Realty Insurance

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As a building owner or property manager, you have a lot to take care of. Feel confident knowing your assets are protected with Aviva EnterpriseTM realty insurance. Available exclusively through insurance brokers.

Choose the right coverage

If you’re in the realty business we’ve got the experience to provide you with the right insurance coverage such as:

Realty

Property

Coverage* for your buildings (including upgrades), exterior glass and signs, towers, renewable energy equipment, sewers and utilities above and below ground on your premises**, and more.

  • your business contents (including while away from your premises), electronic  equipment (including laptops) on and off premises
  • landscaping and growing plants, trees, shrubs, lawns and flowers
  • master key
  • accounts receivable
  • building improvements and betterments
  • additional limits for bylaw coverage
  • building and environmental upgrade
  • clean up expenses for land and water pollution
  • exterior paving
  • firefighting expenses
  • infestation
  • privacy breach expenses
  • and more

Liability

Coverage to protect you in case of lawsuits for bodily or mental injury and property damage, personal and advertising injury liability, tenant’s property damage liability and voluntary medical payments.

Other features*:

  • employers' liability for Canadian resident employees
  • liability for non-owned automobiles
  • employee benefits errors and omissions (E&O) liability
  • wrongful eviction, wrongful entry or invasion of the right of private occupancy
  •  discrimination, unless criminal or employment-related
  • and more

Business income

Protection for your business income after a loss until your business returns to normal, including:

  • no dollar limit on loss of business income, extra expenses, or additional time due to bylaw compliance
  • payroll expense coverage
  • utilities service interruption
  • restricted access
  • negative publicity
  • mortgage rate guarantee
  • and more

Equipment breakdown

Protection for accidents to compressors, heating systems, electrical panels, mechanical or electrical machines or apparatus including production machinery. 

Coverage includes:

  • ammonia contamination
  • errors and omissions
  • fluid escape
  • hazardous substances
  • loss of income including fines and penalties, internet service utility service interruptions and restricted access

Crime

A broad range of coverages, including:

  • employee dishonesty
  • money, securities and other property
  • counterfeit currency and money orders
  • forgery, alteration, credit card and automated teller card
  • electronic fraud and funds-transfer fraud
  • incoming cheque forgery
  • coverage for damage to client or customer property 

Coverage enhancements

Realty extension

  • emergency evacuation expense
  • emergency removal of property of others
  • increased property management fees
  • negative event management expense
  • tenant’s relocation expense and more

Condominium or strata corporations

  • additional living expenses
  • betterments and improvements
  • common expenses
  • condominium unit owner property and trustees fees

Add even more protection

  • non-profit organization’s D&O (condominium/stratas)
  • privacy breach E&O liability
  • pollution 120-hour extension
  • commercial auto***
  • umbrella coverage provides an extra layer of liability coverage in the event of a catastrophic loss

*availability limited to certain operations

**premises means within your property lines, areas under adjoining sidewalks and driveways, and in or on vehicles within 100 m

***commercial auto is offered on a separate policy

Complex Risks

Some building owners and property managers have more complex risks than others, for example, you may own or manage buildings or properties in the U.S. If so, you require insurance to handle those needs.

Our experts will assist you with solutions if your business meets the following criteria:

  • Your annual revenue is more than $100 million
  • At least 25% of your revenue is generated by U.S. sales
  • You own a Canadian company and you own physical property in the U.S. that requires property insurance
  • You need to provide security, such as a letter of credit, to cover a large deductible
  • You could need a complex risk solution if you’re an apartment owner, own commercial or industrial buildings, or are involved with condominiums and strata corporation

Optional coverage

Enjoy standard features and customize your policy to your specific needs.

Commercial Accident

To cover medical and other out-of- pocket expenses if your employees are involved in accidents causing death or bodily injury.

Insurance solutions you need

With Aviva Enterprise™ Realty insurance,  you'll get these advantages:

Realty insurance experts

Experts who understand the unique needs of property owners.

One comprehensive policy

In addition to our broad base coverage, your policy can be customized with coverages and higher limits recommended for property owners.

Access to our wide network of claims professionals

In the event of a claim, we’ll help you get back on track by resolving it efficiently and hassle-free.

Frequently asked questions

We answer your questions on business insurance

Why do I need commercial property insurance for my business?

To keep your business operating you rely on having its physical assets protected, such as the building, equipment, inventory and stock, tools, contractor’s equipment, business income and rental income. A commercial property insurance policy protects your assets from damage or destruction.

What is Commercial General Liability (CGL) insurance? Why do I need it for my business?

CGL insurance is designed to protect your business from being found legally liable for injuries or property damage caused by your product, completed work or accidents on your premises involving visitors or customers, or at your customer’s location.  Standard coverage includes - Bodily injury and property damage liability, Personal injury liability, Medical payments and Tenant’s legal liability.  Every day your business is exposed to different liability hazards associated with the work you do.  No one thinks a claim or a lawsuit will be filed on their business until it happens. Having the right CGL policy for your business is one of the smartest decisions you can make to protect it.

What could happen if I don’t have the right coverage in place for my business?

Your business could be responsible for paying for claims or lawsuits on your own. These expenses could be in the form of damages to third parties, legal defense costs, replacement of uninsured property, among many others.  Depending on the nature of the loss, this could result in an unexpected expense for the business. Or in more severe cases, it could have a significant impact on the ability for your business to remain open.

Insurance brokers, the right choice for you

Get expert advice for your business insurance needs.