Commercial Property Insurance
Purchase your business insurance with ease at a very comparative rate plus ease of management.
We represent almost all major insurers, Over 60+ of insurers. Yes that's right!
There is a fire in your office building resulting in damage to your office furniture and computer equipment
Your Commercial Property Insurance covers the cost to replace all of the items damaged in the fire. The total cost covered is $50,000.
Three of your company laptops are stolen out of your car while parked at a client’s office
Your Commercial Property Insurance covers the cost ($7,500) to replace your laptops.
A flash flood causes significant water damage to your rental property
Your Commercial Property Insurance covers the cost to repair the damage to your property, totaling $87,000.
Get straight and simple answers to all your business insurance frequently asked questions.
These FAQs were gathered from Canadian business owners like you.
As the name suggests, Broad Form insurance coverage covers all losses unless otherwise specifically excluded. Named Peril policies will insure against listed risks explicitly stated in the policy, with all others assumed to be excluded. In both cases, you can add or amend coverage to your policy as a rider.
Non-residential property is considered vacant after 30 days and seen as high-risk. When your property is vacant or unoccupied for a prolonged period, it is more susceptible to property damages, such as theft and vandalism, which may affect how your insurer would handle a claim. As a result, your insurer may remove some key coverages from your policy, such as vandalism related property damage after 30 days of vacancy. To better understand the restrictions around commercial property vacancy, please speak to your broker.
No. Employee theft is covered under Crime Insurance coverage. Although Commercial Property Insurance will protect businesses from property damage by third-parties, it does not cover stolen money or securities. Many Canadian corporations/businesses are concerned about employee theft. To protect your business from Employee Theft and also theft of money and securities, forgery, and computer fraud from a third party, add Crime Insurance to your insurance policy.
Commercial Property Insurance provides financial coverage for a physical loss or damage to your property and its physical contents due to an insurable loss such as a fire, theft, or vandalism.
This policy is also known as:
The cost and amount of Commercial Property Insurance will vary. The following factors are taken into consideration when determining the best policy options for you:
We’ve partnered with over fifty insurance providers to offer you different coverage options that suit your business needs at the best price.
Commercial Property Insurance does not typically provide coverage for:
You need Commercial Property Insurance if:
Most Commercial Property Insurance policies include at least one deductible. These helps keep the cost of insurance down both the policyholder and the insurer.
The most commonly used are:
Commercial Property Insurance typically includes coverage for the following:• Building Coverage: Replace or repair damage to a property you own due to unforeseen insurable loss including such as fire or vandalism.
What coverage do you need?
Best quote from leading insurers.
At Aaxel, we simplify the process of getting insurance so that you get the coverage you need, quick and easy!
Our friendly support team is always ready to answer questions, we’re just a click or a phone call away.