Specialist insurance brokers for commercial property & strata management requiring complex insurance programs.

Commercial Property Insurance
- Tailored advice from experienced industry brokers
- Comprehensive insurance account management
Commercial Property
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What Is Commercial Property Insurance?
Whether you’re a developer, property manager, or property owner, it’s essential to secure comprehensive commercial property insurance for your assets.
A foundational commercial property insurance policy includes building insurance, rental income protection, and public liability. However, modern insurance for commercial property has expanded to cover a broader range of risks, including:
Machinery Breakdown
Complex coverage for loss or damage to large machinery, plant, and mechanical equipment, with options to include coverage for the resultant business interruption costs.
Inducements
This covers the expenditure necessary to induce tenants to lease or re-lease a building following reinstatement after a loss (including partial leases) from insured events.
Loss of Attraction – General Area
Provides coverage option for the loss of rental income or disruptions in normal business operations should a key tenant vacate the premises (ex. A large supermarket in a small suburban shopping centre).
Claims Preparation Costs
Covers the cost of professional fees for the preparation, presentation and settlement negotiations for various types of large commercial property claims.
Loss of Attraction – General Area
Coverage for loss of rental income or disruptions in normal business operations if caused by the damage to a property adjacent from the insured property.
Key Areas of Focus in Commercial Property Insurance
Calculating Rental Income
When calculating the annual rental income for a property, one should factor in:
- Indemnity (recovery) Period, consider the following:
- Time to demolish and rebuild.
- Time for Council approvals.
- Time to re-tenant the building
- Minimum of 24 months recommended, your rental income will be covered for the period you select.
- Outgoings, which includes parking and utilities.
- Escalation costs over this period.
Insurer to Value
To ensure a claim is fully paid by the insurer, it is important that the property is valued at its full replacement cost.
We recommend having a professional insurance replacement cost valuation completed every 3 years to keep the value up to date.
Industrial Special Risk (ISR) Policy vs. Business Package Policy
An Industrial Special Risk policy provides cover for Buildings and Contents damage and Business Interruption cover by any cause not specifically excluded by the policy. This all-encompassing policy is designed for mid to high-value properties, typically from $5,000,000 upwards.
The Business Package offers protection for small to medium size properties, or small business owners against insured perils stated in the policy wording (fire, theft, vandalism, property damage, water damage, etc ). Typically not as comprehensive as the ISR policy, but can be more price competitive if the property is valued under $8,000,000.
Knowing Your Duty to Disclose
It is the legal responsibility of the person applying for insurance to disclose relevant information to the insurer before an insurance quote is accepted and the contract is entered into.
The insurer is within their rights to remove themselves from a policy if they become aware of a risk they did not previously know of.
Please contact us for general advice on your duty of disclosure if clarification is needed.

Why KBI for Commercial Property Insurance?
At KBI, our extensive network, strong industry relationships, and expertise in property risk management allow us to offer tailored commercial property insurance solutions.
We streamline the insurance process, providing expert advice to help clients understand their coverage and make informed decisions. Our team is dedicated to ensuring your commercial property insurance program meets your specific needs.

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Commercial Property
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