1001 Adelaide St N, Unit 202, London, ON N5Y 2M6
1-226-667-33539:30AM - 5:00PM ET Weekdays
Oracle RMS Insurance

Commercial Property Insurance

Commercial Insurance — Oracle RMS Insurance

Commercial Property Insurance

Protect your business premises, equipment, inventory, and contents against loss or damage across Canada.

Request a Free Review226-667-3353

Commercial property insurance protects the physical assets your business depends on — your building, equipment, inventory, furniture, and fixtures — against perils such as fire, theft, vandalism, windstorm, and water damage. Whether you own your premises or lease them, the right property coverage ensures a loss does not permanently shut down your operations.

Who needs this coverage?

Any business with a physical location, equipment, inventory, or valuable contents needs commercial property insurance. This includes retailers, manufacturers, offices, restaurants, warehouses, contractors with tools and equipment, and landlords with commercial buildings.

Key coverages

  • Building and structure coverage
  • Business contents and inventory
  • Equipment and machinery
  • Tenant improvements and betterments
  • Business interruption (add-on)
  • Fire, lightning, and explosion
  • Theft and vandalism
  • Wind, hail, and water damage
  • Replacement cost or actual cash value options

Frequently Asked Questions

What does commercial property insurance cover?
Commercial property insurance covers your building, business contents, equipment, and inventory against named perils such as fire, theft, vandalism, windstorm, and water damage. Policies can be written on a named-perils or all-risk basis.
Do I need property insurance if I lease my space?
Yes. Even as a tenant, you are responsible for your own contents, equipment, and any improvements you have made to the space. Your landlord's policy covers the building structure but not your business property inside it.
What is the difference between replacement cost and actual cash value?
Replacement cost pays to replace damaged property with new equivalent items at today's prices. Actual cash value deducts depreciation, so the payout is lower. Replacement cost coverage is generally recommended for most businesses.
Is flood covered under commercial property insurance?
Standard commercial property policies typically exclude overland flood. Separate flood endorsements or policies are available and recommended for businesses in flood-prone areas. A broker at Oracle RMS can advise on your specific exposure.
How is the insured value of my building determined?
Buildings are insured based on their replacement cost — the cost to rebuild from the ground up at current construction prices — not their market value. Underinsuring your building can result in a co-insurance penalty at claim time.

Ready to review your coverage?

Speak with a licensed broker at Oracle RMS — by phone, video, or in person. We serve businesses across Canada.*

Get a Free QuoteCall 226-667-3353

* Commercial insurance services available across Canada, excluding Quebec.