Commercial Landlords Insurance covers owners of commercial properties who lease to tenants across many various industries. It includes building cover, loss of rent if the premises are damaged, machinery breakdown and your public liability as a landlord.
Even if your property is part of a strata complex, it is important you have your own insurance as the property owner for the many risks which are not covered by the body corporate’s building policy.
Having commercial landlords insurance in place will also help mitigate losses from damage or accidents caused by your tenants or their customers.
We understand that you need a fit for purpose insurance, which is why our knowledgeable insurance brokers will work closely with you to find the best insurance solution for you. Our team at Consolidated Insurance Brokers offers:
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
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.
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
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.
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.
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With access to a range of reputable insurers, and policies not available to the public, we can offer you a range of competitive commercial landlords insurance quotes.
We’ll help you compare the price with the coverage offered for each, so you can make the best decision for your needs.
Commercial landlords have many variables, such as zoning and tenants’ industries, so it’s key to have an experienced adviser.
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General Advice Notice
Information provided is general advice only and has been prepared without taking into account any person’s particular objectives, financial situation or needs.