Home » Business Insurance » Commercial Property Insurance
Protecting Your Business Assets: Commercial Property Insurance
Your business is more than just a building. Whether you own, lease or rent your space, protect all your valuable assets with affordable coverage that make sense for your bottom line.
Affordability for Your Day-to-Day
Our expert team understands the value of your business property, and we’re here to tailor a comprehensive insurance plan that safeguards your investments, ensuring your operations hold up amongst a changing landscape.
qualifications
Who Needs Commercial Property Insurance?
This coverage is essential for businesses of all sizes and industries, to ensure the continuity of operations even in the face of unexpected events.
Retailers Insurance
Stores, shops, and boutiques.
Restaurants Insurance
Eateries, cafes, and dining establishments.
Manufacturers Insurance
Companies involved in production and manufacturing.
Retailers
Stores, shops, and boutiques.
Restaurants
Eateries, cafes, and dining establishments.
Manufacturers
Companies involved in production and manufacturing.
Service Providers
Professional services firms, healthcare providers, and consultants.
Service Providers Insurance
Professional services firms, healthcare providers, and consultants.
Tech Companies Insurance
Software developers, IT firms, and technology startups.
Industrial Businesses Insurance
Warehouses, factories, and distribution centers.
Tech Companies
Software developers, IT firms, and technology startups.
Industrial Businesses
Warehouses, factories, and distribution centers.
Office-Based Businesses Insurance
Small businesses, corporate offices, and startups.
Office-Based Businesses
Small businesses, corporate offices, and startups.
Coverages
Get covered and stay covered, with a comprehensive policy.
Building
Protects the physical structure of your business property, including the building, roof, walls, and foundation, from perils like fire, theft, vandalism, and more. Typically covering the cost of repairing or rebuilding the building.
Business Personal Property
Covers the contents inside your business property, including equipment, inventory, furniture, fixtures, and supplies, against damage or loss.
Loss Of Income
Provides compensation for lost income and operating expenses if your business has to close temporarily due to a covered event (e.g., fire, natural disaster). Helps maintain cash flow during downtime.
Equipment Breakdown
Covers the cost of repairing or replacing essential equipment and machinery that breaks down due to mechanical failure or electrical issues.
Ordinance Or Law
Protects against the cost of complying with building codes and regulations when repairing or rebuilding a damaged property.
Optional Coverages
We provide a series of optional coverages to help better protect your investment.
Flood Insurance
Provides protection against damage caused by floods, which may not be covered in standard policies.
Earthquake Insurance
Covers damage resulting from earthquakes, which are typically excluded from standard policies.
Business Income & Extra Expense
Expands on business interruption coverage to include extra expenses incurred during a shutdown (e.g., renting temporary space).
Commercial Property Insurance in Ontario
Commercial property insurance is a fundamental type of coverage for businesses, helping to protect the physical assets of a company from unexpected events. In Ontario, where businesses thrive across various industries, having this type of insurance is critical to ensuring that a company can recover from financial losses caused by damage to its property.
Whether you own a large manufacturing plant, a retail store, or a small office building, commercial property insurance is designed to safeguard your business investments and maintain your financial stability.
What is Commercial Property Insurance?
- Buildings and structures (owned or rented)
- Furniture, equipment, and inventory
- Landscaping and signage
- Machinery and technology used for business operations
- Documents and files crucial to business activities
Types of Properties Covered
- Office buildings
- Retail stores
- Warehouses
- Manufacturing facilities
- Restaurants and hospitality venues
- Apartment buildings or multi-family residential properties
What is Covered by Commercial Property Insurance?
- Building Coverage: Protects the physical structure of your property from damages caused by incidents like fire, lightning, or other disasters listed in your policy.
- Contents Coverage: This includes the inventory, furniture, and equipment housed within the building. For instance, if your office equipment or retail stock gets damaged in a fire, this coverage can help replace those items.
- Business Interruption: Some commercial property insurance policies may include coverage for loss of income if your business operations are interrupted due to property damage. For example, if a fire forces you to temporarily close your business, this coverage helps replace lost income during the downtime.
