Coverage for your buildings, equipment, contents and stock

Whether you own or lease the building you operate your business from, we have the right combination of coverage and options to keep things running.

Your business insurance includes broad coverage to protect your building and contents.

  • If you own your building, our policies cover the actual structure, as well as any permanent fittings, fixtures or extensions.
  • If you rent or lease, it covers any improvements you make as a tenant.

When it comes to what’s inside the building, contents insurance covers your stock, equipment, furniture and machinery.

Choose from our basic and customized protection for your property, contents and other items against loss, damage or theft.

You can also choose from our available endorsements to tailor your policies to your needs, including coverage for earthquakes, floods, sewer backups, and more. See a list of our most common Business property coverage options below.

Your local Co-operators agent will take you through the many ways we can help protect your business property and design a policy to suit your needs. Contact your agent today.

Business property coverage options

Customize your Business Property insurance coverage with options that best suit your needs and type of business. 

Replacement Cost Endorsement

Changes the basis of settlement to pay for losses based on the cost of repairing or replacing the insured buildings and/or contents, without deduction for depreciation. Some exceptions apply; ask your agent for details.

Building By-laws Endorsement

Adds coverage for additional costs incurred if you have to repair or rebuild your damaged property to comply with any by-laws or zoning laws, if the cause of damage is covered by your policy.

Consequential Loss Endorsement (including Off Premises Service Interruption)

Adds coverage for stock spoilage if the cause of loss or damage due to a change in temperature. This also includes coverage for loss or damage caused by an off-premises power interruption.

Earthquake Endorsement

Adds coverage for loss or damage to your insured property from earthquakes.

Flood Endorsement

Adds coverage for flood damage, including floods caused by the rising, breaking or overflow of any natural or man made body of water, including waves, tides and tidal waves. Water below the surface of the ground that seeps or leaks into the premises is not included.

Sewer Backup Endorsement

This option adds sewer backup to the definition of water damage on your policy. It covers the escape of water from a sewer system or sump pump system, excluding seepage or leakage from natural sources.

Sign Floater

Adds Actual Cash Value coverage for your exterior signs. 

Miscellaneous Property Floater

This option provides Actual Cash Value coverage for scheduled items that might be mobile and are not already covered under your policy. Limits are specified for each item, and coverage applies on or off premises anywhere in Canada or Continental United States. This option also includes a locked-vehicle warranty.

Motor Truck Cargo Floater

Provides coverage if you are paid to transport property that belongs to other people, or to transport your own goods in vehicles that you own and operate.

Contractor's Equipment Floater

If you are a contractor, this option provides broad coverage for your equipment.

Tool Floater

This option provides broad coverage for all tools and equipment usual to your trade or business, including but not limited to saws, spades, drills, ladders, hammers, brushes, drop cloths and ratchets that are used on or off premises. Coverage applies anywhere in Canada and the Continental United States. This policy also contains a locked-vehicle warranty.

Commercial Plus Endorsement

With our Commercial Plus Endorsement, you’ll receive a full package of coverage options normally available separately. Ask your agent for details about what’s included:

  • Accounts Receivable
  • Brands and Labels
  • Building By-laws
  • Exterior Signs including Street Clocks, Communication, Towers, Antennae and Satellite Receivers
  • Extra Expenses
  • Fine Arts
  • Fire Department Service Charges
  • Fire Equipment Recharge
  • Glass
  • Master Key
  • Professional Fees
  • Stock Spoilage (Consequential Loss) including Off Premises Power
  • Valuable Papers & Records
  • Arson Award
  • Building Damage by Theft
  • Debris Removal
  • Exhibitions
  • Growing Plants, Trees, Shrubs or Flowers Outside the Building
  • Installation Floater
  • Land and Water Pollution Clean Up
  • Money and Securities
  • Moulds, Dies and Patterns
  • Peak Season Increase
  • Personal Property of Officers and Employees
  • Roadways, Walkways and Parking Lots
  • Newly Acquired Locations (including Building and Contents)
  • Property in Transit
  • Sale Representative
  • Temporary or Unnamed Locations