Commercial property insurance for property owners
Commercial property is a significant investment, and your rental income depends on the building staying in good shape and fit to lease. Whether you own a single shop, an industrial unit, an office building or a portfolio, we arrange cover that protects the asset, the rent and your liability as owner.
Risks commercial property owners face
- Fire, storm or water damage to the building
- Losing rent while the property can't be leased
- Injury claims from tenants' customers or visitors
- Breakdown of lifts, air conditioning and building plant
- Malicious damage or theft by tenants
- Restrictions on cover while the building is vacant
What commercial property insurance usually includes
Landlord Insurance
Building, loss of rent and property owner's liability for commercial landlords.
Industrial Special Risks (ISR) Insurance
For larger properties or portfolios that need broader cover and higher limits.
Strata and Body Corporate Insurance
For commercial strata schemes and owners corporations.
What to check before you buy
Read your leases alongside your policy. Leases usually spell out who insures the building, glass and plant, and whether outgoings like insurance are recoverable from tenants. Many policies restrict cover if a building is unoccupied for an extended period, so let us know as soon as a property becomes vacant. A current replacement valuation is the best protection against underinsurance.
Why work with a broker?
Policies that look similar on price can differ a great deal in what they pay for. As your broker, we act on your behalf: we ask the right questions about your business, compare options, explain the fine print in plain language and support you through any claim, wherever you are in Australia.
Common questions
What insurance does a commercial landlord need?
Typically building cover, loss of rent and property owner's liability, plus machinery breakdown for lifts and plant. Larger properties may suit an ISR policy.
Can I recover insurance costs from tenants?
Many commercial leases allow insurance premiums to be recovered as outgoings, but it depends on the lease and, for retail leases, your state's legislation.
Is my building covered while it's vacant?
Cover may be restricted after a period of vacancy, often a set number of days. Tell your broker straight away so cover can be arranged appropriately.
What is loss of rent cover?
Loss of rent cover pays the rent you lose when your property can’t be occupied because of insured damage, such as a fire or storm, up to the limit and period in your policy. It helps protect your income while repairs are carried out.
How often should I get my property valued?
Many owners obtain a professional replacement valuation every few years, and sooner after major renovations or a period of rapid cost increases. An up-to-date valuation is the best protection against underinsurance.
How to get a quote
Getting a quote for your business is simple, and there is no obligation. Call Carly on 0497 100 469 or send an email with your business name and ABN, a short description of what you do, your approximate turnover and number of staff, a copy of your current policy schedule if you have one, and details of any claims in the last five years.
If your contracts or lease set specific insurance requirements, send those too.
We will ask a few questions about your operations, approach suitable insurers on your behalf and come back with options explained in plain language, including what is and isn’t covered. Once you choose, we arrange your cover and send your documents, then review it with you at every renewal so your insurance keeps pace with your business.
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