- Equipment Breakdown: Coverage for sudden and accidental damage to key machinery or systems like air conditioning units, elevators, or production equipment.
- Natural Disaster Coverage: Many policies offer coverage against weather-related damages, including those caused by snowstorms, windstorms, and flooding (if included as an optional coverage). In Ontario, this can be essential for businesses exposed to harsh weather conditions.
When is Commercial Property Insurance Necessary?
- Owning a Commercial Building: If you own a business property, you must have commercial building insurance in Ontario to protect your investment. Whether it’s a factory, retail space, or office, unforeseen incidents like fires, floods, or vandalism can cause substantial financial strain.
- Leasing a Property: Even if you rent or lease your workspace, your landlord’s insurance likely only covers the building itself, not your business’s equipment or stock. You’ll need insurance to protect the contents of your rented space.
- Business Interruption Risks: For businesses that can’t afford downtime, such as retail stores or restaurants, having coverage that includes business interruption protection is essential. This ensures that if property damage forces your business to close temporarily, you won’t lose income.
- Contractual Requirements: Many landlords and business partners require businesses to carry commercial property insurance as part of lease or partnership agreements. This ensures that both parties are protected from liabilities in the case of property damage.
Advantages of Commercial Property Insurance
Financial Protection Against Losses
Business Continuity
Peace of Mind
Customizable Coverage
Why Work with a Commercial Property Insurance Broker?
- Expert Guidance: Navigating the world of insurance can be complicated, especially with the variety of policies and coverage options available. Our experienced brokers at Duliban Insurance will help you assess your business’s unique risks and find a policy that provides optimal protection.
- Tailored Solutions: As a leading commercial property insurance broker in Ontario, Duliban Insurance offers personalized service to ensure that your policy is custom-fit to your needs. We take into account the specific characteristics of your business and provide coverage options that reflect those needs.
- Access to Multiple Insurers: Instead of being limited to one insurance provider, our brokers have access to a range of insurers. This allows us to compare different policies and pricing options, ensuring that you get the best deal on your commercial property insurance.
- Ongoing Support: Your business evolves, and so should your insurance. At Duliban Insurance, we provide ongoing support to review and update your policy as your needs change. Whether you’re expanding to new locations, upgrading equipment, or making other business changes, we’re here to adjust your coverage accordingly.
How to Get Started with Duliban Insurance Brokers?
Step 1: Contact Us for a Free Consultation
Step 2: Receive a Customized Insurance Plan
Step 3: Compare Quotes
Step 4: Secure Your Insurance Policy
Step 5: Ongoing Support and Policy Reviews
Contact Us Today
Commercial property insurance is an essential safeguard for any business operating in Ontario. It offers critical protection against risks that could otherwise lead to costly repairs, loss of income, or even closure. Whether you own a building or lease a space, this insurance ensures your business can recover from damages and continue thriving.
Partnering with an experienced commercial property insurance broker like Duliban Insurance gives you the advantage of expert advice, tailored coverage, and ongoing support. Get in touch with us today to secure the right insurance solution for your business and protect your investments.
Frequently Asked Questions
We work with 20+ top insurance companies
Our Reviews
What you say matters to us
Get a quote today
Working with a broker guarantees your access to the best available insurance with the added benefit of personalized support. See for yourself and get a quote now.
Read our blogs
Hear what’s trending in insurance
Our blog is packed with the tips and tricks you want to read, and deserve to know.
As winter approaches and the roads become icy and slick, vehicle safety becomes a top priority for drivers. One of
As winter sets in and the holiday season approaches, there’s nothing like transforming your home into a cozy retreat. Whether
You’ve been a careful driver for years—no accidents, no tickets, yet you still notice an increase in your auto insurance
As electric vehicles (EVs) continue to gain traction in Canada, the Niagara region has been no exception. With a growing
As the winter season approaches, it’s essential to prepare your recreational vehicles (RVs, ATVs, snowmobiles, and motorcycles) for the colder
The holiday season brings a boost in sales, with many small businesses experiencing a significant increase in online activity. However,