Commercial Property Insurance
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.
Commercial Property Insurance
Rely On A Reputable Insurance Broker
What Is Commercial Property Insurance?
Commercial property insurance policies can provide comprehensive coverage for commercial properties across various industries. It allows owners to be protected against financial losses that could occur as a result of anything from malicious damage and natural disasters to machinery breakdowns and public liability. Generally speaking, these policies are more complicated than residential property insurance.
Choosing the right policy is essential for all property owners as it protects your assets and investments. It is a complex purchase that needs to be done right as it could potentially save your investment. Especially in a country like Australia, where natural disasters are unfortunately extremely common.
What can be covered
- Accidental, malicious damage and perils (eg. fire)
- Loss of rent
- Injury to third parties
- Damaged glass or signage
- Landlord legal liability
- Machinery breakdown
- Tax audit
What may not be
- Floor, unless requested
- Tenant default
- Deterioration (wear & tear)
- Neglect, lack of maintenance
- Properties vacant for continuous periods (varies by insurer)
Get Started With Commercial Property Insurance
Protect your commercial property investments from accidental loss or damage.
Why Insure Your Property?
Some policy features can include the following :
Building Coverage:
Provides cover in case damage arises to the building, structures and or to any renovated parts of your building. It can also include coverage for fixtures that are attached to the building, including cabinetry or air conditioning
Contents Cover:
This covers the contents inside your building, such as the furniture and equipment. Please note, if you are a property owner leasing your premises unfurnished, you may require your tenants to insure their contents.
Building Interruption Cover:
This can provide cover for the loss of income if your premises are damaged by an insured event (such as a fire or storm). However, it is important to note that this does not cover ‘tenant default’ (so there is no cover if a tenant just falls behind on their rent) and you will not receive any compensation if the event which caused the damage was not covered (for example if you do not have flood insurance).
Landlord Liability Cover:
Landlord Liability coverage allows you to be covered in the event of an accident that results in personal injury or damage to third-party property on your insured building. This could be as simple as someone slipping whilst visiting your tenant’s business, saving you costly legal fees.
Others:
While no one likes to think about the possibility of experiencing a loss, it’s important to be prepared in the event that something does happen. That’s why commercial property insurance is such an important safeguard for any business owner. Don’t wait until it’s too late to get the coverage you need – give us a call today to learn more about our commercial property insurance options.
Commercial Property Insurance Claim Example
James is the owner of several commercial properties, including a newly purchased tenanted industrial unit. He mentions this to his broker but tells him not to worry because he’s covered by the body corporate’s insurance.
His broker insists that he should at least take some coverage for internal fittings, loss of rent, and public liability, and James eventually agrees.
Shortly after, James is served with a notice of injury from a customer visiting his tenant, who slipped on a spill in the common area. The injured customer sued serving on James, the body corporate and his tenant, alleging they were all responsible for the injury.
James’ insurer indemnifies him and settles the claim with the other two insurers, each paying out $30,000 to the claimant. By having this policy, James avoided paying out his own legal costs to defend himself, and his only expense was a $500 excess.
Why Choose CIB?
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Our Expertise
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
Your Partner
Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.
Clear Terms
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
Full Cover
We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.
What our clients have to say
109 James St, New Farm
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When it comes to insurance, I always end up feeling frustrated. Home insurance in particular gives me a real headache—what type do I need? Owner-occupied, investment, contents… should I have contents for both or just one?Technology … More makes it easy to click through everything on your phone, but when you actually need a real person to guide you, there’s no one there. I recently realised I was insured for the wrong things—or not covered at all.So I called Tracey Friedland, whom I’ve worked with for a long time for business insurance and renewals. I asked, a bit humbled, “Do you only help with business insurance, or can you help with personal insurance too?”Tracey’s warm and confident reply was, “Of course, we can help!” What a relief.Within half a day and just a couple of phone calls, she had everything sorted—building insurance, contents, landlord cover—accurate, complete, and finally done properly. All my concerns were gone.What else can I say about Tracey Friedland?An absolutely amazing lady.
