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Oracle RMS Insurance

Commercial Property Owners Insurance

Industry Insurance — Oracle RMS Insurance

Commercial Property Owners Insurance

Insurance for owners of commercial buildings — office, retail, industrial, and mixed-use properties across Canada.

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Commercial property owners face a distinct set of insurance exposures — from building damage and tenant liability to loss of rental income and environmental liability from older buildings. Whether you own a single commercial unit or a large portfolio of commercial properties, Oracle RMS can structure an insurance program that protects your investment and your income.

Who needs this coverage?

Owners of office buildings, retail plazas, industrial properties, mixed-use developments, commercial condominiums, and any individual or entity that owns commercial real estate and leases it to tenants.

Key coverages

  • Commercial property (building)
  • Commercial general liability
  • Loss of rental income
  • Tenant legal liability
  • Environmental liability
  • Directors & officers (property corporations)
  • Umbrella / excess liability
  • Equipment breakdown
  • Crime and employee dishonesty

Frequently Asked Questions

What insurance does a commercial landlord need?
Commercial landlords need commercial property insurance for the building, commercial general liability for third-party injury and property damage claims, and loss of rental income coverage. Environmental liability is also important for older buildings with potential contamination issues.
What is loss of rental income coverage?
Loss of rental income coverage reimburses you for rental income lost when a covered property loss makes your building uninhabitable or unusable by tenants. It covers the period of restoration while repairs are being made.
What is tenant legal liability coverage?
Tenant legal liability coverage protects you against claims by tenants for property damage caused by your negligence as a landlord — for example, a roof leak that damages a tenant's business property. It is typically included in a commercial property policy.
Do commercial property owners need environmental liability insurance?
Older commercial buildings may contain asbestos, lead paint, underground storage tanks, or other environmental hazards. Environmental liability insurance covers cleanup costs and third-party claims arising from these conditions. It is particularly important for properties built before 1990.
Can I insure multiple commercial properties under one policy?
Yes. A commercial property portfolio policy covers multiple buildings under a single policy with one renewal date. This simplifies administration and can provide better pricing than insuring each property separately. Oracle RMS can structure a portfolio program for any size of commercial real estate portfolio.

Ready to review your coverage?

Speak with a licensed broker at Oracle RMS — by phone, video, or in person. We serve businesses across Canada.*

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* Commercial insurance services available across Canada, excluding Quebec.