Get Commercial Building Insurance for Your Rental Building

This policy covers the full physical structure of your rental building, including walls, roof, foundation, plumbing, electrical, heating systems, and permanently attached fixtures against fire, theft, vandalism, windstorm, hail, and certain water damage. It includes replacement cost coverage that pays to rebuild at current construction prices, not depreciated value, which is critical for older buildings where rebuilding often exceeds market value. It also covers common areas such as hallways, lobbies, stairwells, laundry rooms, and rooftops, along with detached structures like garages, fences, sheds, and outbuildings.

This coverage replaces the gross rental income you lose if a covered event forces tenants out and the building becomes uninhabitable. It covers the full gap between tenant evacuation and re-occupancy, including long repair periods that can take 6 to 12 months or more. Coverage typically extends 12 to 24 months, allowing you to continue paying your mortgage, taxes, and maintenance expenses without interruption.

CGL protects you if a tenant, visitor, delivery driver, or pedestrian is injured on your property, including incidents like slip-and-falls, balcony failures, dog bites, or parking lot accidents. It covers third-party bodily injury and property damage, along with full legal defence costs regardless of the outcome. Most landlords carry a minimum of $2,000,000 in coverage, with $5,000,000 often required. Property manager extensions are available to cover management companies as well.

Protects against damage from burst pipes, sewer backups, and water entering from outside the building. Water damage is the most common claim due to aging pipes, flat roofs, and heavy rainfall. Sewer backup and overland flood must be added separately and remain essential for buildings with basement units. Burst pipe coverage plays a critical role in Quebec's freeze-thaw climate.

This covers mechanical and electrical failures not included in standard property insurance, such as boiler explosions, HVAC breakdowns, elevator malfunctions, and power surges affecting electrical systems. It pays for repair or replacement and any resulting business interruption. It also helps satisfy government-mandated boiler and pressure vessel inspection requirements through the insurer.

This maintains coverage when a building or its units remain
vacant beyond standard policy limits, such as during renovations or tenant turnover. It protects against increased risks including vandalism, break-ins, frozen pipes, and undetected water damage while the property is unoccupied.

Cyber insurance protects against data breaches involving tenant information such as lease agreements and personal data. It covers forensic investigations, legal fees, mandatory notification requirements under Quebec’s Law 25, regulatory fines, and risks like social engineering and cyber extortion.