Industrial Building Insurance
Your Industrial Building is a major investment and protecting it should be your priority. Commercial Property insurance is designed to protect industrial buildings, such as factories, warehouses and large industrial sheds. It will cover the buildings, landlords fixtures and fittings, contents if any, and rental income of the property owner from a range of potential risks.
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.
Industrial Building Insurance
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What is Industrial Building Insurance?
Industrial Warehouse and Factory insurance covers property and equipment from the risk of disasters. It includes building, landlords fixtures and fittings coverage, loss of rents, machinery breakdown, and your public liability as a landlord.
The industial property insurance cover will pay for repairing the landlords building and contents after an insured event, such as fire or storm damage.
That is why as a property owner, it is essential to understand your risks and have the right insurance in place to protect yourself. Even if your property is part of a strata complex, you should still insure your own contents and equipment, as the strata insurance will only cover the common areas and the building itself.
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 Industrial Building Insurance
Contact us now and speak to one of our friendly and professional insurance brokers.
Industrial Building 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
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 Street, New Farm
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Aimee Spencer has been helpful above and beyond expectations. Her patient and responsive attention to my multiple requests has meant that my business insurance renewal has been processed easily and efficiently. Natalie … More Smith
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Jim was able to negotiate a much lower premium than my previous insurer (with better cover). His advice and communication was clear and straightforward. Highly recommend his service.
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We have dealt with Tracey on several occasions, and each and every time she has been such a pleasure to deal with. Always helpful, positive and everything provided in a timely manner. She follows up where needed and usefull … More without ever being pushy.
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I have been dealing with Debbie Blanco in Consolidated Insurance Brokers. She has always been very helpful with any query or questions. I would highly recommend her for excellent customer service, product & service knowledge, … More prompt in responding, great in communication, and always comes up with competitive insurance deals / prices.
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Our business insurance has been handled by Consolidated Insurance Brokers for many years now. This year Aimee Spencer made our yearly renewal very easy with her guidance in our understanding of exactly what was covered and … More included with each Company's different Quotes. Appreciated .... thank you!
How can we help?
With access to a range of reputable insurers, and policies not available to the public, we can offer you a range of competitive commercial property 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.
Industrial Buildings have many variables, such as zoning and tenants’ industries, so it’s key to have an experienced adviser. Get the right building insurance coverage with nine building insurance quotes to choose through Consolidated Insurance Brokers.
Our experienced brokers can quickly scan the commercial insurance market for your factory or warehouse and ensure you have the best policy available to protect your specific assets and belongings.
Call us now and speak to one of our friendly and professional insurance brokers. We will provide you with no-obligation commercial building insurance quotes and advise you on what offer suits the best for your business.
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.
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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.