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Business Insurance Services
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Our commercial insurance experts are experienced in assisting major property investors, managers and developers to design comprehensive insurance policies for real estate and commercial holdings. Whether you are funding, developing, buying, selling, building, holding or managing property portfolios, we recognize your unique insurance needs and we understand your risks and exposure. We want the opportunity to work with you to address your insurance liabilities.
Real Estate Insurance Sector Areas of Coverage:
Real Estate Insurance Coverage Option Recommendations:
- commercial general liability
- injury to occupant or visitor at your property
- property damage to tenant's property as a result of your negligence
- personal injury
- limit includes all legal costs incurred and judgement
- non-owned auto liability
- employee or contractor using their own vehicle for your business
- is secondary to the employees or contractors own auto liability insurance
- umbrella liability
- increases auto liability and commercial general liability
- may be negotiated to increase coverage for a number of different holding companies
- increases all policies of liability listed under the umbrella
- D&O liability
- damages suffered as a result of an actual wrong decision made by a director or officer
- mismanagement of assets
- failure to provide services
- protects the director or officer personally
- building coverage
- replacement cost
- all risk coverage
- must add sewer backup, flood or earthquake
- office contents
- can be home office or any other location
- broad form replacement cost
- furniture, computers, interior fixtures and fittings
- crime coverage
- theft of money or securities by an employee
- robbery
- cheque forgery, counterfeit paper currency, depositors forgery
- rental income coverage
- loss or reduction in rent received
- loss must be as a result of an insured peril rendering the premises untenantable
- boiler and machinery breakdown insurance
- extends building coverage to include loss caused by explosion of pressure vessels
- sudden and accidental breakdown of electrical and mechanical systems
- examples are air conditioning, transformers and generators
- Property exclusions
- faulty workmanship
- leakage or seepage
- sewer backup (must be added to cover)
- failure to protect property from further damage after a loss
- Liability exclusions
- employees injured during course of employment (workers comp)
- injury expected or intended
- intentional acts
- injury or property damage arising out of usage of a watercraft or automobile
Apartments with or without mercantile
Bare land
Buildings under construction
Commercial condominiums
Duplexes
Industrial buildings
Multiplexes
Multi-storey office buildings
Rented dwellings
Residential condominium or townhouse complexes
Residential developments
Retail or industrial strip malls
Shopping malls
Stand alone commercial buildings
Triplexes
 
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