Commercial Property Insurance
Protect Your Building, Gears & Goods
Factors Affecting The Insurance Cost
Insure You Business Premises
Small businesses are most likely to need business property insurance. Coverage can include four different types:
Inventory, goods, and equipment:
Interruptions in business income:
You are covered for this loss with your commercial property insurance, and the coverage is meant to ensure that if your business is temporarily closed by fire, water damage, or other insured disasters, your income and expenses will not be lost.
If your company equipment is damaged by a power surge or mechanical failure, you could lose everything. Extra coverage could prevent that.
It’s a good idea to connect with the top insurance consultants before starting a commercial property quotation. We at iSmart can assist you in determining the value of your commercial property. Knowing the worth of your inventory and equipment will assist our staff in determining replacement costs — and how much coverage you require — as well as assisting you in locating the finest commercial property insurance available in Alberta.
- The client tripped over a box and drops their laptop.
- Someone in your company rips out a customer’s wall.
- Having an accident while delivering to a customer causes your vehicle to be damaged.
- The flooding in your inventory was caused by a brook overflowing as a result of heavy rains.
- Property damage is something that you or your employees do intentionally.
- Business owners must obtain commercial property insurance.
- You should set up your company in a physical location, such as an office or store you own or rent, your garage, or your home.
- Owning or leasing equipment or merchandise that has the potential to be stolen or destroyed may require you to take security precautions.
Commercial property insurance is available for as little as $20 per month for small businesses, but the actual price will depend on the type of business and its setup. To calculate your business property insurance quote, you need to consider the following:
- The type of work.
- Number of employees.
- The province.
- Your claims history.
- How high you set your limits.
- Your work experiences.
How Can We Help?
Let us help you get the best coverage.