You want to insure your property?

Let's look at it from your perspective

We know insurance can be very complex and you are looking for a personalized solution to meet your needs. Our goal is to simplify the way we present information to properly explain the value and help you make sense of it.

Discover your benefits

Here are the advantages and options available to you. A condominium insurance solutions program developed by our team of brokers and designed for the unique needs of condominium corporations.

Most condominium insurance solutions companies now need to share the risk with other insurers. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interests. Simply put, BFL CANADA has developed the ideal insurance program for you.

 

NOTE: The details and coverage limits below are for reference purposes only and may vary by province. For individualized information, please contact your broker.

Our Standard Coverage
PROPERTY

PROPERTY

A condominium corporation must obtain and maintain property insurance on the common property. The property insurance must be on the basis of full replacement value and insure against major perils as set out in the regulations, and any other perils specified in the bylaws.

PROPERTY EXTENSION

PROPERTY EXTENSION

We provide you an additional $1M in coverage on top of your basic policy insurance.

Get Core Protection with Higher Standard Limits
COMMERCIAL GENERAL LIABILITY

COMMERCIAL GENERAL LIABILITY

Protects the corporation, its employees and volunteers against claims made by third parties due to property damage, bodily injury and personal injury. No aggregate. Property Manager extension is available.

DIRECTORS AND OFFICERS LIABILITY

DIRECTORS AND OFFICERS LIABILITY

Protects past, present and future condominium council members against lawsuits made against them that arise from decisions or actions they have taken. Coverage includes human rights complaints and defense costs. The coverage also extends to the Property Manager.

VOLUNTEER ACCIDENT

VOLUNTEER ACCIDENT

Protects council members, unit owners and/or residents who are injured while volunteering. Age limit 90. Includes honorariums.

ENVIRONMENTAL LIABILITY

ENVIRONMENTAL LIABILITY

Protects the condominium in the event a leaking pollutant damages neighbouring properties or the environment. Each incident limit is
$1M.

EARTHQUAKE

EARTHQUAKE

Covers property in the event of an earthquake. Deductible between 5% and 15% – Minimum $100,000 to
$250,000.

TERRORISM

TERRORISM

Protects against riots, strikes, civil commotion, malicious activity and direct terrorist activity.
Up to $2M limit available.

Access the Necessary Means to Protect and Defend Your Interests
CRIME

CRIME

Protects the corporation’s liquid assets against theft by employees, council members and the property manager. The policy limit is intended to protect your operating expenses and reserve fund.
No deductible.

PRIVACY AND CYBER LIABILITY

PRIVACY AND CYBER LIABILITY

Condominiums and property managers rely on electronic record keeping and data storage. Online communities and social media tools are also emerging. Both present higher exposure under the Privacy Act. BFL CANADA protects the council members and the Corporation if it is sued for breaching those privacy laws. Coverage options with no deductible are also available.

LEGAL EXPENSES

LEGAL EXPENSES

An insurance policy that provides you with coverage for legal costs incurred in the event of a dispute related to your condominium. Choose from a panel of condominium lawyers, always there for you. No eligibility restrictions.


Representatives available across Canada

YOUR LOCAL TEAM

The BFL CANADA advantage in a competitive market

BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.

INDEPENDENT AND CANADIAN OWNED
100%
REAL ESTATE PROFESSIONALS
70+
EMPLOYEES
1000+
YEARS OF SERVICE
30+

WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?

We are insurance brokers, we don’t work for an insurance company.

  • We negotiate on your behalf to get the best protection, rate and deductibles.
  • We work with you to develop tailor-made solutions adapted to your reality.
  • We deal with all major insurers that specialize in your industry.
  • We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
  • We are solution seekers for companies of all sizes and every industry.

At BFL CANADA, we help our clients get peace of mind. Most insurance policies require various insurance companies to share the risk. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interest.

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