How Do I Get Insurance For A Warehouse In Canada?

How Do I Get Insurance For A Warehouse In Canada?

Given the amazonification of everything, many businesses are asking how do I get insurance for a warehouse in Canada?  Whether you are a Canadian or foreign company just looking to insure inventory in a Canadian warehouse or looking to buy and operate a warehouse in Canada the commercial insurance brokers at ALIGNED Insurance can help.  How do I get insurance for a warehouse in Canada is something our business insurance brokers are asked regularly and they can easily provide insurance solutions from the 50+ top Canadian insurers ALIGNED works with.

So… How Do I Get Insurance For A Warehouse In Canada?

There are some key steps that need to be taken to answer the questions how do I get insurance for a warehouse in Canada and we’ve outlined them below.

1. Select a Canadian commercial insurance brokerage to work with as commercial property insurance in Canada needs to be placed by a licensed insurance broker in the jurisdiction where the warehouse exists to be tax and regulatory compliant.
2. Collect the information about the warehouse that is needed to get it insured.  This includes providing what is commonly called COPE information within the industry along with the replacement cost for the building, machinery, empty racking etc. itself.
3. Calculate or estimate the amount of insurance needed to cover the inventory you are responsible for insuring at the warehouse (this can include inventory that your organization owns and property of others which you are responsible for insuring).
4. Allow the brokerage you selected to conduct negotiations with the mutually agreed list of insurers or the insurers they recommend to develop bindable quote options for you.