Find the best commercial property insurance rates

KBD is a commercial property insurance broker in Canada with 40+ years of experience in the industry.

We provide commercial property insurance for businesses, landlords and real estate companies located in Quebec & Ontario.

Comparing rates from Canada’s leading commercial property insurance companies
Commercial property insurance coverage we provide
Liability

Coverage in the event your company or building is held responsible for causing third-party bodily injury.

All risk

Coverage for fire, earthquake, vandalism, rental income and more.

Flood / sewer back-up

Protection that covers your commercial property against water damage, sewer back-up or mass floods.

Speak with the same expert every time you call

Your own dedicated representative.

If you are looking for peace of mind and to save time – you need someone who knows how to handle your affairs. KBD provides each customer with the same dedicated commercial insurance expert to handle all your insurance needs.

Our clients say it best

More than 600 5-star reviews on
Leah N.
“Great service, very easy and well explained procedures and information needed for insurance. Jordan was great to work with, and had excellent communication skills. 10/10 recommend.”
Shawn B.
“Greg is always making sure all my insurance needs are covered. Excellent service and very responsive.. thanks again!”
Nathan T.
“My first time ever getting insurance for a car and it was super simple. I spoke to Erika who was super nice and answered all my questions, and provided everything I needed!”
Brian B.
“Great experience. As a new to Quebec driver who just bought a car I got my insurance processed over the phone in less than 20 minutes. Very efficient, easy to understand and good coverage.”

Get your commercial property insurance quote today

Commercial property insurance FAQs

What is commercial property insurance?

Coverage to protect your physical assets from perils such as fire, water, vandalism, earthquakes and more. If your business owns physical assets like a building or office equipment, you should insure them. If your company rents or leases equipment, the rental company may require you to have your own individual policy.

Property insurance is divided into several subsections:

  • Building
  • Contents (like office equipment)
  • Stock (products in storage waiting to be sold)
  • Equipment (like machinery)
  • Tools (for example, if you’re a contractor)

How much is commercial property insurance in Canada?

There is no fixed cost for business property insurance; it depends on several factors:

  • Factors for building property insurance:
    • Your tenants – restaurant tenants are considered higher risk, meaning more expensive premiums in comparison to a metal shop.
    • Construction material of the building – concrete buildings pay less in insurance compared to a wood structure given the risk of catching fire.
    • Congestion – A building located downtown Montreal will pay a higher insurance cost than a standalone building in the suburbs.
  • Factors for contents, stock and equipment property insurance:
    • The type of assets you carry – if you sell cell phones (high theft items), you can expect higher insurance premiums than the business selling industrial shelving.

How do I lower my commercial property insurance cost in Canada?

If possible, don’t store high-theft items like golf clubs, clothes, cell phones, computers and laptops. If you do store them, make sure they are hidden and locked away.

Increase your deductible.

Install a central monitored theft alarm that also includes motion sensors.

Try to avoid making small claims.

What does commercial property insurance cover me for?

  • Fire
  • Theft
  • Vandalism
  • Water
  • Flood
  • Earthquake
  • Hail / wind
  • Lightning
  • Smoke

Who pays for the building insurance on commercial property – the landlord or the tenant?

It depends on the lease agreement; sometimes it’s the tenant and sometimes it’s the landlord.

Who needs commercial building insurance?

Any company that owns physical assets should purchase a commercial property insurance package.

What are the best commercial property insurance companies in Montreal?

There are too many to choose from! Companies that have a solid financial standing and rank high in terms of customer satisfaction when it comes to claims include:

  • Intact Insurance
  • Economical
  • L’Unique
  • Lloyd’s
  • Desjardins
  • La Capitale

How do I get a commercial building insurance quote online?

It’s becoming commonplace for commercial property insurance companies in Canada to offer online quotes. However, not all companies offer this service. Here are two that do:

  • Intact Insurance
  • Desjardins

KBD works closely with Intact Insurance, so get your online quote by clicking the link on this page!

How do I get cheap commercial property insurance in Canada?

Have good credit – Businesses with good credit pay less on their insurance.

Shop around – Before you buy a policy, shop around online and inform yourself. Premiums can vary greatly from one insurer to the next.

Be informed – The more information you can provide about your business’ contents, building, stock, equipment and tools, the better. Insurance underwriters who don’t have a clear picture of what they’re insuring are less likely to give cheap commercial property insurance rates.

What is commercial property insurance?

Coverage to protect your physical assets from perils such as fire, water, vandalism, earthquakes and more. If your business owns physical assets like a building or office equipment, you should insure them. If your company rents or leases equipment, the rental company may require you to have your own individual policy.

Property insurance is divided into several subsections:

  • Building
  • Contents (like office equipment)
  • Stock (products in storage waiting to be sold)
  • Equipment (like machinery)
  • Tools (for example, if you’re a contractor)

Who needs commercial building insurance?

Any company that owns physical assets should purchase a commercial property insurance package.

How much is commercial property insurance in Canada?

There is no fixed cost for business property insurance; it depends on several factors:

  • Factors for building property insurance:
    • Your tenants – restaurant tenants are considered higher risk, meaning more expensive premiums in comparison to a metal shop.
    • Construction material of the building – concrete buildings pay less in insurance compared to a wood structure given the risk of catching fire.
    • Congestion – A building located downtown Montreal will pay a higher insurance cost than a standalone building in the suburbs.
  • Factors for contents, stock and equipment property insurance:
    • The type of assets you carry – if you sell cell phones (high theft items), you can expect higher insurance premiums than the business selling industrial shelving.

What are the best commercial property insurance companies in Montreal?

There are too many to choose from! Companies that have a solid financial standing and rank high in terms of customer satisfaction when it comes to claims include:

  • Intact Insurance
  • Economical
  • L’Unique
  • Lloyd’s
  • Desjardins
  • La Capitale

How do I lower my commercial property insurance cost in Canada?

If possible, don’t store high-theft items like golf clubs, clothes, cell phones, computers and laptops. If you do store them, make sure they are hidden and locked away.

Increase your deductible.

Install a central monitored theft alarm that also includes motion sensors.

Try to avoid making small claims.

How do I get a commercial building insurance quote online?

It’s becoming commonplace for commercial property insurance companies in Canada to offer online quotes. However, not all companies offer this service. Here are two that do:

  • Intact Insurance
  • Desjardins

KBD works closely with Intact Insurance, so get your online quote by clicking the link on this page!

What does commercial property insurance cover me for?

  • Fire
  • Theft
  • Vandalism
  • Water
  • Flood
  • Earthquake
  • Hail / wind
  • Lightning
  • Smoke

How do I get cheap commercial property insurance in Canada?

Have good credit – Businesses with good credit pay less on their insurance.

Shop around – Before you buy a policy, shop around online and inform yourself. Premiums can vary greatly from one insurer to the next.

Be informed – The more information you can provide about your business’ contents, building, stock, equipment and tools, the better. Insurance underwriters who don’t have a clear picture of what they’re insuring are less likely to give cheap commercial property insurance rates.

Who pays for the building insurance on commercial property – the landlord or the tenant?

It depends on the lease agreement; sometimes it’s the tenant and sometimes it’s the landlord.