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Commercial Real Estate Insurance

COMPANY

Tailor-made business insurance

Liability, property, business interruption: comprehensive protection for SMEs.

Orso, business insurance broker in Montreal

Commercial Real Estate Insurance in Quebec — Protect Your Investments

Rental properties, condominiums, offices and commercial buildings: get customized coverage with an independent broker.

100K+
Insured in Quebec
9+
Years of experience
15+
Insurer Partners
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Why insure your commercial real estate?

For commercial building owners, rental property owners or property managers, protecting their assets and assets is a priority. Commercial property insurance covers various risks and losses: vandalism, water damage, fire, extreme weather and natural disasters.

In Quebec, insurance premiums for a commercial property generally vary between $1,500 and $15,000 per year, depending on the value of the building, the number of units, the location and the coverage chosen. An independent broker like Assur360 compares the offers of several insurers to get you the best value for money.

Commercial building insurance in Quebec — rental building protection

Types of Properties Covered

🏢 Rental properties

Duplexes, triplexes, 6-plexes and multi-unit buildings. Protection against building damage, loss of rental income, and liability to tenants.

🏬 Commercial Buildings

Shopping malls, professional offices, warehouses and retail premises. Coverage adapted to the type of activity carried out in the building.

🏗️ Condominiums

Condominium syndicates and commercial condos. Assur360 has extensive experience in managing condominium insurance files in Quebec.

The 7 Essential Coverages to Check

1
Building Damage

Fires, floods, damage caused by tenants, broken windows and vandalism.

2
Loss of rental income

If the building becomes unusable after a claim, the insurance compensates for the rent lost during the repairs.

3
Civil liability

Injuries or damages suffered by tenants, visitors or third parties on your property.

4
Exclusions and limitations

Some policies exclude earthquakes or floods without additional endorsements. Check carefully.

5
Frankness

The amount you have to pay out of pocket before the insurance covers the damage. A higher deductible reduces the annual premium.

6
Subscription criteria

Security systems, regular inspections and maintenance requirements to maintain the validity of the insurance.

7
Font customization

Additional coverage for high-risk activities carried out by your commercial tenants.

Real estate rentals: protect your income

Whether you’re renting out your commercial property to tenants — rental homes, apartments, professional offices , or retail outlets — you want to protect your assets in the event of a disaster.

You’ve invested a lot of time and money in growing your real estate portfolio. The right insurance helps you weather any storm — natural or caused by a tenant.

💡 Broker’s advice

An independent insurance broker compares offers from several insurers for you. They identify your coverage needs, assess the risks specific to your property and negotiate the best rates.

Commercial real estate leasing — protecting your rental income in Quebec

Risk Management in Commercial Real Estate

Commercial real estate risk management is a crucial part of any investment project. Understanding the different types of coverage available and knowing how to get the best quote can be the difference between adequate protection and significant financial exposure.

🔥

Physical risks

Fires, water damage, vandalism, mechanical breakdowns and natural disasters affecting the building.

⚖️

Legal risks

Civil liability, tenant lawsuits, non-compliance with building standards and contractual disputes.

📉

Financial risks

Loss of rental income, prolonged vacancy, devaluation and unexpected reconstruction costs.

Using a commercial insurance broker allows you to navigate these risks effectively. Our brokers have an in-depth knowledge of the Quebec market and negotiate directly with insurers to obtain the best conditions for your building.

⚠️ Attention — Property Underinsurance

According to the AMF, underinsurance is one of the most common problems in commercial real estate. If the insured value of your building is lower than its actual reconstruction value, the compensation in the event of a loss will be proportionally reduced (proportional rule). Have your building appraised regularly.

Commercial real estate insurance throughout Quebec

Whether your building is located in Montreal, Quebec City, Laval, Gatineau, Sherbrooke, Trois-Rivières, Saguenay, Drummondville or Lévis, Assur360’s brokers accompany you throughout Quebec. Each region has its own particularities: flood zones, seismic risks, specific municipal standards. Our brokers know the insurers that offer the best coverage for your location.

Protect your real estate investment today

Get a free quote in minutes. Our brokers compare offers from 15+ insurers.

Frequently Asked Questions — Commercial Real Estate Insurance

How much does commercial real estate insurance cost in Quebec?
Premiums vary depending on the size and value of the building, the number of units, the location and the coverage chosen. For a rental building with 6 units, expect to pay between $2,000 and $8,000 per year. A larger commercial building can cost anywhere from $5,000 to $15,000+. Get a free quote for an exact price.
What coverage is essential for a rental property?
Essential coverages include: building damage (fire, water, vandalism), loss of rental income, liability to tenants and visitors, and protection against natural disasters (with endorsements if necessary). A broker can customize your policy to your specific needs.
Is an insurance broker necessary for commercial real estate?
Highly recommended. An independent broker compares the offers of several insurers, negotiates rates and identifies the right coverage for your situation. It’s free for you — the broker is paid by the insurer. According to the ChAD, a broker is your best ally for optimal protection.
What is the proportional rule in real estate insurance?
If your building is insured for an amount of less than 80% of its reconstruction value, the insurer applies the proportional rule. The compensation will be reduced proportionately. For example, if your building is worth $1 million but is insured for $500,000, you will only receive 50% of the amount of the loss. Have your building appraised every 3-5 years.
How do I reduce my commercial real estate insurance premium?
Several strategies exist: install security systems (alarms, cameras, sprinklers), increase the deductible, consolidate your policies (multi-building), conduct regular inspections and maintain a good claims file. A broker can also identify discounts available from different insurers.
Does my tenant need to have their own insurance?
Yes. Your insurance covers the building, but not your tenants’ personal property or liability. Require every tenant to have tenant insurance — it’s standard practice that protects both parties. You can include it as a clause in the lease.
Does insurance cover damage caused by a tenant?
Yes, most commercial property insurance policies cover damage to the building caused by tenants (water damage, accidental fire, breakage). However, intentional damage can be excluded. Your liability coverage also protects against third-party claims on your property.
What is the difference between home insurance and commercial real estate insurance?
Home insurance covers your personal residence, while commercial real estate insurance protects a rental or commercial building. Coverage is more extensive: loss of income, liability to tenants, risks related to commercial activities. Premiums are also higher due to the increased risks.

Why trust Assur360?

✓AMF certified — Firm authorized by the Autorité des marchés financiers
✓100,000+ insured customers in Quebec

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