Hello! This is my first time posting but I've been reading posts for several weeks and I have found some invaluable information, so thanks!
I am opening a Coworking space in Markham (a suburb of Toronto) and I'm negotiating an offer to lease a space. I have some questions about business insurance... 1- What insurance companies have Coworking owners/operators used in Ontario for their business insurance? I am shopping and don't know where to start! What do I ask for? How much are people paying in premiums? Looking for a ballpark... 2- What should the landlord's insurance cover and what should my tenant's insurance cover when it comes to the space? I am looking at leasing a space in a commercial condo, one unit in a plaza of about a dozen or so commercial units. This is what the landlord has put in the offer to lease: "10. INSURANCE: The Tenant shall provide the Landlord an insurance certificate with Landord as an additional insured party, and agree to insure the followings: i. Property of every description owned and operated by the Tenant, including but not limited to stock in-trade, furniture, alteration and other improvements not less than 100% of the replacement thereof; ii. Public liability coverage of 2 million dollars against personal injury, fire and other perils, contractual liability; iii. Plate glass replacement; iv. Broad form Boiler, machinery, air conditioning equipment and electrical apparatus; v. Business interruption insurance in such amount will reimburse the Tenant for any direct or indirect loss of earning attributable to all perils." I'm looking for opinions on iv. & v. mostly. Thanks for your help! Cheers :) Renée -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
