Commercial Strata Insurance
Are you a body corporate committee member, and need fit for purpose commercial strata insurance? Consolidated Insurance Brokers make getting 5 commercial strata insurance quotes fast, simple and easy. Call us now to save time and compare the insurance market.
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 Strata Insurance
Rely on a reputable insurance broker
What is Commercial Strata Insurance?
Commercial strata insurance brokers specialise in the complex and varied needs of helping body corporate committees in protecting their assets.
With a wide variety of industries and tenants represented, insurance for a commercial property can very quickly become tedious. Additionally, a strong understanding of the local legislation is required to ensure your insurance is adequate – not just for your needs, but to satisfy legal requirements.
Experienced commercial strata insurance brokers have the knowledge and skills needed to make the process of compliance and protection of your properties simpler.
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 strata insurance
Have an experienced adviser to help you navigate the many variables and often large investments.
Commercial Strata Insurance claim example
James owns commercial properties, and mentions to his broker that he’s just bought a new tenanted industrial unit — but “not to worry it’s covered by the body corporate insurance.”
His broker insists that he should take out at least some cover for fittings, loss of rent and public liability. James accepts.
Shortly after, he’s served with a notice for injury to one of his tenant’s customers who slipped on a spill in the common area.
The injured customer sued, serving on James, his tenant and the body corporate alleging they were all responsible for the injury.
James’ insurer indemnifies him and settles on the claim with the other 2 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