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 earthquake, flood, sewer backup, and more. See a list of our most common Business property coverage options below.

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

Building Bylaw 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 or humidity. This also includes coverage for loss or damage caused by an off-premises power interruption.

Earthquake Shock Endorsement

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

Flood Endorsement

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

Sewer Back-up Endorsement

This option adds sewer backup to the definition of water damage on your policy. It covers the backing up of sewers, sumps, septic tanks or drains, excluding seepage or leakage from natural sources.

Sign Floater Form

Adds Actual Cash Value coverage for your exterior signs, street clocks, communication towers, antennae and satellite receivers.

Miscellaneous Property Floater Broad Form

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.

Cargo Floater Broad Form

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 Broad Form

If you are a contractor, this option provides broad coverage for your equipment, or the equipment of others for which you are legally liable.

Tool Floater Broad Form

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 option also contains a locked-vehicle warranty.

Commercial Advantage Endorsement

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

  • Accounts Receivable
  • Brands and Labels
  • Extra Expense
  • Exterior Signs including Street Clocks, Communication, Towers, Antennae and Satellite Receivers
  • Fine Arts
  • Fire Department Service Charges
  • Fire Equipment Recharge
  • Glass ($500 deductible)
  • Master Key ($500 deductible)
  • Newly Constructed Buildings at the Insured’s Premises
  • Professional Fees
  • Stock Spoilage (Consequential Loss Including Off Premises Power)
  • Valuable Papers & Records
  • Arson Award
  • Building Damage by Theft
  • Building By-laws
  • Debris Removal
  • Exhibitions
  • Growing Plants, Trees, Shrubs or Flowers Outside the Building
  • Identity Theft
  • Installation
  • 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
  • Sidewalk Sales
  • Newly Acquired Locations
  • Property in Transit
  • Sales Representative
  • Temporary or Unnamed Locations