Commercial Property Insurance
Secure your property, secure your success. Commercial property insurance protects your business from unexpected risks, helping ensure operational stability and growth.
What Does Commercial Property Insurance Cover?
- Buildings
- Inventory
- Electronics
- Equipment
The policy can be extended to include coverage against
- Business Interruption
- Flood and Sewer Backup
- Equipment Breakdown
- Cyber Attacks
Contact us or stop by the office to get started on your commercial insurance policy.
- 1-411 Confederation Dr
- Saskatoon, SK, S7L 5C3
Commercial Property Insurance FAQs
Do I Need Commercial Property Insurance Even If I’m A Tenant?
Even if you rent your space in Saskatchewan, commercial property insurance is still important. A landlord’s policy generally covers the building structure, but it won’t protect your own assets, such as equipment, inventory, furniture, or electronics. Tenant-focused commercial property coverage can also include protection for leasehold improvements you’ve made to the space and help cover costs if your business is disrupted by events like fire, theft, or vandalism.
What Businesses Should Get Commercial Property Insurance?
In Saskatchewan, commercial property insurance is strongly advised for any business that owns or leases physical premises or valuable assets. This includes:
- Retailers and restaurants – to protect inventory, equipment, and storefronts.
- Offices and professional services – for computers, furniture, and office equipment.
- Manufacturers and warehouses – to cover machinery, stock, and storage facilities.
- Contractors and trades – to safeguard tools, materials, and shop space.
If your business in Saskatchewan relies on physical assets, whether you own the building or rent your space, commercial property insurance can help protect you from financial loss.
What Determines the Cost of Commercial Property Insurance?
In Saskatchewan, the cost of commercial property insurance depends on a number of factors, including but not limited to:
- Building details – size, construction, age, and condition
- Value of assets – building, equipment, and inventory replacement cost
- Business type and risk – higher-risk industries pay more
- Location – crime rates, weather hazards, and proximity to emergency services
- Coverage choices – limits, deductibles, and added protections
- Claims history – frequent or high-value claims increase premiums
- Safety measures – alarms, sprinklers, and security systems can lower costs
Cooke Insurance brokers can help tailor coverage and find the best rate for your specific business needs.