commercial property insurance is also commonly referred to a comprehensive coverage. It provides you with protection against all major risks, unless specifically excluded in the coverage. A named perils only policy provides coverage for specific risks listed in your policy.
In addition to standard commercial property coverage, there are many other types of coverage you can add. Customize your policy with these endorsements :
Here are some useful tips to get cheap commercial property insurance rates :
Business property insurance discounts help you lower your rates. There are a number of discounts your business could qualify for :
Business property insurance doesn’t have to be difficult. For over 45 years we’ve helped Ontario companies protect their commercial properties.
Every business is different, with unique needs and circumstances. Our insurance experts work with you to assess your commercial business property insurance needs. We’ll advise you on custom coverage solutions. With us you’ll get :
“We own a small building for our unique retail business. The building is a big investment for our business so we needed to make sure it was insured properly. Being a small business we have a limited budget. Anne from ThinkInsure really helped by determining our insurance needs and then shopping with her partners to get us really good rate. Thanks Anne! ”
Franca - Retail Business Owner, Toronto Ontario
Correctly insuring your commercial property and assets can be confusing and complex. Our job, as insurance experts, is to get the best terms and coverage to protect your Ontario business.
We take a hands-on approach to helping you find the best quote and policy. Get a free risk and insurance assessment and quote. We’ll assess your business and ensure you have the right coverage based on your industry and risk exposure. Get coverage recommendations and compare the best quotes from top provivers. Find more cost savings without sacrificing coverage.
Here are some common questions about commercial property insurance policies:
Commercial property insurance protects your physical location. It helps you reduce risk associated with running your business. Protect your home base, assets, equipment, and inventory.
It depends on your business type. Some businesses inherently need more coverage than others. Coverage is based on your business location, size, industry, and operations and more. Speak with a commercial insurance expert to assess your coverage needs and choose the right policy.
Each insurer uses a unique formula to calculate commercial property insurance coverage. Insurers also offer different insurance packages. Businesses should compare quotes from multiple providers to find the best rates and coverage.
Yes. Theft coverage is part of your business property policy. The amount and type of coverage and limits will vary based on your provider.
All types of business properties need coverage. If you have an unoccupied commercial property, you still need to insure it. You’ll need a vacant commercial property policy. Speak with your insurance expert about coverage requirements.
Contact your insurance provider to start a business property claim. If there was a crime, contact the police to file a report. Steps may vary depending on the claim type. Follow the steps your insurance company provides. Contact your broker if you have questions or need assistance with the claims process
There is not one specific insurer that is the best commercial property provider. The best insurer offers the coverage and service that meets your company’s specific needs. Shop around and compare business property solutions with multiple insurers to get the best rates.
Commercial business Insurance offers excellent coverage for your business assets. Our experts will guide you through – providing expert, unbiased advice along the way. Ensure your business is protected by starting a commercial property insurance quote online.
