Commercial Landlord risks include owned rented/leased properties and also, possibly, office/administration accommodation, depending on the nature of the operation. For owned commercial properties, at any one time these may either be vacant or occupied by tenants. Risks in occupied properties will vary with the occupation(s) of the tenants, the stock and materials stored on the premises, the types of processes or services performed and machinery and equipment used. Since property owners/operators can own buildings used for agricultural, manufacturing, retail, accommodation, wholesale and office functions (amongst others), the range of potential property risks is extensive.
IBG has access to a wide range of Underwriters offering business products that insure against such exposures. You can be assured that your interests are protected with comprehensive insurance policies and the support of an experienced broking team.
Our Commercial Landlord Business Insurance packages provide cover for areas as detailed below:
damage to buildings, contents/stock caused by fire, perils and accidental damage
Business Interruption/ Loss of Rent
Loss of rental income due to a total or partial loss in the rented property/ies.
Damage to machinery caused by breakdown/damage to equipment caused by fusion, explosion/collapse. Refrigerated or frozen goods can also be covered against deterioration.
Theft & Money
theft of contents and/or stock and money
breakage of internal and/or external glass and signs
legal liability to pay compensation for personal injury/property damage
Insure necessary Costs which are reasonably incurred up to the completion of an audit or investigation relating to your liability to pay income tax, fringe benefits, capital gains tax, GST, payroll tax, superannuation, payments tax, termination payment tax, or sales tax in respect of your business.
Get in touch with one of our experts today.