Owning or leasing a commercial property, whether it's a retail store, office, warehouse, or factory, comes with inherent risks. Unexpected events can lead to costly damage, repairs, and business disruptions.
Commercial property insurance is a vital safeguard for any business that owns or leases its premises. It provides financial protection against damage to the building, as well as any contents and stock, helping to ensure your business can recover quickly should an unexpected 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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