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Insurance For A Commercial Condominium Corporation Or Unit In Canada

Insurance For A Commercial Condominium Corporation Or Unit In Canada

Insurance For A Commercial Condominium Corporation Or Unit In Canada

Click Here To Get Insurance For A Commercial Condominium In Canada
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Many business owners are starting to explore alternative commercial real estate options for their businesses from shared work space like Regus, WeWork and other alternatives to commercial leasing like purchasing and converting space to meet specific needs to purchasing a commercial condominium unit from which they can operate their business and build equity at the same time. Whether you are on the board of directors for a commercial condominium corporation or a own a unit it’s important to be informed about some of the important differences between commercial condominiums and commercial properties.  One area of important difference is how insurance for a commercial condominium corporation or unit in Canada works.

What You Need To Know About Insurance For A Commercial Condominium Corporation Or Unit In Canada

There are some thing to know about insurance for a commercial condo corp in Canada including:

  • The commercial condo corp and commercial condominium unit owners buy insurance separately.
  • Directors insurance is strongly encouraged for the board of directors of the commercial condominium corporation to protect them from claims from unit holders and others.
  • Insurance for a commercial condominium corporation is a specialized product within the commercial insurance marketplace
  • Common elements and the building itself are covered by the insurance for a commercial condominium corporation and unit owners just buy insurance on their contents
  • A big part of pricing insurance for a commercial condominium corporation or unit in Canada is based on the financial stability of the condo corp.

To Find Out More About How Much Is Insurance For A Commercial Condominium Corporation Or Unit In Canada Or To Get Insurance For A Commercial Condo In Canada Connect With One Of Our Canadian Business Insurance Brokers Today at 1-866-287-0448 of CLICK HERE!

ALIGNED Across Canada  100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves nearly 1,400 clients across the country. As experts in delivering business insurance Canada solutions and consistently recognized as one of the best business insurance brokers in Canada, ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED business insurance brokers create, negotiate and deliver the best business insurance and risk management strategies/solutions to organizations like yours. As one of Canada’s fastest growing insurance brokerages, we invite you to learn more about us and connect @ALIGNEDonRisk, on Facebook or LinkedIn.

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