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Gina was fantastic in organising our home and contents insurance. I had to go back multiple times with changes, and she was always patient, responsive, and incredibly helpful. She made the whole process easy, and got us a … More great price too. Highly recommend!
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Clayton Rowlings did a wonderful job for me. He's very knowledgeable on everything about insurance. He's also an excellent communicator, being able to listen and understand my needs and then advise me accordingly. … More He got me a deal about 30% cheaper than the one I got from my existing stockbroker. This occasion of getting an insurance quote was the best experience I have ever had so far in my lifetime and I'm 67 years old!
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I cannot recommend Aimee Spencer highly enough. She didn't just sell me a policy; she genuinely cared about understanding my specific coverage needs. Not only did Aimee take the time to genuinely understand my specific … More coverage needs, but she proactively ensured all necessary documentation was issued and delivered well ahead of my deadline. If you are looking for an insurance broker who is competent, caring, and truly operates with your best interest in mind, look no further.
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I couldn't be happier with the professionalism and high service standards I've experienced since first contacting CIB back in March 2025 for an insurance quote.I have been assisted by Tracey Eaton who is always … More at the end of the phone when I call or quick to respond on the off chance she's not available.Tracey is very friendly, patient, informative and knowledgable. She is authentic and from my initial contact (and further ones since) Tracey goes to the lengths necessary to answer all my questions by explaining and adding extra information, or providing examples in straightforward terms, and conducts any follow up very promptly and effectively.My insurance need wasn't for a common residential property, and staff at numerous other insurance companies I'd approached didn't know if they could arrange cover or couldn't.By the time I'd got CIBs contact info I was frustrated, skeptical and I didn't have confidence I was going to find an insurance product I was after.Straight away Tracey said she was pretty sure she could find an insurer who would be able to offer me insurance, as she was aware coverage in the past had been' obtained for similar properties and circimstances. Within a short time she was back in contact confirming it was possible.Subsequent quotes were reasonable and provided options, and the policy statement info was easy to understand.After many dead-ends with a lot of enquiries I'd made of other insurers, previously, and a lot of wasted time and dealing with other people nowhere near as interested to help or knowledgeable about available imsurers ... my contact and experience with Tracey and CIB was so easy, hassle free and re-assuring. I ended up with everything I needed and for a competitive premium.A couple of other employees of CIB who I've also spoken to, including Mark McGuire, have been just as helpful, interested and committed to providing great communication and assistance to me.It's evident the employment standards, training and management support or practices result in recruiting good people, who enjoy their job and are good at it.I couldn't be more satisfied and I believe I'm in good hands. I continue to receive fast, friendly, genuine assistance on the couple of occassions I've had further contact since taking out my policy.Thanks Tracey and to your colleagues, you display a passion and commitment to present the best side of the insurance industry, in the best interest and for benefit to your client.I hope many other people get to have the same positive experience as I have.
Why Use A Commercial Property Insurance Broker?
Insurance brokers are professionals that work on your behalf to secure an insurance policy that meets your unique insurance requirements and risk management needs. They help you understand the terms and conditions of the policy and negotiate the best price available. As they have access to policies that are not available to the public, they are able to offer you competitive quotes from reputable insurers.
So don’t do it alone – let Consolidated Insurance Brokers help you find the perfect commercial insurance policy for your business
Here at Consolidated Insurance Brokers we help you identify your unique insurance requirements, to make sure we find the best Commercial Property Insurance policy for you. Don’t wait until it’s too late, get expert advice from one of our knowledgeable insurance brokers today. We will provide you with the guidance and support you need to make the right decision for your property.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
No Obligations, Completely Free
Get a Quote Today
Talk today with our team to find the right kind of insurance that will suit your needs.