Protect your commercial property investment with tailored coverage built for Canadian landlords and property owners.
Partnerships With Over 15 leading Canadian Insurance Providers
Customers love choice. And they love saving too! At Munn Insurance, we deliver on both. As an independent insurance broker, we shop our extensive network of insurance partners to provide our customers with choices to provide the best coverage at the best rate. Some of the insurance companies we search for our customers include:
What’s Included in Commercial Realty Insurance?
A comprehensive commercial realty insurance program is designed to protect your property investment from the ground up; covering the building itself, the income it generates, the liability it carries, and the systems that keep it running. Coverage typically includes the following five core protections:
Commercial Property Insurance
Commercial Property Insurance covers your building and its physical assets against a wide range of insured events including fire, smoke, water damage, theft, and vandalism. For commercial landlords, this typically extends to the building structure, common areas, on-site fixtures, equipment, and any building-owned contents. Commercial property coverage is the foundation of any realty insurance program and is often required by lenders as a condition of financing.
Commercial General Liability
As a commercial property owner, you are responsible for the safety of anyone who enters your building. If a third party is injured in a common area, or if property damage occurs in connection with your building operations, Commercial General Liability insurance covers your legal defence costs, medical expenses, and any damages awarded.
Loss of Rental Income
If an insured event such as a fire, water damage, or a weather-related incident renders part or all of your commercial property temporarily uninhabitable, you may be unable to collect rent from your tenants while repairs are underway. Loss of Rental Income coverage reimburses the rental revenue you lose during the period of restoration, helping you continue to meet your mortgage obligations, property taxes, and operating costs even when your building is offline.
Equipment Breakdown
When critical equipment breaks down suddenly and accidentally, the cost of repair or replacement can be significant, and the disruption to tenants can trigger lease disputes or vacancy. Equipment Breakdown coverage responds to sudden and accidental mechanical or electrical failures, covering repair and replacement costs and helping you get systems back online quickly.
Cyber Liability Insurance
Property management operations increasingly rely on digital systems such as tenant portals, online rent collection, building access controls, and cloud-based management software. If your systems are compromised in a cyber attack or data breach, tenant personal and financial information may be exposed. Cyber Liability Insurance covers the costs of breach notification, credit monitoring for affected tenants, legal defence, and reputation management. As property management becomes more technology-dependent, cyber coverage is no longer optional for professional commercial landlords.
Who Needs Commercial Realty Insurance?
Commercial realty insurance is designed for anyone who owns, invests in, or manages commercial real estate as a business. If your income depends on the performance and condition of a commercial property, you need coverage tailored to that risk. Munn works with:
Already Insured? It Might Be Time for a Second Opinion.
Many Atlantic Canada commercial property owners haven’t reviewed their insurance program since they first acquired their asset or since their last renewal came in and they simply accepted the increase. In that time, your building may have been renovated, your tenant mix may have changed, or your portfolio may have grown. Your policy should reflect the property you own today, not the one you insured five years ago.
At Munn, we offer a no-obligation renewal review for commercial property owners: an independent assessment of whether your current coverage limits, exclusions, and premiums are still the right fit.
We compare your policy against the market across our 15+ carrier network to identify whether you’re overpaying or underprotected.
Contact Marcel at [email protected] Or toll free at 1-855-726-8627
Real people.
Our customers love to save.
I am incredibly impressed with Munn. The person I spoke with really cared about my needs and didn’t brush me off as some competitors try to do.
They actually listened, did all the legwork, and came back with cheaper quotes on over five of my policies … I’d definitely recommend reaching out to them at MUNN. It was absolutely worth it for me.
I thought it would be difficult to switch from my current insurer – but my new policy was easy to set up! Plus I saved on my car and home insurance.
Frequently Asked Questions about Commercial Realty Insurance
Yes. A property management company manages the day-to-day operations of your building, but they do not carry insurance on your behalf. As the building owner, you remain the party legally and financially responsible for the property including liability claims, property damage, and loss of rental income.
A comprehensive commercial realty insurance policy typically includes:
- Commercial Property Insurance: Covers the building structure, common areas, fixtures, and on-site equipment against fire, water damage, theft, vandalism, and other insured events.
- Commercial General Liability (CGL): Covers third-party bodily injury and property damage connected to your building operations i.e., tenant and visitor injuries in common areas, slip and falls, and related liability events.
- Loss of Rental Income: Reimburses rental revenue lost if your property becomes temporarily uninhabitable due to an insured loss helping you meet mortgage and operating obligations during restoration.
- Equipment Breakdown: Covers sudden and accidental mechanical or electrical failures of HVAC systems, boilers, elevators, electrical panels, and other critical building equipment.
- Cyber Liability Insurance: Covers costs from data breaches affecting tenant information held in your property management systems.
The cost of commercial realty insurance varies based on several factors:
- The type, size, and age of the commercial building
- The number of tenants and nature of their occupancies
- Building location and local weather risk (particularly relevant in Atlantic Canada)
- Replacement cost value of the building and its contents
- Coverage limits and deductibles selected
- Claims history for the property or portfolio
As an independent broker, Munn shops your coverage across 15+ Canadian insurers to find the most competitive rate for your commercial property. Already insured? Our renewal review can identify whether you’re paying more than you should or carrying less coverage than your investment requires.
Commercial realty insurance is a specialized insurance program designed for businesses and individuals who own, invest in, or manage commercial real estate. Unlike standard property insurance, it is tailored to the unique risks of owning income-producing commercial buildings such as office spaces, retail properties, industrial units, and commercial condominiums.
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