Whether your business owns a retail store, office building, warehouse, or factory, your property and its contents can be exposed to risks that may lead to significant damage, costly repairs, and extended downtime in operations.
A commercial property insurance policy is an important consideration for any business that owns or leases their premises. It helps provide financial security and protection against damage to the property itself, as well as any contents and stock owned by the business should an incident occur.
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, our expert team of insurance brokers will take the time to assess your individual requirements and exposures and deliver a comprehensive insurance solution that is tailored to your specific needs and budget.
For more information or to speak to one of our brokers about arranging cover, please contact us.
Alternatively, you can simply fill out a Commercial Property Insurance Quote form below and one of our insurance brokers will get in touch with you within one business day.
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