Cheap Commercial Property Insurance Solutions with LMBF

Where would your business be without its physical property? Many small businesses overlook the importance of commercial property insurance, especially if they operate out of a leased office or work from home. Commercial property insurance is critical for any business that uses a physical building, whether to do business or simply to store inventory. This protection includes coverage for the physical building as well as its assets and exterior fixtures against common perils, such as natural weather events like fire, wind, and hail, and activities such as theft and vandalism. LMBF can help you find a cheap commercial property insurance plan today.

What Commercial Property Insurance Covers



Your property insurance includes coverage for your business’ contents in addition to the actual structure. This includes any furniture, appliances, office supplies, stock and inventory, materials, and so on.



Commercial property insurance offers coverage for the physical dwelling of your business in the event that it should be damaged due to fire, wind, a natural weather disaster, or an act of theft or vandalism.

Exterior Fixtures

Exterior Fixtures

Your commercial property insurance includes coverage for your exterior fixtures as well as the physical property itself. This includes any detached private properties, signage, landscaping, fencing, garages, sheds, and so on.

  What commercial property insurance covers
  • Fire and wind damage
  • Vandalism and theft
  • Accidental damages
  • Contents and physical assets
  • Physical structure
  What commercial property insurance excludes
  • Intentional damages
  • Wear-and-tear
  • Infestation and mold
  • Liability
  • Interruption

What is commercial property insurance?

Commercial property insurance is a commercial policy designed to protect your physical business. Unlike commercial general liability, commercial property insurance offers financial recourse for insurable events that cause physical losses or damages, such as fires, vandalism, theft, and so on. Depending on your policy type, you can opt for an all-risk policy or a named perils option.

Commercial Property Insurance for These Business Sectors:

Commercial property insurance is designed for a number of different sectors - or basically any business that utilizes a physical property. Even if your business is remote or virtual, you may still have a warehouse where inventory is stored, or your home-based office needs coverage to ensure that you have a backup if anything happens. LMBF is happy to help designate coverage for numerous sectors and industries within Canada. See below for some examples of the business sectors that may benefit from commercial property insurance.
Financial Industry


  • Commercial banks
  • Insurance brokerages
  • Financial advisors
  • Accountants & bookkeepers
More info
Real Estate Industry

Real Estate

  • Estate agents
  • Real estate developers
  • Property management
More info
Construction Industry


  • HVAC construction
  • Commercial construction
  • Residential construction
  • Demolition
  • Electrical installers
  • Highway construction
More info
Maintenance Industry

Personal Services

  • Garage repair shops
  • Autobody stores
  • Auto servicing
More info
Education Industry


  • Online courses
  • Driving schools
  • Primary education
  • Universities
More info
Manufacturing Industry


  • Metal manufacturers
  • Autobody part manufacturers
  • Chemical manufacturers
  • Food manufacturers
More info
Transportation Industry


  • Airlines
  • Freight road transportation
  • Courier companies
  • Railways
  • Trucking companies
More info
Organizations Industry


  • Chairities
  • Organizations
  • Fundraisers
More info
Agriculture Industry


  • Hobby farms
  • Commercial farms
  • Beef farms
  • CBD plantations
More info
Entertainment Industry


  • Bowling alleys
  • Amusement parks
  • Theatres
  • Arcades
  • Minigolf
More info
Healthcare Industry


  • Occupational therapists
  • Counselors
  • Massage therapists
  • Dentists
More info
Retail Industry

Retail Industry

  • Liquor retail
  • Grocery retailing
  • Furniture retailing
  • Garden supplies retailing
  • Auto parts retailers
More info
Hospitality Industry


  • Hotels and motels
  • Travel agents
  • Lodging agencies
More info
Publishing Industry


  • Printers
  • Publishers
More info
Personal Care Industry

Personal Care

  • Hair salons
  • Weight loss services
  • Nail spas
  • Dry cleaners
More info
Wholesale Distribution Industry

Wholesale distribution

  • Agricultural machinery wholesale
  • Audio and video equipment retailers
  • Bakery product wholesale merchants
More info
Professional Services Industry

Professional Services Industry

More info

Our Commercial Property Insurance partners

Your business is more than just its physical dwelling - we get it. However, your business’ commercial property - whether that’s an office that you lease or a massive warehouse - needs protection against losses to ensure you can keep on doing business as per usual. LMBF partners with some of the top commercial property insurance carriers around to ensure that your coverage is sufficient and can cover you business’ physical assets from the outside in. Get a commercial property insurance quote to see how affordable comprehensive coverage can be.

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Want to Get Started on Your Commercial Property Insurance? Start with a Commercial Property Insurance Quote.

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Commercial Property Insurance: Frequently Asked Questions

A: Commercial property insurance protects your building, its contents, and even its exterior fixtures, such as any fencing, landscaping, outdoor signs, and so on. Depending on your policy type, either all risk or named perils, your policy will include coverage for every risk apart from those specifically named in your policy or only those listed under insurable perils.

A: Any business that requires a brick-and-mortar building needs commercial property insurance. This is true even if you run an e-commerce website but have a physical warehouse where inventory is stored. Commercial property insurance covers your physical assets, both inside and out from losses or damages due to fire, weather events, theft, and more.

A: It depends. How big is your commercial property? How do you use it? The coverage needs of your business will vary. You don’t need the same policy for a home-based office as you do for a huge garage that stores inventory for a multimillion-dollar retail enterprise. If you are unsure as to the amount of coverage you require for your commercial property, discuss with LMBF’s commercial property insurance brokers for advice.

A: Yes, acts of theft and vandalism are covered by commercial property insurance. There may be some exceptions, however. Employee dishonesty or fraud from staff members may require a separate crime insurance or employee dishonesty policy in order to have coverage.

A: The cost of commercial property insurance is largely dependent on the building size, the way it is used, the year it was built, the materials it is built from, its utility systems and their age, its proximity to potential liability hazards, its proximity to the nearest fire station or hydrant, and more. The higher the risk, the higher you may expect your premiums to be.

A: Commercial property insurance is typically not required, depending on your line of business. However, if you do not own your commercial space but rather rent or lease it, you may be required by the property owner to provide evidence of commercial property insurance. This ensures that their investment has a financial safety net if anything happens.