Commercial Property Insurance in Ontario

Protect Your Business Assets and Revenues

At Element Insurance, we specialize in helping business owners assess their risks and determine the exact level of commercial property insurance required to keep their operations secure.

Owning or leasing a commercial property comes with risks, and having the right insurance is essential to safeguard your business assets. Even if you lease your space, commercial property insurance in Ontario is crucial. It can cover improvements you’ve made to the property, as well as your inventory, computers, furniture, and other essential equipment.

Commercial property insurance operates similarly to home insurance, protecting your business from risks like theft, fire, water damage, and more. You can choose the coverage amount, deductible, and how claims are settled—whether based on replacement value or actual cash value.

Comprehensive Protection Beyond Property Insurance

Commercial insurance is just one aspect of safeguarding your business. As a business owner, it’s important to consider additional coverage options to protect your operations, employees, and revenue streams.

Here’s an overview of key business insurance solutions to complement your “commercial” insurance:

• Commercial General Liability Insurance (CGL): Protects your business against legal and settlement costs if you or your employees are found responsible for bodily injury or property damage to a third party.
• Business Interruption Insurance: Covers lost income if your business operations are disrupted due to an insured event, such as fire or water damage.
• Equipment Breakdown Insurance: Provides coverage for repair or replacement of critical mechanical, electrical, or technological systems in your business.
• Optional Coverage: Add protection for risks such as floods, earthquakes, or sewer backup, depending on your business location and specific vulnerabilities.

Don’t Forget About Your Business Vehicles

If your business relies on vehicles for day-to-day operations, whether for deliveries, employee transportation, or mobile services, Commercial Auto Insurance in Ontario is essential.

This specialized coverage ensures your business vehicles are protected from accidents, theft, or damages while also safeguarding your company against liability in case of collisions. Element Insurance offers customizable policies for:

• Fleets of company vehicles
• Individual business-use vehicles
• Specialty vehicles for trades, deliveries, or services

Tip: Some carriers may offer a discount when bundling Commercial Auto Insurance, with Commercial Property Insurance. Contact us for a tailored solution for your Commercial needs and to see which carrier can offer you additional savings.

Why Choose Element Insurance for Business Coverage?

At Element Insurance, we partner with some of Canada’s most trusted insurers to provide tailored and comprehensive business insurance solutions. We take the time to understand your unique needs and ensure that your coverage aligns with your operational risks and goals.

Our Commitment to You:

• Expert advice tailored to your industry and business size
• Comprehensive coverage options to protect all aspects of your business
• Transparent and straightforward guidance at every step

Insuring your business isn’t just a service – it’s our specialty. Let us help you protect what matters most.

Get a Free Quote Today

Protect your business assets, revenues, and operations with customized commercial property and Auto Insurance from Element Insurance. Contact our team today for a consultation or request a no-obligation quote online.

Learn about the different types of Business Insurance in Ontario