Commercial Real Estate
Commercial Property Insurance
Commercial property insurance is a comprehensive policy that is designed to protect property or control liability risks for property owners. It is a commercial insurance policy that allows you to flexibly choose the right terms to provide the right protection for your business. The commercial property you own may need to be covered for property damage, machinery breakdown, occupational safety and health legal liability and public liability risks.
Commercial property insurance is a broad term for a series of policies that provides owners either property protection coverage or liability coverage. It comes under Business Insurance, which is flexible and can be easily customised to fully protect your business. The coverage of your own commercial property may need to include material damage, machinery breakdown, OHS legal costs and commercial liability exposure.
If you need the right comprehensive business insurance policy at an affordable price, please contact the Collins Insurance Services team and we will assess the necessary coverage and provide a solution that meets your insurance needs.
As a commercial property owner, you will need to consider coverage for items including, but not limited to, property, business interruption, personal accident and sickness and glazing equipment, to name a few. The following is an explanation of some of these factors. Please read: What kind of coverage might you need as a commercial property owner? We have provided a summary for you here:
Damage to your buildings, contents and stock caused by fire and other listed perils, including accidental damage.
Covers a shortfall in your gross profit if your business is interrupted by an incident covered in Property.
Covers you for loss, damage or burglary for the insured property (e.g. tools) you take on the road with you or store at a worksite away from your main premises.
Provides a weekly benefit in the event of certain injuries, accidents or illnesses.
Protects your business against claims for accidental damage or injury caused to an individual or their property as a result of your work.
Commercial insurance policies are very complex. Depending on your industrial facilities and uses, you may need to choose different types of insurance configurations. If you make a mistake, it may bring certain consequences to you and your business. Insurance policies can be complex and misleading, causing trouble to you and your business. It will have adverse impact on your business if you get it wrong. Speak to one of our qualified and experienced brokers so they can advise you on what level of cover you require.