Questions About Commercial Property Insurance
We answer the most common questions about our commercial property insurance.
Q: Can I still purchase commercial property insurance if I rent my office rather than own?
A: Yes, absolutely. Commercial property insurance covers property you either own or rent/lease, as well as the contents/equipment within.
Q: I have a home-based business and carry homeowner's insurance. Why should I consider commercial property insurance?
A: First, commercial property insurance covers business-related contents and equipment for your home-based business. In addition, this policy offers you more coverage options and better limits.
Q: Will commercial property insurance protect my income?
A: Commercial property insurance coverage includes business interruption insurance, which will help with ongoing expenses if your business has to shut down because of an insured event (such as a fire or flood). Business interruption insurance also covers the profits you would have made while your business was shut down.
When you call us at 1-877-917-6925, we can connect you with a commercial insurance specialist who will explain how this could work for your business.
Q: I'm a tradesperson, and carry my tools and equipment in my truck. Will commercial property insurance cover me if someone breaks into my truck?
A: Yes. "Property in Transit" coverage protects your tools and equipment while it is in a company vehicle. (Also, please note that commercial auto insurance does NOT include this coverage.)
Q: I run a repair business and my shop is full of my customers' property. Does commercial property insurance cover those items?
A: Repair shops and dry cleaners are two excellent examples of businesses that can benefit from commercial property insurance. Customer property that is in your possession is covered against loss or damage due to insured events such as flood or fire.
Q: I'm building out to make a bigger space for my business. How can commercial property insurance cover me?
A: Commercial property insurance provides a grace period (normally three months) to allow for square footage expansion of your business. When you call RBC Insurance at 1-877-917-6925, we can connect you with a commercial insurance specialist who will explain how this could work for your business.
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