Commercial Property Insurance in British Columbia

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Commercial Property
Insurance

We are proud to offer you Western Coast Insurance Services:

Our trusted local expertise & flexible coverage options
Access to top Insurance partners to ensure you get the best option for your convenience
Reliable support whenever you need it – we’re here to help you every step of the way

Why We're the Right Choice for Your Business

As a Canadian company with a presence in your local community, we understand the challenges and risks you may be facing. We work with Canada’s leading insurance partners to get you the right coverage and value.

With our local expertise and flexible coverage options, you can focus on growing your business while we work to secure the best solutions for your needs and help you protect what matters most.

Get a customized quote today and ensure your BC business is ready for the unexpected.

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Commercial Property Insurance

Also known as Commercial Building Insurance, Commercial Property Insurance Commercial property insurance helps provide your British Columbia business with financial coverage for physical loss or damage to your building, property, and contents.

Whether you own or rent the space that your BC business operates in, you need to protect it from risks like theft, fire, floods, storms including wind and hail and vandalism.

Here’s what Commercial Property Insurance typically covers:

Your premises, including signage and other physical structures such as a fence
Equipment
Machinery
Computer systems
Hardware
Inventory/Stock

What’s not included:

Equipment wear-and-tear
An unexplained loss
Deliberate damage to your business
Theft at a vacant location (more than 30 days)
Cash/securities

Wherever you business is located in Vancouver, Surrey, Burnaby, Richmond, Victoria, Kelowna, or elsewhere in British Columbia, a business insurance expert will get you property coverage that uniquely protects what you do.

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Appointments can be set up with our Western Coast business insurance representatives. We’ll even meet you wherever you conduct your business.

Call us today at 1-888-517-7171

Monday to Friday 9:00 am to 7:00 pm - or - Saturday, 9:00 am to 5:00 pm

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FAQs

How much does commercial property insurance cost in British Columbia?

The following factors are taken into consideration when determining the best policy options for you:

What sector your business operates in
Your location in BC
Type of property
Square footage
Annual revenue
Number of employees
Any past claims
Any security measures

Do I need commercial property insurance if I rent my space?

Yes, even if you rent your commercial space in BC, you likely need commercial property insurance. While your landlord’s insurance typically covers the building itself, it doesn’t protect your business’s property, such as equipment, inventory, or furniture. Commercial property insurance helps safeguard your assets from risks like fire, theft, or vandalism. Additionally, your lease may require you to have insurance to cover any potential damage or liability related to your rented space.

Is business interruption covered by commercial property insurance?

Yes, business interruption is often covered by commercial property insurance, but it typically requires additional coverage or a separate policy. This type of insurance helps replace lost income if your business operations are temporarily halted due to property damage, such as from a fire or natural disaster. It can also cover ongoing expenses like rent and utilities during the downtime.

What’s the difference between replacement cost and actual cash value?

The main difference between replacement cost and actual cash value (ACV) is how compensation for a loss is calculated. Replacement cost covers the full cost to replace an item with a new one of similar kind and quality, without factoring in depreciation. In contrast, actual cash value deducts depreciation, meaning it reimburses you for the item's value at the time of the loss, accounting for age and wear and tear. Replacement cost provides more coverage, while actual cash value typically results in a lower payout.

Why Western?

Why Choose Western Coast Insurance Services?

We’re not just your insurance provider — we’re your partner in protecting what matters most. Here’s why businesses across British Columbia trust us:

Expert Guidance: Our experienced advisors work closely with you to understand your needs and recommend the best coverage options.
Comprehensive Coverage: From liability to property insurance, we offer end-to-end solutions for businesses of all sizes.
Local Expertise: With deep roots in British Columbia, we understand the unique challenges businesses in the region face.