Commercial Property Insurance Toronto

Discover the benefits of having commercial property insurance and the many amazing ways it can help you get back on your feet should bad things happen to your business. KASE Insurance is a reputable provider of commercial property insurance in Toronto and all across Canada.

What Is Commercial Property Insurance?

Commercial property insurance provides financial coverage for any damages or losses to the physical business or office space, including all the valuable assets inside, that could be caused by any untoward external incident. These include vandalism, fire, robbery, or any form of natural calamities, such as hurricanes, earthquakes, or floods. 

Signing up for commercial property insurance in Toronto is highly recommended for a variety of companies and entrepreneurs seeking to protect their significant financial investments that were dedicated to purchasing or leasing properties and machinery crucial to operating their businesses. Whether you are a multimillion corporation, a tech startup, or a small restaurant owner, investing in commercial property insurance will give you the peace of mind that you won’t lose everything when disaster strikes.

Think ahead by getting one for your business. Here at KASE, we offer customizable commercial property insurance in Toronto that could be availed as stand-alone coverage or packaged with other comprehensive types of insurance plans.

Looking up at towering commercial property buildings

Why Is It so Important?

No matter how profitable your business may seem today, without commercial property insurance in place, you can hit rock bottom in the blink of an eye. A fire consuming everything you worked hard for, a burglary that steals your expensive devices, or an unexpected shutdown after a part of your property collapses during a storm, an earthquake, or a hurricane. An excellent example would be Hurricane Maria in 2017 in Puerto Rico, which resulted in 279,000 insurance claims.

The biggest benefit of commercial property insurance in Toronto is that it will effectively help your business bounce back as soon as possible when these unfortunate events occur. It can provide you immediate access to funds that you can use to replace or repair your broken equipment and can also cover for the income losses if you had to stop your operations.

What Does Commercial Property Insurance Cover?

Depending on your arrangement with your insurance provider, you can specify to have the following items included in your commercial property insurance coverage.

  • Building or space where your business operations occur, regardless if it is owned or leased. If you have one more business location, it would be a wise strategy to get commercial property insurance for each of them.
  • All office equipment (computers, telephones, printers, network servers, furniture, etc.), sometimes even when they are used remotely out the office and whether they are owned or leased
  • Important company documents (client files and accounting records)
  • Products or raw materials in your inventory
  • Employees personal belongings while inside office premises
  • Income losses during business interruptions

In some cases, commercial property insurance is tied up with commercial general liability insurance, a business policy that covers any physical injury or property damage potentially caused by using the company’s product, equipment, or inflicted or sustained by a third-party as long as it happens in your place of business.

How Much Does It Cost?

There are a lot of factors to consider when determining the cost you have to pay for commercial property insurance. 

  • Where your property is located – Businesses located in areas that are vulnerable to an existing fault line or with limited fire protection capacity would be more expensive to insure as opposed to those in cities with less likelihood for an earthquake or are known for having impressive fire fighting facilities.
  • The type of construction and current condition of the property – How old is your building? Is it made of combustible materials? Do you have a good fire rating? If you are only in the process of building or hunting for new office spaces, we suggest talking to a KASE I

    nsurance specialist to guide you with this matter. This way, you don’t just get a lower rate with your commercial property insurance quotation but you also ensure the safety of your business, staff, and clients.

  • Type of business – Generally, how the commercial property is being used also plays a pivotal role in the cost of your insurance. Office spaces would probably cost less to insure than, say, a restaurant or a manufacturing plant. If your building or your business is housed in one that is occupied by multiple tenants with one that is potentially hazardous, there’s a chance that your commercial property insurance premium will be higher.

Who Needs Commercial Property Insurance?

Any business, regardless of the size, niche, and industry, that owns or leases a space or equipment can use commercial property insurance to their advantage. We have numerous clients from restaurant owners, landlords, retail shop owners, corporate offices, condominium buildings, strip malls, warehouses, and manufacturing plants, that acknowledge the necessity of this type of insurance policy.

At KASE, we have various types of commercial property insurance in Toronto that can be tailored to meet every business owner’s demands and can adapt to the fast paced changes in the industry. For instance, we now offer an Airbnb Insurance that provides homeowners who rent out their houses and serve as hosts to guests with reliable protection from bodily injuries, vandalism and property damage, extensions and liability, theft and attempted theft.

Why Choose KASE Insurance?

KASE Insurance is a leading provider of commercial property insurance in Toronto among other services. We have a portfolio of loyal clients that have stuck to us through the years because of our one-of-a-kind insurance policies that are specially developed to serve the risks and requirements unique to each business niche and industry. We also have comprehensive insurance plans that are completely customizable.

If you are interested to learn everything there is to know about commercial property insurance and how you can use it to secure the future of your business, please do not hesitate to reach out to us. A KASE Insurance team member would be more than happy to respond with a free quote or schedule you for a no-commitment consultation with one of our lead brokers to expertly discuss your concerns in detail.

Contact KASE Insurance now!

Read what clients have to say about KASE

By far the most professional and trustworthy insurance brokerage I have known. We have been working with this firm for number of years now and I have nothing but good to say about their team and services. Stan and his team won't stop until we are fully satisfied. They are always on top of things, super fast in their assistance and very professional. I highly recommend this firm to anyone seeking for great insurance brokerage to work with. Big Thank You to Stan and Kase Insurance for many many years of great service!

Reviewer: Alex K


5 out of 5 stars

Stan and is team at KASE Insurance have been fantastic in explaining what insurance we needed for our business. Very hands on approach and detailed. I work highly recommend KASE Insurance for any business owner looking for great service.

Reviewer: Kyle Grooms


5 out of 5 stars

The KASE team is very easy to work with. They answer your questions quickly, walk you through the process patiently, and find you great rates. We've been working with them for a few years and we haven't felt the need to shop elsewhere because of their customer service.

Reviewer: Sasha Boersma


5 out of 5 stars

Read what clients have to say about KASE