Condo Building Insurance

Included in our Condo Program, commercial general liability insurance may cover you against claims for injury or property damage to others arising from your management of the condominium operations.

Learn more about Commercial General Liability.

Included in our Condo Program. In broad terms, this coverage protects your buildings and common elements contents not otherwise covered by the residents personal insurance coverage.

Insured perils (ie risks or threats) include: fire, lightening, smoke, windstorm, water damage sewer back up, flood, riot, earthquake, strike and vandalism. Property extensions are also available, discuss the right coverage limit with your broker to ensure your condo building is properly protected.

Included in our Condo Program. Whether your directors are paid corporate directors or volunteer board members, our program includes protection for your board of directors, from board chair to advisory member, with Directors and Officers (D&O) Liability Insurance.

Learn more about Directors and Officers Liability.

Included in our Condo Program. This coverage protects you condo building from sudden, accidental damage to your electrical, mechanical and other building equipment that commercial insurance normally doesn’t. It can include coverage for things like your building alarm panels, security and intercom systems and elevators.

This optional add on coverage protects the Condo Corporation’s liquid assets against theft by employees, council/board members and the property manager. The policy limit is intended to protect your operating expenses and reserve fund.

Condo corporations and property managers are relying more and more on electronic record keeping and data storage. Online communities and social media tools are also emerging. Adding cyber liability maybe an added coverage your condo building will want to consider. This coverage is available to be added on to condo building policies in our program.

Learn more about Cyber Liability Insurance.

An optional coverage add on to the condo plan to protect against riots, strikes, civil commotion, malicious activity and direct terrorist activity.

In Canada, third-party insurance coverage ultimately aims to protect you if you’re involved in an accident where you may be at fault or liable to pay for property damages, third-party injury, or even death – it is similar coverage with this option for condo buildings. This coverage is available to be added on to condo building policies in our program.

An optional add on to our condo program, volunteer accident coverage which provides protection for council members, unit owners and/or residents who are injured while volunteering for the building/condo corporation.

This coverage protects the condo building beyond the negligence covered in Commercial General Liability (CGL). This coverage can be added to protect should an accident occurs and the condo is not found to be negligent, this coverage would kick in to fill the gap where CGL would not compensate an injured volunteer while he/she is helping out.