For Commercial Property Building Owners
Commercial Property Insurance
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What is Commercial Property Insurance
Commercial property insurance in Australia protects property owners' financial interests, whether the property is rented out or owner-occupied, such as retail stores, warehouses, or factories. Also known as Commercial Building Insurance, it covers damage or loss to buildings, contents, and assets used for business purposes, safeguarding against financial losses.
This insurance applies to various commercial premises, and we can assist you in securing a tailored commercial property insurance package anywhere in Australia. Our goal is to understand your needs and help you achieve your property investment objectives.
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)
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
Restaurants
Industrial
Multi/Single Tenanted
Office
Cafe
Warehouse
Vacant Property
Manufacturers
Education Centre
Healthcare
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.
What They Say About Us
Frequently Asked Questions
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Commercial property insurance provides financial protection for your business in the event of damage or loss to your property, its contents, and potential income loss due to business disruptions.
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If you own or rent a commercial property, having commercial property insurance is crucial. It protects your business against a range of risks and unforeseen circumstances.
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The required coverage amount depends on the value of your property, its contents, and the potential losses from business interruptions.
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Commercial property insurance includes various types of coverage, such as:
Building Coverage
Contents Coverage
Business Interruption Coverage
Landlord Liability Coverage
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Coverage specifics can vary by policy, but generally include damage from:
Fire
Storms
Theft
Vandalism
Water damage
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The cost is determined by factors such as the property's value, location, business type, claims history, and the level of coverage you choose.
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