Question 1

Commercial Property

Accepted Answer

Commercial Property Insurance is a must have for commercial operations. This insurance protects the building you lease or own and all of its contents from damage, loss or theft.
Examples of covered items:
 • Machinery
 • Inventory
 • Furniture

Question 2

Tenants Legal Liability

Accepted Answer

Tenant's legal liability is protection for the landlord for unintentional damage that tenants may cause to their building. This is required by your landlord when you are leasing a unit for business activity.
Examples of covered situations:
 • Employee causes damage to building

Question 3

By-Laws

Accepted Answer

By-Law coverage protects organizations from a loss and your building need to be rebuilt to a stricter building code, by-law coverage covers any additional expenses incurred (up to a defined limit). 
Examples of covered situations:

Question 4

Betterments and Improvements

Accepted Answer

This includes all renovations and improvements made by the tenant to a commercial property they lease for the purpose of conducting business on the premises.
Examples of covered items:
 • Car lifts
 • Wall mounted storage cabinets
 • Sound proofing

Question 5

Tools and Equipment Coverage

Accepted Answer

The tools coverage add-on protects all the equipment and tools used in the business operations from damage, loss or theft.
Examples of covered items:
 • Power Tools
 • Ladders
 • Fabrication Tools
 • Saws
 • Wrenches, screwdrivers, jacks
 • Lawnmowers and Trimmers
 • And more

Question 6

Miscellaneous Coverage

Accepted Answer

The miscellaneous coverage protects all items that are not already covered by other existing policies.
Examples of covered items:
 • Custom made machinery
 • Intellectual property
 • Exotic items

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Commercial Property