Running a business in Ontario?
Protecting your business premises, including buildings, equipment, inventory, and valuable assets will let you rest easy. That’s where commercial property insurance steps in to keep your business safe and sound. We’ll help you find the right coverage at the right price.
What We Do
We offer you a range of insurance options from different carriers, each with their own prices and coverage, to find the perfect plan for you.
We provide a personal touch - from start to finish, you'll have a single point of contact, a real person who's here for you. No bouncing between multiple customer service reps.
We ensure accuracy - with online insurance calculators, it's easy to make mistakes without even realizing it. This can lead to either overpaying for coverage or being underinsured. When you work with us, you're partnering with trusted professionals you can count on.
We educate you - as licensed brokers, we meet higher standards compared to online insurance tools, banks, or direct writers.
common misunderstanding is that you'll pay extra due to the brokerage's commission. But that's not the case. We're paid by the insurance companies, not you. And rest assured, we only recommend plans that truly fit your needs.
BENEFITS & MISSION
Why Choose BrokerUnion?
The main differences between the big banks and boutique brokerage firms like us are:
1. More Options
We’re not tied to one insurance company. We shop around to find you
the best rates and options.
2. We Work For You
We always act in your best interest, and your privacy is as sacred as a lawyer’s confidentiality agreement. Unlike Insurance companies that offer only their own insurance, we are not obligated to the insurance companies.
3. Experienced Team
We have the expertise to handle any situation, all while providing the personal touch you deserve. Professionalism and friendliness are our hallmarks.
4. Personal Relationships
We believe in sitting down and having a real conversation with you. Your situation is unique, and you deserve a tailored solution.
5. Education
We’re not just brokers; we’re educators. Our goal is to provide you with all the information you need to make informed decisions.
What Sets Us Apart
Multilingual Service
We speak 22 languages because
clear communication is key for a personalized insurance plan.
Our Own App
We’ve got our app for all your
policy documents, pink slips, and more. It’s a one-stop shop for your insurance, even if you switch carriers with us.
Dedicated Customer Service Team
No answering machines here –
our dedicated customer service team is there for you, even during off-hours.
Award-Winning
We are the 2022 IBAO Brokerage of the Year (in the under 25 brokers category) because we focus on choices, education, and service, always prioritizing our clients.
Extensive Choices
We work with a wide range of carriers to find you a customized plan that suits your specific needs.
Experienced Professionals
With a track record of helping over 5800 clients with their auto insurance in the past 3 years, you can trust our experience.
Not everyone has access to the same carriers - we have access to multiple top carriers as well as dozens of carriers that cover almost all situations
What exactly is Commercial Property Insurance?
Commercial property insurance is like a safety net for your business space. It’s there to protect your place, your stuff, and your precious assets. Here’s what it typically takes care of:
1. Building Coverage: When the place where you do business gets smacked by trouble, like a fire, storm, or vandalism, this coverage steps in to fix it up.
2. Business Belongings Coverage: All the stuff you need to run your business, from equipment to inventory and furniture, this insurance has your back if they’re stolen, damaged, or destroyed.
3. Business Interruption Coverage: If something nasty happens that forces your business to take a break, like a fire wrecking your spot, this coverage helps you bounce back by covering the money you lose while you’re closed.
4. Additional Coverages: Depending on what your business needs, you can add extra coverage, like flood insurance or equipment breakdown protection, to your policy.
Factors Affecting Commercial Property Insurance
How much you pay for commercial property insurance is influenced by a few things. It’s about your business operations, where your business is, what kind of place you’re covering, what it’s made of, and how safe and secure it is.
Our Happy Customers
CLIENT'S TESTIMONIAL
What Our Commercial Property Insurance Clients Say
Michelle Hughes is the one you want to work with when dealing with your insurance needs. She’s knowledgeable, detailed, and caring.
Laura was great to work with! She replied quickly, explained things well, looked out for our interests, and came in under budget. Definitely recommend.
Jeff Hewitt
QUESTIONS & ANSWERS
Frequently Asked Questions
What is commercial property insurance, and who needs it?
Commercial property insurance is coverage designed to protect the physical assets of a business, including buildings, equipment, inventory, and other property. It provides financial protection in case of damage or loss due to covered perils such as fire, theft, vandalism, or natural disasters. Any business that owns or leases a commercial property should consider commercial property insurance to safeguard their assets and investments.
What does commercial property insurance typically cover?
Commercial property insurance typically provides coverage for:
– The building or structure of the business property.
– Business property inside the building, such as equipment, inventory, and furniture.
– Business interruption or loss of income due to covered perils that disrupt business operations.
– Additional expenses incurred to minimize business interruption after a covered loss.
Are all types of perils covered under commercial property insurance?
Commercial property insurance usually covers a range of common perils, including fire, theft, vandalism, burst pipes, and certain natural disasters like windstorms and hail. However, coverage may vary among policies, and certain perils may be excluded or require additional endorsements.
Are improvements and renovations covered under commercial property insurance?
Improvements and renovations made to the commercial property are typically covered under commercial property insurance. However, it’s essential to inform your insurance provider of any significant changes to the property to ensure adequate coverage.
Can I add coverage for business equipment that is taken off-site?
Commercial property insurance may offer coverage for business equipment that is taken off-site, such as laptops or tools used at remote locations. However, there may be limits to coverage, and businesses may need to consider additional coverage options for comprehensive protection.
Can I bundle commercial property insurance with other business insurance policies?
Yes, many insurance companies offer the option to bundle commercial property insurance with other business insurance policies, such as general liability insurance or commercial auto insurance. Bundling policies may lead to cost savings and simplify insurance management for your business.