Property Risks
Providing comprehensive commercial property insurance cover for all types of businesses, industries and sectors.
Understanding property risks is essential to protecting your investment and managing risk with confidence. Whether you own a strata property or commercial building, different types of insurances respond to different risks. Knowing what is covered, and what is not helps you to make informed decisions and ensure your property is adequately insured.
Our team of experienced insurance brokers provide clear, comprehensive advice tailored to your specific needs. We manage your annual renewals proactively and support you through the claims process, ensuring matters are handled efficiently.
Commercial & Residential Strata Insurance
Strata insurance is designed to protect the building and shared areas of strata property. This typically includes shared structures and services such as roofs, external walls, foyers, lifts, driveways, and other communal facilities, although the exact definition of common property depends on the strata plan.
Strata policies also include public liability cover, providing protection for injury or property damage that occurs in common areas.
It is important to understand what strata insurance does not cover. Exclusions generally include building defects, faulty workmanship and gradual deterioration. Additionally, lot owners generally still require contents or landlord insurance.
To ensure adequate protection, regular building valuations are essential. Keeping valuations up to date helps to prevent underinsurance, which can significantly reduce claim payments, leaving exposure to unexpected costs.
Commercial Property Owner Insurance
Commercial Property Owner Insurance is designed to protect the building itself against physical damage. This insurance covers the structure of the property, but does not extend to contents, equipment or stock.
Loss of rent cover may apply where rental income cannot be earned as a direct result of insured physical damage to the building.
Like all insurance policies there are important exclusions. Wear and tear, maintenance issues and tenant default are generally not covered. Properties that are vacant may have restricted cover, and insurers must be notified if a building becomes unoccupied.
To ensure adequate protection, the building should be insured for its full replacement cost, not market value.
Title Insurance
Title insurance protects property owners against unknown title risks that existed before purchase. The policy is taken out at settlement and provides protection for as long as the owner holds the property.
Cover can include undisclosed easements, illegal building works, boundary issues, and title defects. Known or disclosed issues are generally excluded.
Title insurance can provide valuable protection for both residential and commercial property owners by covering risks that may only become apparent after settlement.
Chat With A Broker
We’re always looking out for your best interests. With our in-depth knowledge of Australian and international insurance markets, we provide valuable business insurance advice on identifying risks and exposures so you can rest assured that your future is protected.
Claims
With our dedicated in-house claims team, you’ll never be left waiting on hold or passed from person to person. Instead, you’ll speak directly with a real, trusted insurance advisor who knows you and understands your business. As experienced business insurance brokers, we take the stress out of dealing with insurers by managing all the back-and-forth on your behalf.
We’ll walk you through your policy in plain language, ensuring you understand exactly what’s covered and where you’re protected. When it comes time to make a claim, we make the process quick, smooth, and focused on your best interests - that’s the real value of working with professional business insurance brokers.
FAQs
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No. Strata insurance covers sudden, accidental events not defects, gradual deterioration, or faulty workmanship.
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A professional valuation ensures the building is insured for replacement cost. Underinsurance can mean lower payouts if a claim occurs.
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The strata policy may respond, depending on the circumstances, however the strata committee may also seek recovery from the at fault owner.
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Only if the damage is caused by an insured event, like fire or storm. Normal wear and tear, negligence, or vandalism by tenants may be excluded unless extensions apply.
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No. Loss of rent covers income lost because the property is uninhabitable due to an insured event, such as fire or flood, not because a tenant stops paying.
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Landlord property insurance covers building-related issues. Tenants are responsible for contents, personal property, and sometimes liability arising from their use.
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Yes. Many landlords add glass cover, flood, machinery breakdown, or tenant default cover depending on property use and location.
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Your solicitor can check records and contracts, but they can’t uncover every historical issue or error in the title. Title insurance covers unknown defects that only appear after settlement.
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Definitely. Even a small boundary dispute or unapproved structure can lead to significant legal costs or lost value. The policy is relatively inexpensive compared to the potential financial risk.
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Yes, for commercial properties it can cover unknown easements, title defects, and restrictions that might affect future development or sale.
Contact Us.
To get in contact with a specific Integra team member, head to our People page to locate the broker you’re looking for.