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Condo Building Insurance

Business
Condo Building Insurance

If you are a property manager or a board of directors responsible for the management of a condominium corporation, business condo insurance is essential – to cover the building itself, as well as any potential liability claims. Partnering with Aviva Canada Inc, Gifford Carr provides you with a dedicated and experienced manager and administrator. As well, we offer a 24-hr claims service and our coverage exceeds the minimum requirements set by the Condo Act.

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Our Condominium Program

Gifford Carr Insurance Group is able to provide a Condominium Program designed to specifically meet the needs of condominium buildings in Ontario. How do we know? Our experience working condo properties allows us to develop an insurance program suited for you, taking into account your unique building and its history. Licensed across Canada with locations across Ontario, our brokerage is dedicated to supporting our local communities.

We take the guess work out of it. Our condo insurance program ensures you have the specialized coverage you need.

If you’re in need of a business condo insurance policy for your condominium corporation, Gifford Carr can help. Connect with us today!

Condominium Program Highlights

  • Insurance for properties of every description
  • Over 30 years of experience delivering coverage for condo buildings in Ontario
  • Dedicated Account Manager for the Condo Program
  • Coverage in our program exceeds requirement of Condo Act
  • Exclusive wordings and costing
  • 24-hour claims service

Included Coverage

Included in our Condo Program:

  • Comprehensive General Liability
  • Directors’ and Officers’ Liability
  • Equipment breakdown/boiler and machinery
  • Property Liability

Options to add

Available to be added on to the program:

  • Accident coverage for volunteers
  • Crime coverage
  • Cyber liability
  • Legal expense coverage for Canadian Human Rights issues
  • Third party extension

Our Advantage

EXPERIENCE

Our Condo Building Program has been in the market for over 30 years. We provide a dedicated and experienced account manager for our condo clients and our 24 hrs claim centre to support your immediate needs.

PRODUCTS

Our coverage exceeds the minimum requirements set out by The Condominium Act. Our committment to continuing education and engagement with the Canadian Condominium Institute (CCI) ensures we are ahead of the curve offering products to best protect our clients.

COMMUNITY

We are on your team. We are passionate advocates for our clients. Our team goes above and beyond to ensure our clients have the information and resources they need to make educated insurance decisions.


Questions about your Condo coverage?


Your insurance resource.

We work for you.

With a Condominium Program designed to specifically meet your needs and access to all the carriers across Canada, rest easy knowing that we are always working in the best interest of you, our client.

Get in touch
Get in touch
Get in touch
We understand that your time is valuable. Complete the form to connect with your local Gifford Carr broker to get a detailed quote. Trust us to ensure you are protected. So you can focus on what matters.



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        Contact our team
        Contact our team
        Contact our team
        We understand that your time is valuable. Complete the form to connect with your local Gifford Carr broker to get a detailed quote. Trust us to ensure you are protected. So you can focus on what matters.





          Commercial General Liability

          Commercial General Liability

          An essential for all business operations.

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          Icon Market

          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.

          Property

          Property

          A fundamental coverage for the bricks and mortar of your condo.

          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.

          Directors and Officers Liability

          Directors and Officers Liability

          Your board works for the building, trust in us to have their hard work protected.

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          Icon People

          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.

          Equipment and Machinery Breakdown

          Equipment and Machinery Breakdown

          Sometimes referred to as Boiler and Machinery insurance.

          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.

          Crime

          Crime

          Protection against theft, just in case.

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

          Cyber Liability

          Cyber Liability

          Online and in the cloud is the new normal.

          Icon Computer
          Icon Computer

          Condos 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.

          Terrorism

          Terrorism

          Fills in the gap to protect against a “malicious attack”.

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

          Third Party Extension

          Third Party Extension

          An optional extension of coverage for your condo building.

          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.

          Volunteer Accident

          Volunteer Accident

          If volunteers take an active role in your condo building, you can add protection for them.

          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.