Whether you’re a commercial property owner or commercial property investor, Commercial Property Insurance is designed to help you protect your commercial property interests.
Whether you own a Retail Shop, an Office Space, an Industrial Unit or a Shopping Centre……. it is important to have the right insurance to protect your commercial property interests.
The 2 main types of Commercial Property Insurance policies in the marketplace are:
- Commercial Property Owners Insurance
- Commercial Property Landlords Insurance
COMMERCIAL PROPERTY OWNERS INSURANCE
Commercial Property Owners Insurance is where you own the commercial property and operate your business from the same premises, basically being the owner and tenant in one.
Insurance Covers available under a Commercial Property Owners Insurance policy include:
- Property Damage: Providing cover for loss or damage to buildings, fixtures and fittings
- Public Liability Insurance: Covering legal liability associated with personal injury and property damage claims to others.
- Glass: Damage to fixed glass internally and externally.
- Machinery Breakdown: Damage to machinery items such as air conditioners, lifts/escalator, generators, pumps.
- Tax Audit: Such as professional fees associated with a government audit or legal costs associated with appealing a work place health & safety order.
COMMERCIAL LANDLORDS INSURANCE
Commercial Property Landlords Insurance is where you own the commercial property and lease the property to a third party in exchange for a rental amount.
Insurance Covers available under a Commercial Landlords Insurance policy include:
- Property Damage: Providing cover for loss or damage to building and landlords fixtures and fittings
- Loss of Rent: Where loss or damage insured by policy makes your property uninhabitable and you lose rental income
- Rent Default: Loss of rental income due to tenant default or lease abandonment
- Public Liability Insurance: Covering legal liability associated with personal injury and property damage claims to others
- Glass: Damage to fixed glass internally and externally
- Machinery Breakdown: Damage to machinery items such as air conditioners, lifts/escalator, generators, pumps.
- Tax Audit: Such as professional fees associated with a government audit or legal costs associated with appealing a workplace health & safety order.
Some of the main triggers or events that could give rise to a claim being made under your Commercial Property Owners or Landlords Insurance policy are:
- Fire
- Storm
- Cyclone
- Earthquake
- Water Damage from burst / blocked pipes
- Impact damage (vehicles, trees, power lines etc)
- Accidental damage
There are of course other policies that may be suitable for your business. Whilst the above policies are commonly taken, we also understand that no two businesses are the same. We will help you understand what cover you should consider may be appropriate for your business.
To discuss your specific Commercial Property insurance needs further, please call us directly on 1300 677 449 or fill out your details below and we will be in touch shortly.
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QUICK LINKS
Ironbark Insurance Pty Ltd endorses the Insurance Code of Practice. To obtain a copy of the code, click here.
Ironbark Insurance Pty Ltd
9 / 4 Dalton Street, Upper Coomera Qld 4209
PO Box 622, Ormeau Qld 4208
Ironbark Insurance Pty Ltd ABN 12 166 969 213 AR 452670 as Authorised Representative of PSC Connect ABN 23 141 574 914 AFS Licence No 344648.
The information provided by Ironbark Insurance Pty Ltd on this website is for general information purposes only, it is not a substitute for professional advice. You should always consider the PDS/Policy wording before making a decision. Coverage may differ based on specific clauses in individual policies. For our services and remuneration details, refer to the FSG on our website or by requesting a copy.
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