Business Property Insurance in Ontario, Canada

Protecting Your Business Assets

Your business property is the foundation of your operations — from your building to your equipment and inventory. At Solutions Insurance Group, we provide tailored business property insurance to protect against financial loss from unexpected events.

🔎 What Is Business Property Insurance?

Business property insurance (sometimes called commercial property insurance) protects your company’s physical assets. It ensures you can recover quickly if your property is damaged, stolen, or destroyed.

Coverage may include:

• 🏢 Buildings, offices, and warehouses
• 📦 Inventory, stock, and merchandise
• 🛠️ Equipment, tools, and machinery
• 🪑 Furniture, fixtures, and electronics
• 🔒 Protection against fire, theft, vandalism, storms, and more

📝 Is Business Property Insurance Mandatory in Ontario?

• By law: Business property insurance is not mandatory in Ontario.
• By lenders/landlords: If you lease or finance property, your landlord or lender will likely require it.
• Best practice: Without it, your business could face devastating financial losses from fire, theft, or other risks.
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🌟 Standard Business Property Coverages

Most Ontario business property insurance policies include:

• Building Coverage – Protects the physical structure (if owned)
• Contents Coverage – Protects everything inside: equipment, stock, and office contents
• Business Interruption Insurance – Replaces lost income if you can’t operate after a covered loss
• Extra Expense Coverage – Helps you get back up and running quickly (e.g., renting temporary office space)
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🌟 Optional Coverage Add-Ons

1. Equipment breakdown coverage
2. Flood and sewer backup protection
3. Earthquake coverage
4. Cyber and data equipment coverage
5. Outdoor signage and landscaping

🛡️ Why Use a Broker for Business Property Insurance?

Every business property is different — retail stores, offices, warehouses, and manufacturers all face different risks. Our brokers help you:

• ✅ Assess risks specific to your business type
• ✅ Compare rates from Ontario’s leading insurers
• ✅ Customize coverage for your property, equipment, and inventory
• ✅ Combine property and liability coverage into one package for complete protection.
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