Is it required to purchase RV/trailer insurance?

Recreational vehicle owners must purchase an auto insurance policy under Ontario law as it can be operated independently on the road. However, owners who choose to live out of their RV or motorhome may also purchase secondary insurance policies that provide coverage against property damage. On the other hand, travel trailers towed by a vehicle do not require insurance. In contrast, being operated on the road, as the owner’s auto insurance will extend to the trailer.

If my trailer is a modified van, do I need to acquire RV insurance?

Building your own modified van is a great accomplishment that provides you with the freedom to live and travel across the continent with ease. While you do not need to purchase RV insurance for your modified vehicle, it is highly suggested you do so.

Will this policy cover my RV from any malfunctions on the road?

Like many vehicles, basic RV insurance will generally come with the following policies included: Liability Coverage, Collision Coverage , Comprehensive Coverage

Is my auto insurance coverage going to include trailer insurance?

As travel trailers require towing from a motor vehicle to operate, your auto insurance plan will extend to your trailer when it is in motion. However, once your travel trailer is parked and detached from its towing vehicle, most auto insurance policies will not cover your trailer. Additionally, while your auto insurance plan provides coverage to the trailer itself, it typically will not provide coverage for items stored within it.

Commercial Building Insurance

Coverage Uniquely Designed for Commercial Building Insurance

Protect your business’s physical assets from damage or loss thanks to Bevan’s commercial building insurance.

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Commercial Building Insurance Ontario

Let Us Be Your Expert for Building Insurance

Ensure your business is prepared for success with comprehensive commercial building insurance in Ontario. Regardless of the size or type of business you operate, if you own or lease a commercial property where you conduct daily activities, it is imperative that your business property is protected against lawsuits that arise from damages and third-party injuries that occur.

With over 20 years of experience, Bevan Insurance is an independent insurance brokerage that has the skills and knowledge to provide business owners with high-quality insurance solutions that meet their needs. We understand that all businesses are different, which is why we are dedicated to working with business owners to ensure their insurance portfolio works in their favor.

Get a free insurance quote with Bevan Insurance today!

What is commercial building insurance?

Commercial building insurance provides business owners with comprehensive coverage, including:

Structure: Prevents out-of-pocket payments for any loss of damage to your business structure caused by fires, equipment malfunctions, accidental breakage, natural hazards, and other insured perils.
Contents: Covers the cost of damages and replacements due to theft for all contents and belongings that are kept on the premises of your commercial business property.
Interruption of business: In the event that your business is forced to shut down for an extended period of time due to unforeseen circumstances, this policy coverage will cover financial losses and provide you with assistance in getting your business back open.
Property in transit: Property in transit provides your business property, including products, against losses when it is being transported on your business property and while it is in transit to a secondary location.
Equipment: In the event that your business relies on heavy machinery or equipment, this insurance coverage will cover the cost of breakdowns or complete failures that result from an insured cause.

Additional Coverage Options

Beyond basic commercial building insurance coverage, business owners are also able to add additional coverage options to their insurance portfolio that provide their commercial property with further protection. This includes:

Damages caused by sewage back
Damages caused by flooding and other related water damage
Damage caused by earthquakes or other natural disasters

Is commercial property insurance still needed if most of my operations are done online?

If you operate a business that is conducted online, you may still require commercial property insurance if you work out of a commercial property that is separate from your home. This will ensure that any equipment such as your computer, printer, and any other supplies utilized for your online business is protected against theft, vandalism, and damage.

In addition, you may also wish to purchase professional liability insurance that protects your actions against allegations that claim negligence, misconduct, errors, omissions, and the failure to deliver promised services to your online customers. Therefore, while insurance is not mandatory, it is highly suggested in order to protect your interests and assets while covering the costs of potential legal fees that may arise from a lawsuit.

What is the difference between landlord insurance and commercial building insurance?

If you are the owner of a rental property business, it is likely that you will take out landlord insurance. Landlord insurance protects you from paying out-of-pocket expenses in the event your property is damaged due to fire, lightning, vandalism, and other perils. It will also cover contents found within the premises of your property should they be damaged or stolen. In other words, it protects owners from any legal liability.

On the other hand, if you rent a property from a landlord who has landlord insurance, you as the renter will not be covered under the insurance policy. Therefore, as a business owner, you would be required to purchase commercial building insurance to ensure that you also have legal liability against damages and losses.

How does commercial property coverage work?

Commercial property insurance provides your business with financial coverage for physical loss or damage to your commercial property, including any physical contents that are stored on the premises of your property that results from external disasters, such as theft, vandalism, or fire.

On the other hand, you may also wish to purchase the following business insurance policies on top of your commercial property insurance, including:

Commercial general insurance
Errors and omissions insurance
Cyber liability insurance
Directors and officers insurance

Why is commercial building insurance important?

Commercial building insurance is essential as it prevents you from experiencing out-of-pocket financial losses due to damage that occurs to your commercial property. It also covers the cost of replacing or repairing any damages to essential heavy machinery or other equipment that may be vital to your business operations. With commercial building liability coverage, business owners can rest assured that their interests and assets are protected against unforeseen circumstances, providing them with opportunities to grow long-term.

Therefore, if you want to learn more about commercial building insurance in Ontario and how Bevan Insurance can assist you, get a free quote online with us today!

Welcome to Bevan Insurance

Clients we have helped over the years

Amateur Motocross Ontario

A&W High Voltage

Woodbeck Auto Parts Ltd

Zenetec Collision Insurance

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Our Case Study

Who We’ve Helped

A commercial account also owns the adjacent house to their business location that was used as a rental property. Unfortunately the insured suffered a major loss when the rental property caught fire and was destroyed. In conversations with our insured throughout the claim they told us they were thinking of accepting a cash payout from the insurer instead of rebuilding the property.

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