Commercial Property Insurance
As a business owner, you likely own property and assets that, if lost or damaged, could impact your operation through downtime or financial impacts from costly repairs or replacement.
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.
Do you need Commercial Property Insurance?
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:
- Warehouse and distribution centres
- Shopping centres
- Office buildings
- Gyms
- Educational facilities
- Hospitality spaces
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.
What can Commercial Property insurance cover?
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:
Protect your property from unexpected natural events like fires, floods, and other disasters, ensuring you’re covered when unpredictable weather damages your premises.
Protect your business assets against the financial impact of theft with coverage that helps you recover losses and get back to business quickly.
Damage to your business property, intentional or accidental, can be costly. This coverage ensures repairs are handled without breaking your budget and minimising the interruption to your daily business operations.
Cover potential liabilities if someone is injured on your premises or their property is damaged, protecting your business from legal and financial risks.
Ensure coverage for equipment or machinery breakdowns, minimising costly interruptions to your business and keeping it running smoothly.
Flexible insurance with a local touch
Insurance isn't always a one-size-fits-all policy. Whether you're in manufacturing, food and beverage, hospitality, a property owner, tradie or truckie, we're here to help structure your insurance program to suit.
Tailored insurance programs to suit your business risks, whatever your business, wherever you operate.
Highly trained insurance professionals to help you identify risks, manage your insurance program and support you with claims.
With 16 offices across Queensland and a national reach, you have access to support when you need it.
The insurance policy you choose depends on your personal needs and the requirements of your commercial vehicles. Our team will work closely with you to select a policy that provides the best coverage for your situation.
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