Common property and occupiers
Identify the building, shared services and actual activities in every tenancy. A tenant’s stock, equipment and income should not be assumed to form part of the scheme’s property cover.
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Commercial Strata Insurance
Commercial strata brings common property and separate business occupancies into one building. The scheme’s insurance and each business’s property and trading interests need to remain distinct.
Who it is for
Commercial or mixed-use strata schemes discussing common property and separate occupiers.
Explore the cover
These are areas to discuss, not an automatic inclusion list. Available sections and cover depend on the selected wording and schedule.
Changes in use
A new tenant, vacancy, fit-out or mixed residential and commercial use can affect the proposal. Describe the actual mix rather than applying an assumed universal eligibility percentage.
A commercial-specific review
Use scheme records, construction details and rebuilding information to review the selected commercial wording. The activities in a commercial or mixed-use building need assessment in their own right.
Information for quotations
Describe scheme, construction, all occupancies, common facilities, tenants, fit-outs, vacancies, building values and existing documents.
Limitations and exclusions to discuss
Scheme property, tenant assets and each business’s trading activity are different interests. Mixed use and changes of occupancy need product-specific assessment.
Frequently asked questions
Does commercial strata cover each tenant’s stock and interruption?
No automatic conclusion follows. Tenant property and trading interests need their own insurance review alongside the scheme arrangement.
Should a new tenant’s activity be disclosed?
Explain the changed occupancy and any fit-out or use changes, then review the applicable policy requirements.
Talk through your business.
Tell us what you do, what is changing and what you would like to understand. We can help organise the questions and the information needed for a meaningful insurance discussion.