Commercial Insurance
Protection for your premises, contents and stock
Your building, equipment and inventory are vulnerable to damage — and the cost of repairs, replacement and downtime can be significant. We help you assess and reduce your property risks.
Why purchase commercial property cover?
If your business owns or leases a physical space, commercial property insurance is the safety net that keeps you afloat after property damage or related losses.
- Cover for your property — Reduces the cost of replacing damaged or lost property and equipment.
- Property-specific cover — Policies can be tailored to your particular premises, on top of general cover.
- Keep trading — Our claims team works to get the claim moving quickly so you can keep operating.
What do most policies cover?
Most policies cover a range of events. Here's a typical list — and just as importantly, what's usually excluded.
Stock is often insured separately or as an add-on — check with us so you know exactly what your policy covers before you need it.
- On-premises property loss or damage
- Accidental property damage
- Loss or damage to your contents
- Water-related damage (e.g. burst pipes, leaks, damaged water mains)
- Loss from theft, attempted theft, vandalism, assault, burglary or armed hold-up
- Signage damage (including glass)
- Goods damaged in transit
- Machinery malfunction (including technology, heavy-duty equipment and boilers)
- Civil commotion, including riots and labour disturbances
- Physical impact from tree limbs, vehicles, watercraft or neighbouring buildings
- Defined events: fire, earthquake, explosion, lightning, wind, rain, snow, sleet and hail
- Stock (often covered separately — see note)
- Jewellery
- Artwork
- Money
- Watercraft or aircraft
- Vehicles or trailers licensed for road use
- Livestock
- Architectural structures including bridges and railway tracks
- Flood (often offered as optional cover)
- Acts of terrorism
- Looting, invasion, war or rebellion
- Intentional damage
- Storm surges
- Actions of the sea (e.g. tidal waves), unless caused by a cyclone
- Employee fraud
- Bushfire or cyclone damage in the first days of a new policy (embargo periods apply)
- Accounting errors
- Operational errors (e.g. faulty workmanship, regulatory non-compliance)
- Damage from insects and rodents (including termites)
- Gradual and natural wear and tear
Get a quote today
Cost of cover
Weigh the premium against your budget, and compare options to find cover that fits your situation.
Range of cover
Make sure the sum insured matches what it would actually cost to rebuild or replace. Review the policy with us and we'll confirm the right level of cover.
From our clients
“Our dealings with KeyInsure have always been very friendly and helpful, also very quick response and professional advice. Pretty sure they save us money on our insurances also. Thank you.”
KeylendWho needs this cover
Commercial property insurance is for anyone who owns, leases or is responsible for a commercial building or the contents inside it.
- Owners of shops, offices, warehouses and industrial units
- Landlords of commercial and mixed-use buildings
- Tenants responsible for fit-out, plant and contents
- Owner-occupiers running a business from their own premises
- Investors with a portfolio of commercial properties
- Businesses with significant plant, machinery or stock
What affects your premium
Property premiums are driven by what is insured, where it is and how well it is protected.
Sum insured
The replacement value you insure for. Underinsuring to save premium can leave you short at claim time.
Location
Postcode drives exposure to storm, flood, bushfire and crime, and insurers price each area differently.
Construction and age
Building materials, roof type, age and condition all affect how a property is rated.
Occupancy and use
What happens inside the building — a restaurant is rated differently from an office.
Security and protection
Alarms, locks, sprinklers and monitored security can reduce the premium.
Claims history
Past claims — yours and, in some cases, the industry’s — affect what insurers offer.
Common questions
What is the difference between replacement value and indemnity value?
Replacement value pays to rebuild or replace as new. Indemnity value deducts depreciation, so you receive less. Many owners insure for replacement value so they are not out of pocket after a loss.
Is flood covered?
Flood cover varies between insurers and is sometimes optional or excluded in high-risk areas. We check the wording and the property’s flood exposure before recommending a policy.
What does loss of rent cover do?
For landlords, loss of rent replaces the rental income you would lose while the property is repaired after an insured event, for an agreed period.
Who insures the building — the landlord or the tenant?
Usually the landlord insures the building and the tenant insures their own contents, stock and fit-out. Your lease sets out who is responsible for what, and we can review it with you.
Related cover
Ready when you are
General advice only. Consider the relevant PDS & TMD before acquiring any product.