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Commercial Property Insurance

Commercial Property Insurance is essential for protecting your business property and assets. Whether you own or lease commercial space, this insurance coverage safeguards your investments, ensuring that you can recover from unexpected events that could otherwise disrupt your operations. 

Commercial Property - Office

What is Commercial Property Insurance?

Commercial Property Insurance is a type of insurance policy designed to protect your business property, including buildings, equipment, inventory, and other assets, from various risks and perils. These policies provide financial protection in the event of damage, theft, vandalism, natural disasters, or other unforeseen incidents.

With Commercial Property Insurance, you can focus on running your business with peace of mind, knowing that your physical assets are safeguarded.


Who needs this Insurance?

If you own any type of commercial property no matter what size or type, you need Commercial Property Insurance. It covers a range of different property types including warehouses, shopping centres, factories, office blocks, manufacturing plants, medical centres and more.

Commercial Property Insurance is crucial for a wide range of businesses, including:

  1. Property Owners: If you own commercial buildings, warehouses, or other business properties, this insurance helps protect your investments.

  2. Business Tenants: If you lease commercial space, you should consider Commercial Property Insurance to cover your equipment, inventory, and improvements you've made to the leased property.

  3. Small Businesses: Even small businesses with limited physical assets can benefit from this insurance, as it can protect against unexpected losses that could otherwise lead to financial hardship.

  4. Large Corporations: For large corporations with extensive property portfolios, Commercial Property Insurance is essential to protect a significant asset base. 


What can be covered?

Commercial Property Insurance policies can be customised to meet your specific needs. Your coverage may fall under a Business Package, Landlord cover or Strata policy. However, for larger portfolios and commercial properties valued over $5 million an ISR policy would be required.

Coverage typically includes:

  1. Building Coverage: Protects the physical structure of your business property, including the walls, roof, and foundation.

  2. Contents Coverage: Covers the contents inside your property, such as equipment, inventory, furniture, and fixtures.

  3. Business Interruption Insurance: Provides coverage for lost income and operating expenses if your business is temporarily unable to operate due to a covered event.

  4. Equipment/Machinery Breakdown: Covers the cost of repairing or replacing damaged machinery and equipment if it breaks down unexpectedly.

  5. Legal Liability: For personal injury and property damage


What may not be covered?

  • Flood is not always covered unless requested
  • Tenant default
  • Deterioration (wear & tear)
  • Neglect, lack of maintenance
  • Properties vacant for continuous periods

Our experienced brokers will work closely with you to assess your unique needs to ensure you Commercial Property Insurance provides the right level of protection.


How can we help?

At CoverMe, we are committed to providing comprehensive support and services to meet all your Commercial Property Insurance needs.

Already have Commercial Property Insurance? We'll review your existing policy to identify gaps or overages, optimizing it for better protection and finding the best value cover.

As your business grows, we'll guide you through extending coverage to accommodate new properties, assets, or ventures, ensuring your insurance portfolio aligns with your evolving needs.

Contact CoverMe today to discover how we can further enhance your Commercial Property Insurance experience. We would love to be your trusted advisors and partners in safeguarding your business and assets. 

Claims Examples

Fire Damage

A restaurant's kitchen experiences a fire, causing extensive damage. Commercial Property Insurance covers the cost of repairs and helps the business stay afloat during the closure.


A retail store is broken into, resulting in the loss of stock and damage to the store. Commercial Property Insurance reimburses the owner for the stolen goods and repairs.

Natural Disaster

A manufacturing facility is hit by a severe storm, causing damage to the building and equipment. Commercial Property Insurance covers the cost of repairs and equipment replacement.

Business Interruption

A bakery's oven breaks down, halting production for a week. Business Interruption Insurance covers lost income and ongoing expenses during the downtime.