Whether you are a Developer, Property Manager, or Property owner, it is important to protect your investments from the many risks affecting Commercial Properties in Australia.

What is Commercial Property Insurance?

The foundation of a Commercial Property policy is based on Building Insurance, Rental Income, and Public Liability; however, Commercial Property Insurance has evolved to include a wider scope of coverages, such as:

Machinery Breakdown

Complex coverage for large machinery, plant, and mechanical equipment, with options to include coverage for the resultant business interruption costs.

Developments Costs

Allocates additional funds to the development of a property to attract new tenants if a property is damaged or destroyed.

Rent Default

Protection against the loss of income resulting from tenant eviction, receivership, cease of rental payment, and tenants vacating the property.

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.

Lease Incentives

Coverage for the costs required to attract new tenants to a property following a loss, including cash payment, reduction of rent, and additional fit-out expenses.

Loss of Attraction – Anchor Tenants

Provides coverage 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).

Additional Increased Cost of Working

This provides coverage for advertising costs, rent free periods, and to pay tradesmen overtime to speed up repair times and limit downtime. It also limits any reduction in turnover or revenue to maintain normal business operations.


This covers the expenditure necessary to induce tenants to lease or re-lease a building following reinstatement after a loss (including partial leases).

Claims Preparation Costs

Covers the cost of professional fees for the preparation, presentation and settlement negotiations for various types of large commercial property claims.

Fixed Costs Not Recoverable from Tenants

This covers certain after-loss expenses such as cleaning, taxes, pest extermination, building maintenance, and electricity.

Why should I contact HIFS?

At HIFS we have leveraged our networks, strong relationships, and our depth of knowledge in this space to customise insurance solutions for your needs.

  • Industry qualified and experienced team
  • Access to leading insurers and specialist insurers ensuring quality covers
  • Competitive premiums
  • Flexible payment options
  • Professional insurance review and free no obligation quotations

As experts in this area of insurance, we work closely with our clients to understand their unique needs. We approach insurance companies on your behalf to get a range of coverage and pricing options. We compare these options and present our recommendations to you. We then secure the insurance that you select and review it with you annually.

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  • St Kilda
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