Commercial Property Owners

Commercial Property Insurance on the Mid North Coast

Recovering With Confidence

From natural disasters to theft and fire, you never know what destructive events your business may have to face. That’s why we recommend taking out commercial property insurance. This kind of insurance plays a massive role in the recovery of your business and could make all the difference after an unexpected loss. Here at Insurance Advisernet Australia, we work with business owners throughout the Mid North Coast and Upper Hunter Valley, from Taree, Armidale and Dungog to Forster, Nelson Bay and Medowie.

Commercial property insurance is one of the best investments you can make for your business. A comprehensive policy can allow you to replace your entire building and its contents, using current prices, in the event of a natural disaster, theft or fire. Your plan will take into account the value of the building and an inventory of the physical assets. Our advisers will work with you to tailor your insurance plan, making sure it accurately reflects the value of your assets, from the building itself, through to equipment, stock and even income compensation.

What Is Commercial Property Insurance?

Financial damage induced by incidents has been the culprit behind many sinking businesses. But the good news is, investing in commercial property insurance can help your venture to stay afloat. Our team at Insurance Advisernet Australia is committed to providing rock-solid advice and helping our clients to find policies that suit their individual needs. We offer a range of commercial property insurance plans, covering some or all of the following:

Loss or damage to your business property
Loss of or damage to contents inside the building—fixtures, tenant improvements & fittings
Damage from falling trees, falling building fragments & nearby construction
Water damage arising from unexpected leaks
Accidental damage to the property—such as a vehicle collision
Machinery breakdown—industrial machinery & office equipment

Some policies also include business interruption compensation to ensure you’re covered as you rebuild. Other policies will include public liability insurance. Commercial property insurance typically does not provide coverage against the losses resulting due to tenants, but landlords’ insurance is available.

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Do I Need Commercial Property Insurance?

We work with business owners throughout the Mid North Coast and Upper Hunter Valley to ensure their premises are covered for loss or damage. From retail stores to hospitals, we can tailor commercial property insurance to account for the value of your property and assets. Here are some common business types that need to be insured:

Theatres & cinema halls
Hospitals & medical centres
Shopping malls & markets
Hospitality venues—resorts, pubs, take-aways, restaurants & hotels
Child care centres
Banks & airport buildings
Camp grounds
Retail stores
Worship centres
Factories & wholesalers

And more. If you’re not sure whether or not your business needs this type of insurance, make an appointment with our friendly team on (02) 6551 8712.

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What About Tenant Damage?

Commercial property insurance typically does not cover damage to your rental property caused by the tenants. For example, you would not be covered in the event of loss due to rent defaults. For protection in this scenario, consider taking out landlord insurance.

If your rental property is a unit, building insurance is often paid from your strata levies. Check with the body corporate to find out if this is the case. Of course, our friendly team are happy to answer any questions regarding insurance and help you find the right plan to suit your situation.