Commercial Strata Insurance

Commercial Strata Insurance

This is insurance designed specifically for Commercial Property Owners and is ideally suited to commercial properties of any size.

The Commercial Strata Body Corporate can be insured ordinarily in different ways but depending on its size. There are specific packaged policies for properties up to a value of $35,000,000. Above these amounts, an Industrial Special Risks policy tailored to the risk is taken.

What does it cover?

The special package policies available generally have the following sections:

These policies are aimed at the Strata owner with lower risk type tenants. They do always include cover for high hazard tenant occupations, such as Wood Work, Tattoo Parlours and Large deep frying or Wok Cooking risks.

What are the benefits within the cover?

The following are an example of the types of benefits you might find in these policies

Section 1 – Property Insured

Section 2 – Property Owners Legal Liability

Cover for compensation the Insured becomes legally liable to pay for Personal Injury and Property Damage

Section 3 – Machinery Breakdown

Who can help me?

These policies do vary between insurers and they can be fussy with the regions they are prepared to offer these covers in. The best person to ask for the right cover at the best possible price is your Insurance Broker and if you are looking for a good one, then call

CPR Insurance Services – experts who will save you