Commercial Property Insurance provides coverage for loss or damage to Building, Loss of Rent following damage and Property Owner Liabilities.
The types of insured events that are covered by a Commercial Property policy include Fire, Storm, Water, Malicious Damage, Impact Damage, Accidental Damage, Cyclone, Earthquake. Flood is typically an additional peril that will need to be added onto a commercial policy.
A vast range of different property types can be insured:
- Retail
- Officers
- Manufacturing
- Telecommunications
- Education
- Health
- Transport
- Industrial
- Warehouses
- Manufacturing
- Multi or Single Tenanted
Other common property that you might find is covered under strata insurance may include some of the fixed parts of your unit, such as ducted air conditioning, but it will not cover everything. If you own or lease a strata property you should read the policy carefully so that you understand what is not covered in your unit.
