Your business is more than just bricks and mortar. Whether you own your commercial space, lease an office or work from home – commercial property insurance protects you against loss or damage such as a fire, theft, vandalism, and more.
This protection covers the physical assets of your business inside and out, including: buildings, inventory, electronics and equipment, as well as exterior fixtures (outdoor signs, fencing and landscaping, etc.).
Did you know?
There are two types of commercial property insurance policies: all risks and named perils.
All risk insurance covers you for incidents arising from an insured peril that your insurance policy doesn’t specifically exclude, as opposed to named perils insurance, which only covers losses specifically stipulated in the policy.
Build up your commercial property insurance with custom extensions:
When your commercial property is damaged or destroyed by a loss such as a fire or water damage, your business operations and income could be temporarily interrupted. That's when the bottom line really takes a hit.
Business interruption coverage will compensate you for loss of income as well as fixed and extra expenses incurred while your commercial property is being replaced or repaired, if your business operations are temporarily interrupted due to an insured loss as per your commercial property insurance policy.
Earthquake coverage for your business premises is available in case of damage caused by an earthquake or earthquake-induced avalanches, snow slides and landslides.
Flood coverage for your business premises is available in case you experience damage caused by flood waves, tides, tidal waves, tsunamis and the breaking out or overflow of any body of water (natural or man-made).
Sewer back-up coverage protects is available for the area bounded by the bearing walls and foundations of your building in the event of damage caused by the backing up or overflow of water from within sewers, sumps, septic tanks or drains.