Commercial Property Insurance in Australia
Insurance Package for Commercial Property Building Owners
What is Commercial Property Insurance
Commercial property insurance in Australia is a type of insurance coverage that can protect commercial property owners’ financial interest whether if it’s rented out to a tenant or if you are an owner occupier of the retail store, warehouse or factory. Commercial Property Insurance is also sometimes known as Commercial Building Insurance. This type of commercial insurance policy can typically protect the property owner from damage or loss of their buildings, contents, and other assets used for business purposes by their tenants or themselves as owner occupier that may result in financial losses.
It provides coverage for risks that can occur to commercial properties, such as office buildings, retail stores, warehouses, factories, and other types of commercial premises. We can assist you with insuring your commercial property anywhere in Australia by arranging for a commercial property insurance package. We help solve your problems by understanding your needs and help you achieve your property investment goals.
Speak to one of our consultants today that would be happy to go through your risk exposures and advise your on the suitable protection for your business. We can provide you with a no obligation quote so what are you waiting for.
What’s usually covered in a commercial property insurance policy?
Commercial property insurance for factory, warehouses, retail stores, office buildings can include various covers, but generally speaking depending on industry below are some of the more common sections taken by the property owner to protect their asset.
Property damage including building, contents and stock insurance
Public Liability Insurance
Business Interruption Insurance (loss of rent)
Theft
Plate Glass Insurance
Machinery Breakdown (for things like lift, air conditioning etc)
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Insurance cover suited for your Commercial Property
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Protects you from liability claims of accidental damage or injury caused to an individual if you’re found to be liable. This policy also typically covers for the legal cost in defending your claim.
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Commercial Property Insurance provides coverage to your building as well as contents that you might own as a landlord. This can alleviate the stress if the building was damaged by fire or storm.
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We can include loss of rent cover to your commercial property insurance that protects your gross income which is the rent receivable from your tenant. This cover is normally triggered if there was damage caused by an incident that is covered.
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Glass cover under a commercial property owner policy can cover for breakage to shop front windows including sign writing. If this cover is taken, make safe costs can be included in the claim.
Who can we help
Industries that can we assist with property owners insurance:
Retail Shops
Offices
Manufacturers
Restaurants
Cafe
Education centre (including Registered Training Organisations)
Industrial
Warehouse
Healthcare (including doctors and dentist)
Multi or Single tenanted
Vacant Property
Typically, a customized Business Package policy can be arranged for Commercial Property insurance. However, for properties valued above $10 million, an ISR Policy alongside a Liability policy is recommended. Both policy types should encompass coverage for Loss of Rent in the event of property damage.
Contact us today!
Getting insurance for the first time or interested in getting a comparison quote? Complete the form and one of our advisers will give you a call back to discuss your insurance needs. We can also review your personal insurance, business insurance, public and products liability insurance at the same time. This will save you time as you would only need one point of contact for all your insurance needs.