Commercial Property Insurance.
Commercial Property Insurance is an important part of any business's infrastructure. It provides coverage for physical loss or damage to your property and contents, so you can focus on running yours smoothly.
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What is Commercial Property Insurance?
As a business owner, you know that protecting your assets is important. But what happens when those assets are damaged or destroyed by an external event? That's where commercial property insurance comes in. It's important to have this coverage in place so that you can get your business back up and running quickly in the event of a loss.
Commercial Property Insurance provides financial coverage for physical loss or damage to your property and its physical contents due to an external disaster, such as a fire, theft, or vandalism.
It provides business owners with protection for the most critical physical assets of their business. Whether you’re a new small business, multi-location retail operation, professional services provider, or contractor, all business owners should carry business property coverage to ensure you’re able to get you back on your feet quickly in the event of a loss.
While no one wants to think about the worst happening, it's always better to be prepared.
Why choose Summit?
We help Canadian Business Owners craft the perfect insurance policy for their business.
Our team takes pride in our relentless responsiveness. When you need us, we're here.
We compare rates across leading insurance companies to ensure you get the best price on your premium.
We craft the perfect insurance policy for your business so you can rest easy knowing you're covered.
Your dedicated account manager is there for you as your business grows ensuring your insurance policy grows with you
The right insurance plan for every business.
Here are a few of the industries we serve.
Don't see yours? We serve all kinds of Canadian businesses. Chat with us.
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Ecomm, Retail & Wholesale
Amazon resellers, to coffee shops, large product wholesalers and more..
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Commercial Property Insurance FAQs
Business Insurance can be complicated. We're here to help.
Commercial Property Insurance provides financial coverage for physical loss or damage to your property and its physical contents due to an external disaster, such as a fire, theft, or vandalism.
It provides business owners with protection for the most critical physical assets of their business. Whether you’re a new small business, multi-location retail operation, professional services provider, or contractor, all business owners should carry business property coverage to ensure you’re able to get you back on your feet quickly in the event of a loss.
This policy is also known as:
commercial building insurance
commercial rental insurance
business property insurance
business contents insurance
You need Commercial Property Insurance if:
You own or lease a commercial building, equipment, or inventory
You have an office or commercial space
You use computers, hardware, or machinery for business purposes
You use portable electronics, such as laptops, tablets, or mobile phones for business purposes
You or your employees conduct business off-site
Commercial Property Insurance typically includes coverage for the following types of exposures:
Tenant Improvements: Improvements you make to a building as a tenant, which cannot be removed, such as carpeting, lighting, paint, kitchenettes etc.
Building Coverage: Replace or repair damage to a property you own due to unforeseen disasters, such as fire or flood. Inventory: Replace or repair your merchandise and inventory, including food items, in case of fire, theft, or damage. Equipment/fixtures/furnishings: Replace or repair your equipment, fixtures, or furnishings that were lost or damaged due to unforeseen events.
Electronics: Replace or repair your electronics that are damaged or stolen inside and outside of your office.
Commercial Property Insurance should never be sold solely on price. You are protecting your most important asset. Our mission is to find you the perfect coverage but also find the best priced policy with that coverage.
The exact cost for your insurance policy varies according to factors such as:
Type of Property
Type of Business
Age and Condition of Property
Property Location
Claims History