Commercial Property Insurance in New Brunswick
FCNB describes commercial property insurance as protection for damage to or loss of business premises and business property or inventory. The useful comparison is the actual insured property, valuation basis, limits, deductibles and perils rather than a generic business-policy label.
What to know
Confirm the current contract, regulator guidance and WorkSafeNB status before applying this point to a specific business.
Confirm the current contract, regulator guidance and WorkSafeNB status before applying this point to a specific business.
Confirm the current contract, regulator guidance and WorkSafeNB status before applying this point to a specific business.
Confirm the current contract, regulator guidance and WorkSafeNB status before applying this point to a specific business.
List the property before choosing limits
Separate the building interest, tenant improvements, equipment, stock, tools and property off premises. A single guessed contents number can hide important sublimits or uninsured categories.
Replacement cost and business interruption are different questions
Property insurance addresses physical loss under its wording. Lost income or continuing expenses after a covered shutdown may require separate business-interruption protection.
Location changes the exposure
Flood, wildfire, wind, theft and fire exposure can vary across New Brunswick. Risk information can guide questions, but the insurer's contract determines coverage and pricing for the actual business location.
Verify the current New Brunswick requirement
Workers' compensation rules, insurance licensing and commercial policy wording can change. Use the primary source below before making a business decision.
FCNB — Business Insurance →