Why Get Commercial Property Insurance? Commercial Property insurance protects your business from unexpected losses to your property or contents. Get Free QuoteCommercial Property Claims Examples TheftIncident: While on a jobsite, your contractors tools and equipment were inexplicably stolen out of your trailer. As a result you needed to repurchase the equipment in a rush which cost $45,000. Result: Your commercial property policy reimburses you for the cost of the tools and equipment so you can quickly get back to work. Property DamageIncident: A fire breaks out at your retail store and causes significant damage to your place of business totaling $500,000 in equipment and stock. Result: The commercial property policy pays for the repairs to the property as well as the replacement of the stock and equipment cost. Water DamageIncident: A pipe suddenly bursts in your warehouse. The resulting water causes damage to your equipment and goods stored in the warehouse resulting in $800,000 in damages. Result: The commercial property policy covers the remediation of the property as well as reimbursement to replace the equipment and goods. Get Free QuoteGet Free QuoteCommercial Property Insurance, Explained What is commercial property insurance?Commercial property insurance: provides first party coverage for damages to your property (building, equipment, stock, etc.) covers the replacement cost or actual cash value of the goods insured protects you for certain limited named perils that will be listed on the policy or for more comprehensive “all risks” coverage that mainly covers risks that are not specifically excluded. What does commercial property insurance cover? Equipment – any equipment, office furniture, appliances/permanent machinery owned by the business. The limit and coverage is determined by the cost to replace the equipment as new. Stock – any stock carried by the business. Coverage is usually based on the actual cash value (replacement cost minus depreciation) of the stock. Building – any buildings owned by the business, coverage limits are determined by an estimated building replacement cost value. Who needs commercial property insurance? Any and all businesses that carry or own any property Retail stores, offices, warehouses, manufacturing facilities, rental home owners, contractors, hospitality What is not covered by commercial property insurance? Third party liability Intentional/criminal acts Loss or damage to automobiles Auto liability Full List of Industry Insurance Types Contractor’s InsuranceHospitality InsuranceAccountant’s InsuranceHealth and Fitness InsuranceProfessional Office InsuranceWhy Choose Pacific Insurance? Our staff are trained Registered Insurance Brokers of Ontario (RIBO) which is the self-regulatory body for insurance brokers in Ontario. We have been regularly featured in the media as insurance experts and asked to speak at events like the ‘CRV Radio International’. 1 on 1 Service Speak directly with an expert instead of dealing with a faceless call centre. 40+ Years in Business We provide the results of a large agency while giving you the agility and service level of a boutique agency Fluent in Many Languages Speak to our brokers in English, Cantonese, Mandarin, French, Korean, or Hebrew. Get Free QuoteGet Free QuotePartnerships with over 50 leading Canadian insurance providers Pacific Insurance Reviews I was having trouble insuring my Muskoka cottage because my primary location was in the United States. I contacted Pacific Insurance and they were able to save me over 30% on my premium and get my cottage insured properly on very short notice.– Dimitri BToronto, ONHome InsuranceI have been with Pacific Insurance for over 27 years and we have a longstanding relationship. They always stay up to date with my family’s insurance needs and keep me informed.– Eva LMarkham, ONLife Insurance Pacific Insurance is amazing! Their service to get my home Insurance set up was extremely quick and efficient! Samantha helped me out and was very sweet. I highly recommend going to them for a no stress experience!– Chanakya UToronto, ONHome InsuranceWe’ve been using Pacific Insurance for years. They provide insurance for all our locations. They’re really great to deal with, even when we leave things to the last minute and need them to finalize same day coverage. Great people!– Natalie GToronto, ONOffice InsuranceFound Pacific Insurance searching for car insurance. I called in and spoke with Alice. She was very polite and knowledgeable. She provided me with professional advice on what types of coverages would best fit for me. I would highly recommend this brokerage. It was a pleasure to deal with their team. – Alex PToronto, ONAuto Insurance Get a Free Quote Today 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. Name Email Address Phone Commercial Property & Liability Insurance Commercial Auto Insurance Personal Home Insurance Personal Auto Insurance Travel Insurance Life Insurance Surety Type of Service Message This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service