Commercial Property Owners Insurance

Building Replacement and Reinstatement – Provides cover for the buildings, roadways, fencing, fixtures, fittings and any other improvements of a structural nature in Common Property areas.

Legal Liability – Covers the legal liability of the Body Corporate. This does not include cover for liability of the unit owner, except where liability relates to the Insured property or common contents.

Common Contents – Covers Furniture, Equipment, Appliances, Fittings and Works of Art (separate declaration may be required) in common areas.

Machinery Breakdown – Provides cover for damage to machinery caused by electrical or mechanical breakdown. This is an optional cover and extra premium will apply.

Loss of Rent and/or Alternative Accommodation – If a unit becomes uninhabitable as a result of a claimable event, the unit owner can claim loss of rent to either maintain their income stream, or to be able to rent elsewhere whilst repairs are taking place.

Office Bearers’ Liability – Committee members can be personally responsible for decisions they make on behalf of the Body Corporate. Office Bearers Liability protects committee members when liability has arisen from an alleged or wrongful act, omission or breach of duty.

Fidelity Guarantee – Protects the Body Corporate against fraudulent embezzlement or fraudulent misappropriation of their funds and tangible assets.

Personal Accident for Voluntary Workers – Provides compensation to any person who voluntarily works on behalf of the Body Corporate.