Commercial Building
Insurance
Commercial Building Insurance
It is important for owners of commercial buildings to have the appropriate insurance coverage to protect their assets from unforeseen events such as fire, theft, or damage caused by natural disasters. With Insure Global, getting commercial building insurance quotes is made fast, simple and easy. Our experienced brokers can help you compare the insurance market and find the right policy to suit your specific needs. Contact us today to get started and ensure that your commercial building is properly protected.
What is Commercial Building Insurance?
Commercial Building Insurance is a crucial cover for property owners who lease their properties to tenants across various industries. This type of insurance provides comprehensive protection for the building, loss of rent, machinery breakdown, and public liability as a landlord.
It’s important to note that even if your commercial property is part of a strata complex, you should still have your own insurance in place to protect against risks that are not covered by the body corporate’s building policy.
By having Commercial Building Insurance, property owners can mitigate losses resulting from damages or accidents caused by their tenants or customers. It offers peace of mind that their assets are well-protected and financial losses are minimised.
What can be covered
- Accidental, malicious damage and perils (eg. fire)
- Loss of rent
- Damaged glass or signage
- Injury to third parties
- Landlord legal liability
- Machinery breakdown
- Tax audit
What may not be
- Flood, unless requested
- Tenant default
- Deterioration (wear & tear)
- Neglect, lack of maintenance
- Properties vacant for continuous periods (varies by insurer)
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