Commercial strata insurance provides protection for buildings, contents, common property, and liability for commercial strata properties. Insurance for these properties is mandatory, with each state having different legislative requirements. Thus, it’s in your best interest to insure your property with a company that is up to date with the applicable requirements.
Our brokers possess extensive knowledge of commercial strata title properties requirements that enable them to assess and market your property insurance to ensure you’re protected. Your insurance policy can be tailored to suit a wide range of commercial strata property types, from retailers to multi-tenancy offices and more.
Learn how EWIB can help you
At East West Insurance Brokers, we aim to ensure your commercial strata policy covers material damage as a result of an insured event. Your policy will also provide coverage for proprietors’ fixtures, fittings, and improvements which form part of the building.
Our brokers are able to tailor and arrange the appropriate cover in providing your business with high-level protection against risks during the delivery of goods and merchandise, from the time your goods leave to the time it arrives at its destination.
The commercial strata insurance policy is made up of many sections providing a comprehensive package for your property.
Why Is Commercial Strata Insurance Important?
Commercial strata insurance is like any other form of insurance, there are restrictions on the policy where each insurer that we are in contact with has different exclusions, policy terms and conditions.
Every apartment building is different and comes with different risks, one may be in a location more prone to a cyclone and one might be exposed to floods, or built in a way where it may be more vulnerable to fire. However, every insurance policy is also different and precautionary actions must be taken to ensure the policy matches its risks and complies with regulatory requirements in each State. Additionally, commercial strata policies can vary widely depending on what needs to be compensated by the corporate body in the event of a claim.
At East West Insurance Brokers, our experienced broking team can guide you through the available options on commercial strata insurance and aim to help you find the best solution most suited to your commercial property.
We will also extend our help and support in the event of a claim. We know that having an extra layer of protection for your commercial property will ensure you have peace of mind.