Commercial Strata
Insurance
Protecting a strata property goes beyond individual units; it requires coverage for shared ownership and associated liabilities. At Insuregroup, we help clients secure commercial strata insurance that meets legal requirements and provides practical coverage for multiple building occupants.
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What is Commercial Strata Insurance?
Commercial strata insurance protects the shared areas and common property of commercial or mixed-use strata buildings, such as offices, retail centres, medical suites, and warehouses. It’s essential for managing risks in properties with multiple occupants, especially those combining commercial and residential tenancies.
Mandatory in most states and territories, strata commercial insurance typically covers the building structure, public liability, shared contents, and legal expenses. At Insuregroup, we assist clients across commercial strata insurance Australia in sourcing policies that align with their property’s use and compliance needs. As members of the Steadfast Group, we offer access to a wide panel of insurers, providing flexibility in pricing, policy features, and cover options.
Why is Commercial Strata Insurance needed?
Who is it for?
Commercial strata insurance is usually required by law for any strata-titled commercial or mixed-use property. It provides financial protection for lot owners by covering shared risks, like structural damage, liability claims and loss of income, that aren’t covered under individual business or property insurance.
Whether you manage a retail arcade, office block, or multi-use strata development, this type of cover is essential. At Insuregroup, we help strata managers and owners’ corporations across Australia source policies that are not only compliant but also appropriate for the property’s specific usage and risk profile.
Why Insuregroup?
MONTHLY INSTALMENTS
We offer flexible payment options for commercial strata insurance, making it easier to manage cash flow while keeping your property protected.
EXPERT ADVICE
Our team specialises in commercial strata insurance and can guide you through complex coverage needs to help safeguard your building and shared areas.
QUICK QUOTES
Need commercial strata insurance in a hurry? We provide fast, no-fuss quotes so you can get covered without delay.
RANGE OF OPTIONS
We work with a range of insurers to offer access to different commercial strata insurance products so you can compare and identify policies that cater to your property’s needs and risk profile.
What Does Commercial Strata Insurance Cover?
Cover can vary depending on the insurer and the level of cover selected, but most standard commercial strata insurance policies are designed to protect the shared property and financial interests of lot owners in a commercial or mixed-use strata building.
A typical commercial strata insurance policy may include:
Building and structural cover
Covers the physical structure of the building, including walls, roofing, lifts, and fire protection systems.
Common contents
Includes shared equipment and furnishings in foyers, boardrooms, bathrooms, and common hallways.
Public liability
Protection against third-party injury or property damage claims that occur in shared spaces like entrances, car parks or stairwells.
Legal liability for committee members
Covers decisions made in good faith by the owners’ corporation or strata committee.
Loss of rent or provision of temporary premises
If an insured event makes part of the property unusable, this helps cover the resulting financial impact.
Optional extras can include catastrophe cover, machinery breakdown, or cover for voluntary workers. Our expert team at Insuregroup can guide you through your options and help you find a policy with suitable features for your commercial property.
What Isn’t Covered by Commercial Strata Insurance?
Like all insurance policies, commercial strata insurance has exclusions. Being aware of what’s not included can help you avoid gaps in coverage and make informed decisions about additional protection.
Common exclusions can include:
Contents within individual commercial lots
Business owners are typically responsible for insuring their own equipment, stock, and fit-outs.
Wear and tear or lack of maintenance
Damage from gradual deterioration, corrosion, or neglect is generally not covered.
Unauthorised alterations
Renovations carried out without proper approval or permits may be excluded.
Negligence or unlawful behaviour
Incidents caused by deliberate acts or failure to follow safety procedures or relevant legislation may be excluded from cover.
Always refer to the Product Disclosure Statement (PDS) for specific details, as exclusions vary between insurers. Not sure where your property stands? At Insuregroup, we can help review your current strata property’s commercial insurance policy or assist in finding an option appropriate to your needs.
Online Insurance Quote
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Our
Process
The Insuregroup insurance process – insurance solutions on demand.
01
Submit a Quote Request
Online or Call Us Directly
02
We Source
Competitive Quotes
03
Receive a Clear,
Detailed Quote Summary
04
Finalise
& Get Covered
Frequently Asked Questions
Who is responsible for arranging Commercial Strata Insurance?
In most cases, the body corporate or owners’ corporation is responsible for arranging and maintaining commercial strata insurance. This includes ensuring the building structure and common property are insured on behalf of all lot owners. It is also their responsibility to review the policy regularly to ensure it meets legal and operational requirements.
Does the policy include cover for public liability?
Yes, commercial strata insurance generally includes public liability cover. This provides protection against third-party injury or property damage claims that occur in shared areas such as foyers, stairwells, driveways, or car parks. It helps protect the owners’ corporation from legal and financial liability arising from incidents in common property areas.
Is machinery or lift equipment in the building covered?
Machinery such as lifts, shared HVAC systems, or fire panels may be included in commercial strata insurance. However, protection for mechanical breakdowns or faults is not always standard and may require optional cover. It is important to check the Product Disclosure Statement (PDS) or speak with a broker to understand what is included.
How can I get a quote for Commercial Strata Insurance?
You can request a commercial strata insurance quote through Insuregroup by contacting us directly or submitting a quote request form online. As part of the Steadfast Group, we have access to a wide network of insurers, allowing us to offer a range of commercial strata insurance options to suit your needs.
Are monthly premiums available?
Yes, we can arrange monthly payments. Easy and stress free!
When will insurance certificates be provided
How long does it take to effect cover and produce certificates?
The time taken for insurers to confirm the cover request is generally no longer than half an hour. We demand the best in quality and reliability and for this reason we have access to over one hundred national and international insurance providers. Being specialists in insurance, you can be confident our insurers will respond in a prompt and proficient manner, allowing us to deliver much quicker insurance quotes than many of our competitors
What about Insuregroup?
At Insuregroup, we have no affiliations with any insurers, so you’re guaranteed that we act solely in your best interests – our service is transparent and honest. This means when we search through insurance policies within our network of insurers, we select only those offering the most extensive cover for the most competitive available price!