Each commercial property has its own unique characteristics, but all are vulnerable to risks such as damage, loss, and theft.
If an incident occurs and your property is inadequately protected, you could face substantial financial and reputational damage.
Commercial Property Insurance, also known as Building Insurance, provides coverage for loss or damage to non-residential properties. This can include various policies tailored to your specific needs, such as Strata Title and Landlords Insurance, depending on your property's circumstances.
Do I need Commercial Property Insurance?
If you own any type of commercial property no matter what size or type, you need Commercial Property Insurance.
It covers a range of different property types including warehouses, shopping centres, factories and unit and apartment blocks.
What does this Insurance cover?
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
The main options when arranging commercial property insurance are:
- As part of your tailored Business Package Insurance
- A Strata Title Insurance Policy
- A Landlords Insurance Policy
- An Industrial Special Risks Insurance Policy. This is mostly for Properties valued above $5 million (Please note: you may also require a separate Public Liability Policy with this option).
General Advice Warning
The information provided on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice on this website is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making a decision based on this advice you should consider whether it is appropriate to your particular circumstances.
Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a disclosure document, including the Product Disclosure Statement (PDS) and, where available, Target Market Determination (TMD) relating to the product and consider the content before making any decision about whether to acquire the product.
Authorised by Clearlake Insurance Brokers ABN 16 651 113 861 AFSL 559829
How Clearlake Insurance can help
At Clearlake Insurance Brokers, we recognise the diverse needs of commercial properties. Our expert insurance brokers are here to help you arrange customised insurance solutions that address your specific risks, taking into account the value of your property and how it is used and managed.
For more information or to arrange cover, please contact us on 02 9037 8970 or simply fill out the form below and one of our insurance brokers will get in touch shortly.
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