Unlike residential properties, commercial properties will likely have more complicated structures and internal systems such as wiring, electrics or heating and cooling systems. So, having your risks correctly assessed and a structured insurance program in place can make a difference to your business’s continued success. Commonly known as building insurance, commercial property insurance provides comprehensive coverage for various properties and business types. It ensures that businesses are protected against significant financial losses.
A commercial property insurance policy offers protection in various scenarios, gaining significant advantages for commercial property owners. This includes property damage coverage, third-party injuries on the premises, theft, machinery breakdowns, and more.
Unlike business interruption insurance, commercial property insurance covers physical losses that are costly to your business, ensuring claims can be made to minimise the impact of the damaged property.
We advise securing coverage for the following commercial properties:
While we recommend commercial building insurance for all properties, it is especially crucial for high-risk business premises, such as event spaces or shopping centres, which experience high foot traffic and are more susceptible to property damage. These locations face greater exposure, making comprehensive coverage essential.
We also recommend public liability insurance to protect against bodily injury claims in commercial spaces, particularly in high-risk environments where accidents are more likely to occur.
Although every business and its property is different, often with a variety of risks, a Commercial Property policy will typically cover your building, fixtures and fittings and everything contained within from the following risks:
Insurance isn’t always a one-size-fits-all policy. Whether you’re in manufacturing, food and beverage, hospitality, property owner, tradie or truckie, we’re here to help structure your insurance solutions to suit.
