Renee, I reached out to Kane Willmott who owns IQ Office Suites in Toronto (also board member of the Global Workspace Association). He advised using an insurance broker to help advise you on what is common and what is not (of course they'd be slightly biased towards wanting to cover you) - he provided the contact info for his broker:
*Ross Keegan BPHE, CAIB* *McKiee & Farrar Limited* *28 Colborne Street N.,* *Simcoe, ON* *N3Y 3T9 * *Phone: 519-426-2551 <519-426-2551>* *Fax: 519-426-1573 <519-426-1573>* *Email: [email protected] <[email protected]>* Best, Jamie Executive Director Global Workspace Association <http://www.globalworkspace.org> Founder, Enerspace Coworking <http://www.enerspacecoworking.com> On Monday, February 15, 2016 at 3:53:09 PM UTC-8, Alex Hillman wrote: > > Welcome to the list, Renee! > > >> 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... >> > > This varies tremendously from region to region, so I highly recommend > hitting up the Coworking Ontario group: http://coworkingontario.ca > > >> 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 think this is also a somewhat regional thing, but the only thing we're > required to hold is 1 and 2. Insuring your own belongings is part of > insuring a business, and public liability is pretty standard practice in > leasing as far as I understand. > > But insuring *their* stuff? Plate glass? Building machinery? I'd > personally push back on that unless local people say it's standard fare. > > My insurance agent Diane > <http://dangerouslyawesome.com/2015/03/how-to-get-the-best-insurance-for-your-coworking-space/> > > (who many US spaces have worked with) unfortunately only works with US > underwriters. But she may be knowledgable of industry practices in other > regions. Hit me up off list if you'd like an intro :) > > -Alex > > > > ------------------ > *The #1 mistake in community building is doing it by yourself.* > Join the list: http://coworkingweekly.com > Listen to the podcast: http://dangerouslyawesome.com/podcast > -- 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 [email protected]. For more options, visit https://groups.google.com/d/optout.
