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Commercial Property & General Liability

Commercial Property Insurance

Commercial Property Insurance helps protect your business. It offers a wide range of coverage for your property and physical assets such as buildings and their contents, equipment and inventory, and even property in transit. In addition, it provides you with business interruption coverage. Whatever your needs, our Commercial Property Insurance packages can be customized to suit them. 

Commercial General Liability Insurance  

It can take just one accident or claim to put you out of business. That’s why it’s so important to protect yourself with the right liability insurance. General Liability Insurance provides your business with protection against claims, such as: bodily injury and property damage to third parties that arise from your premises, products, and completed operations. It also protects you against advertising liability and personal injury to third parties. Our General Liability policies can be tailored to meet the specific needs of your business.
  • Cyber Liability Insurance
In today’s world, it’s essential to consider Cyber Liability Insurance. This type of policy protects your business in the event of a data breach. If the personal information of a customer is lost, exposed, or stolen by a hacker or other criminal, this policy protects you from liability. This coverage will help you get back to business, as well as cover remediation expenses and business interruption loss.
  • Products Liability
As a manufacturer or vendor of goods, you are held responsible for the products you make and sell to the public. In cases where injury or damage results from the use of your product, your business may be liable for compensation. Our coverage protects your business against claims for bodily injury or property damage.
  • Professional Liability – Malpractice
If you are a health services or personal-care professional, you need to find the right business insurance to protect against claims arising from the delivery of your specific services. Since general liability insurance policies do not offer the protection you need, it makes sense to look into Professional Liability coverage. 
  • Directors and Officers Liability
As a director or officer, you are accountable for your organization. You have a duty to exercise due diligence in overseeing the management of the organization you serve and are required to act in good faith and in the best interest of the organization. This is true whether the organization you serve is a non-profit or for-profit enterprise. 
  • Errors and Omissions Liability Insurance
This professional liability insurance protects companies or individuals in a private practice against claims made by clients for inadequate work or negligent actions. Your business may be liable if a client claims an error or omission on your part or that of an employee caused financial harm. Errors and Omissions Liability Insurance offers coverage that may include court costs and any settlement amounts that are specified in the policy.

Real Estate Insurance

Real estate-based businesses need the protection of Real Estate Insurance to safeguard against risks that may come from owning or renting property, including loss of rental income due to property damage. 

Who Needs Real Estate Insurance?

If you own a commercial building in Ontario, it should be insured. In fact, any mortgage lender will require you to insure it. And if you rent a building for business, its contents should be insured and you must think about liability issues. The following business people should consider Real Estate Insurance:

•    Anyone who owns or rents commercial property
•    Landlords
•    People who own or rent offices for business
•    Retail business owners
•    Student housing owners

Standard Property Management Insurance Coverage
When it come to Real Estate Insurance, everyone’s needs are different. The sort of coverage you require depends on the type of business you own, its operating budget, and many other factors. That’s why it’s important to discuss your needs with an experienced commercial insurance specialist. That said, most companies should consider these options:

•    Building and Property Insurance – covers fire, theft, vandalism, storm damage, and other acts of nature. It usually protects your building, fencing, outdoor signs, and may protect landscaping.

•    Building Contents Insurance – can cover product inventory and equipment, tools, office equipment, and supplies.

•    General Liability Insurance – protects you from damages and lawsuits arising from people injured on your premises.

Property Management Insurance Options
There are a number of options for your Business Property Insurance, such as:

•    Broad-form coverage – also called “named peril.” This option covers specific hazards that are noted in the policy. You may want to consider this extra coverage for losses that are caused by events such as: lightning, fire, or windstorms, just to name a few.

•    Earthquake

•    Flooding

•    Mechanical breakdown
– may include business equipment, computers, and HVAC systems.

•    Onsite and third-party pollution coverage

•    Replacement cost coverage

•    Sewer backup

•    Student rental programs