Commercial Property Insurance
Backed by years of industry experience, Coverscope helps business property owners confidently secure tailored insurance coverage.
Call Us: 1300 900 207
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Complete the form to request a FREE QUOTE. Call us at 1300 900 207 for immediate response.
Protect Your Property With The Right Insurance
As an owner of commercial properties, comprehensive insurance coverage for your building is crucial. Coverscope has decades of experience assisting clients with commercial property owners’ insurance.
Whether you own a small building with a single tenant, a large multi-tenanted (or multi-building) property, or anything in between, the team at Coverscope can find a solution that fits. We have dozens of insurers onboard to assist, including local Australian and Lloyds market options.
What Can It Cover?
The most commonly included cover sections are as follows:
- Property Damage: This is the main cover section, covering loss or damage to the building and structures at the premises. Events include accidental damage, fire, storm, water damage and more.
- Business Interruption: This cover section is critical, covering lost rent if the property is unable to be rented following a claim for damage to the property.
- Property Owners Liability: Public Liability as an owner of the property.
- Machinery Breakdown: Covers breakdowns of machinery , an example of this would be the air conditioning units.
Insurance Solutions For
- Warehouses
- Factories
- Workshops
- Single or Multi Tenant
- Commercial or Mixed Residential
- Shopping Centres
- Homemaker Centres
- Free Hold or Commercial Strata
- Offices
- High Hazard Tenants
- Inferior Construction (Timer / EPS)
- Partially or Fully Unoccupied
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Business Package Policies for Smaller Properties
If your commercial property is valued under $10 million, a business package policy can offer the right level of protection without unnecessary complexity. These policies are designed for smaller-scale operations and single-site businesses, providing bundled insurance coverage that typically includes property damage, liability protection, and cover for business interruption. It’s a practical and cost-effective way to manage everyday risks tied to your premises.
Industrial Special Risks for High-Value Properties
For commercial property portfolios worth more than $10 million, an Industrial Special Risks (ISR) policy is often the go-to solution. These policies are built for businesses with substantial assets or multiple premises, offering broader protection than standard cover. ISR insurance can include protection against major events like structural damage, equipment failure, or unexpected business disruption. With flexible terms and wide-ranging risk coverage, it’s a smart way to safeguard high-value business property from serious financial setbacks.
Your Trusted Business Insurance Partners, Wherever You Are
For immediate response please give us a call.
Our team continues to work remotely but you are welcome to arrange an appointment with one of our consultants.
Get a FREE QUOTE
Complete the form to request a FREE QUOTE. Call us at 1300 900 207 for immediate response.
Insurance Solutions for Every Commercial Property
Business Package Insurance
A flexible solution for small to medium businesses, combining property, liability, theft, and interruption cover under one policy. It’s tailored to suit different industries and premises types, making it ideal for owner-occupiers wanting comprehensive protection. Business Package Insurance simplifies coverage while helping reduce costs and admin time.
Commercial Strata Insurance
Designed for strata-titled buildings with multiple tenants, this policy covers shared areas like foyers, lifts, and external structures. It protects against events like fire, storm, and public liability. Managed by the owners’ corporation or body corporate, it’s a legal requirement in Australia for strata properties.
Commercial Landlord Insurance
This cover protects landlords who lease properties to businesses. It includes rental income loss, damage by tenants, and legal liability. Landlord insurance ensures property owners can recover financially from tenant disputes, disasters, or property damage, which is crucial for safeguarding long-term investment returns.
Industrial Special Risks (ISR) Insurance
ISR Insurance offers broad protection for businesses with assets typically over $5 million. It covers high-value properties and equipment against significant risks like fire, flood, and breakdown. The policy is highly customisable, making it suitable for complex or large-scale commercial operations.
Mixed-Use Property Insurance
For properties with both commercial and residential tenants, this policy protects against risks across both areas. It covers structural damage, common property, and liability. Ideal for buildings like shopfronts with upstairs apartments or units, offering tailored protection for diverse tenancy types.
What Usually Isn’t Covered?
Exclusions, and the excess you need to pay, and limits of liability
can vary greatly depending on your insurer and the requirements of your business.
Most policies have a similar set of exclusions, examples include:
- Flood: Water damage from storm and rain is covered, flood is typically excluded, however can often be added as an optional benefit.
- Wear And Tear: Insurance is not a substitute for proper building maintenance.
- Cover For Tenants Property: This is the responsibility of the tenant.
- Public Liability For Business Operations: The liability cover is for an owner of the property only. If you own the property and also operate a business, we can source a separate policy to combine the two (and save premiums in the process)
Do I need property owners liability if the tenant already has public liability?
Yes, claims for injuries sustained at the property are often made against the property owner and may not involve the tenant at all.
What about flood cover?
By default, Flood is excluded on most commercial property policies. This can often be added in as an optional extension.
Why does the tenant business affect the premium?
Some occupations are more hazardous than others. For example, a surfboard manufacturer or fibreglasser is a higher hazard than an office, therefore premiums for the building are rated accordingly. It can be a good idea to check with us before you settle on a new tenant in case their business activities push the premiums up too far.
I bought a commercial unit in a strata titled building, do i need to insure it?
Not usually, there should be a strata title building insurance policy in place for the body corporate. We can help with cover for your contents & fitout though – check our Business Insurance page.
Get in Touch
Simply fill in the form below and we’ll be in touch shortly, or feel free to call and tell us about your specific requirements.
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PO Box 7005, Mount Crosby QLD 4306
Our team continues to work remotely but you are welcome to arrange an appointment with one of our consultants.
Please complete the form to submit an enquiry.
