Commercial property insurance covers your physical assets, including your building and its contents, from weather impact, accidental damage, or business interruption.

Based in Hurstville, CIG insurance helps you navigate the complex landscape of commercial property coverage so your business can be protected. We understand that no two properties or businesses are the same, which is why when it comes to commercial property insurance, a one-size-fits-all approach just doesn’t work.

As a business owner or investor, protecting your assets and future is paramount. Our team provides tailored advice and solutions designed for your unique circumstances to ensure you have the right protection in place.

What does Commercial Property Insurance Cover?

Commercial property insurance refers to commercial properties, like offices, shops, warehouses or industrial spaces, and protects them from a variety of risks.

It is designed specifically for business owners who need protection from the unknown and want to ensure that their business isn’t affected.

Standard policies typically include:

Damage to Buildings: Covering physical damage caused to the property or its contents from accidents, fires and natural disasters.
Business Interruption: Providing financial coverage for income loss if the property becomes unusable because of an insured event. So, you can ensure your cash flow is consistent whilst you recover.
Weather Damage: Protection from fires, explosions, earthquakes and lightning strikes.
Theft and Foul Play: Coverage against criminal acts such as forced entry, stolen assets, and intentional vandalism by third parties.
Glass Breakage: Replaces both internal and external glass, such as signage and displays.

Your commercial property insurance policy can be tailored to your needs by assessing your business scenario and where it would require the most coverage or support.

What Commercial Property Insurance Doesn’t Cover

When deciding on an insurance policy, it’s important you understand the limitations of your protection so you can recognise any gaps in coverage:

Gradual Wear and Tear: Natural deterioration or maintenance costs.
Uninsured Events: Any actions or damage (intentionally or not) that is omitted from your policy.
Hazardous Activities: If high-risk operations happen on-site without approval from the insurer.
Design or Construction Faults: Any inherent design issues from defective construction or materials will not be covered.
Flood: Unless explicitly added on, flood damage caused by rising natural water sources is not included in commercial property insurance.

To ensure there are no nasty surprises if a claim is made, as brokers, CIG helps you understand these exclusions so you can know what to expect as a business.

Who Needs Commercial Property Insurance?

If you run a business that relies on physical premises, equipment, or specific stock in order to generate income, you should consider commercial property insurance.

Commercial Landlords: Protection for freeholders against damage to buildings and any loss of rent sustained.
Owner-Occupiers: Coverage for both structure and operations of businesses for those operating out of their own premises.
Tenants with Fit-outs: Businesses who lease their space and have invested in interior modifications.
Multi-site Operators: For companies scaling their operations that include managing regional or national property assets.

How We Arrange Your Commercial Property Insurance

As your specialist broker, we like to make our process easy for you to navigate.

We’ll handle everything from start to finish, so you can focus on running your business without worrying about what will happen when the worst happens. Here’s how it works:

Risk Review: We’ll start by understanding your business and risk profile to identify what could go wrong and how to protect you.
Market Comparison: We’ll head out to the market to negotiate a policy with the right insurer that covers you based on the identified risks.
Claims Support: We’ll be here for you all year round. Whether you need claim support, policy clarification or general advice.

We’ll handle it all, with your best interest first. All you need to do is reach out and get started.

Get a Tailored Quote Today

If you’re ready to invest in your business and protect its future, you can contact our team for more information on how we’ll match you to the right commercial property insurance policy.

We’ll consider every aspect of your business to ensure that you’re matched with a policy that protects and supports your business’s objectives.

Commercial Property Insurance FAQs

How much does commercial property insurance cost in Australia?

To get a specific estimate, we’ll need to know your location, business type, and how you run your operations. As your broker, we will compare the wider market to secure a competitive price that fits your budget.

Curious about Commercial Property Insurance?

Speak To One Of Our Brokers Today