Whether your business owns a retail outlet, office complex, warehouse or factory, the building and its contents are vulnerable to incidents that may result in extended downtime in operations and substantial repair costs.
A commercial property insurance policy is important for any business that owns or leases their premises. It helps to protect against damage to the property itself, as well as any contents and stock owned by the business.
What is Commercial Property Insurance?
Commercial Property Insurance (or Building Insurance) covers you against loss or damage done to non-residential properties. It can include a collection of relevant policies such as Strata Title and Landlords Insurance, depending on your specific property and circumstances.
Commercial Propetty Insurance is suitable for any type of commercial property including warehouses, shopping centres, factories and unit/apartment blocks.
A typical Commercial Property Insurance policy will provide cover for:
- Damage from floods, fire, or earthquakes
- Theft
- Malicious and accidental damage
- Loss of rent
- Personal injury/property damage
- Machinery breakdown
Some of the main options when arranging Commercial Property Insurance are:
- As part of your Business Package Insurance
- A Strata Title Insurance policy
- A Landlords Insurance policy
- An Industrial Special Risks Insurance policy. This is mostly for properties valued over $5 million.
How Coverforce Can Help
At Coverforce, we understand the varying requirements of commercial property owners. Our expert insurance brokers can help you to arrange different insurance solutions that can be tailored to best meet your specific risks, depending on the value of your insured property and how it’s used and managed.
For more information or to arrange cover, please contact us at 07 3613 7900. Alternatively, you can simply fill out the quote form below and one of our insurance brokers will get in touch with you shortly.
