--- title: "Commercial Property Insurance" url: "https://vimcover.com.au/commercial-property-insurance/" type: "page" published: "2024-04-09T05:22:54+10:00" modified: "2026-09-22T10:58:49+10:00" author: "Brad Smith" --- Excellent 5/5 on Google # Commercial Property Insurance Keep your business property, belongings and profits safe from the unexpected. Your premises are one of your biggest business assets. A bad day shouldn’t be a business-ending one with commercial property insurance from VIM, which protects your building, contents, stock and equipment from events such as fire, storm, theft and water damage. We are independent brokers and can shop around for cover from Australia’s top insurers to help you get the right cover for your property and budget. ## We help you make sure: - **Your property is protected** – building, fit-out, contents and stock covered against insured events – you're not paying to rebuild out of pocket. - **Your business continues to operate** — business interruption cover helps replace lost income while you're getting back on your feet. - **Your cover actually fits** - we customise your policy to your premises, industry and risk, not a one-size-fits-all. [Call 1300 003 555](tel:1300003555) ![GoogleReview Profiles](https://vimcover.com.au/wp-content/uploads/2026/03/GoogleReview-Profiles.png) **5/5**from Australian business owners Independent brokers Support at claim time ## Get a Commercial Property Insurance Quote ## Our Insurers We are independent commercial property insurance brokers and compare insurance from Australia’s major insurers. ![NTI Logo](https://vimcover.com.au/wp-content/uploads/2023/06/nti.png) ![hollard logo](https://vimcover.com.au/wp-content/uploads/2023/06/hollard.png) ![QBE Logo](https://vimcover.com.au/wp-content/uploads/2023/06/QBE.png) ![Vero logo](https://vimcover.com.au/wp-content/uploads/2023/06/vero.png) ![Zurich Logo](https://vimcover.com.au/wp-content/uploads/2023/06/zurich.png) ![allianz logo](https://vimcover.com.au/wp-content/uploads/2023/06/allianz.png) ![Blue Zebra Insurance Logo](https://vimcover.com.au/wp-content/uploads/2023/06/bzi.png) ![CGU logo](https://vimcover.com.au/wp-content/uploads/2023/06/CGU.png) ![High Street Underwriting Agency Logo](https://vimcover.com.au/wp-content/uploads/2023/06/highstreet.png) ![Mecon Insurance Logo](https://vimcover.com.au/wp-content/uploads/2023/06/mecon.png) The COVER ## What is commercial property insurance? This is a type of business insurance that protects the physical property your business owns or is responsible for, typically the commercial building itself, along with the contents, stock and equipment within the building. When a fire, storm, break-in or burst pipe damages your premises, the policy can help cover the cost of repairing, rebuilding or replacing the damage. This insurance type is known by a number of names, including commercial property insurance, commercial building insurance, or insurance on a commercial building, and it all basically means the same thing: financial coverage for your property and its contents. Most policies can be extended to include lost income (business interruption) and your legal liability to others, so one policy can do a lot of work. The cover is subject to the terms, conditions, limits and exclusions of your selected policy. [Get Covered](#quote) [1300 003 555](tel:1300003555) ![Two business owners with commercial property insurance](https://vimcover.com.au/wp-content/uploads/2026/07/Commercial-Property-Insurance.jpg) The Risks ## Common risks commercial properties face The events we help protect against, every day: - Fire and smoke – electrical faults, kitchens, neighbouring premises or bushfire - Storm and water damage – burst pipes, roof damage, flooding from heavy rain - Theft and vandalism – break-ins, stolen stock and equipment, malicious damage - Accidental damage — an unexpected knock, spill or breakage on site - Impact — vehicles, falling trees or objects hitting the building - Equipment breakdown — when critical plant or machinery suddenly breaks down One event can result in weeks of lost business, which is why property and business interruption insurance go hand in hand. [Get a Quote](#quote) [1300 003 555](tel:1300003555) What's Included ## What does it cover? We tailor your policy to your business, as each is unique. A typical commercial property policy can include: [https://vimcover.com.au/public-liability-insurance/](https://vimcover.com.au/public-liability-insurance/) ### [Building](https://vimcover.com.au/public-liability-insurance/) The physical fabric of your commercial building – walls, roof, floors, permanent fixtures and fittings. Covers repair/rebuild following an insured event. [https://vimcover.com.au/public-liability-insurance/](https://vimcover.com.au/public-liability-insurance/) ### [Contents & Stock](https://vimcover.com.au/public-liability-insurance/) Furniture, equipment, tools, fit-out and trading stock. Repaired or replaced if damaged, lost or stolen following an insured event. ### Business Interruption This can help replace lost income and ongoing expenses such as wages, rent and loan repayments if you are unable to trade after an insured event. ### Public Liability If a third party is injured or their property is damaged as a result of your business or premises – usually included with property cover. ### Glass Insurance Internal and external glass, shopfronts and signage — repaired or replaced due to accidental damage.  ### Machinery & Equipment Breakdown Sudden mechanical or electrical breakdown of plant and equipment your business relies on. ## What's not covered? Every policy has exclusions, and knowing them upfront avoids nasty surprises. It typically won’t cover things like: [https://vimcover.com.au/public-liability-insurance/](https://vimcover.com.au/public-liability-insurance/) ### [Wear and tear, rust, corrosion and gradual deterioration](https://vimcover.com.au/public-liability-insurance/) Insurance is for sudden, unexpected events, not maintenance [https://vimcover.com.au/public-liability-insurance/](https://vimcover.com.au/public-liability-insurance/) ### [Damage from lack of maintenance](https://vimcover.com.au/public-liability-insurance/) Lack of maintenance or poor repairs ### Faulty design or workmanship Faulty design or workmanship [https://vimcover.com.au/public-liability-insurance/](https://vimcover.com.au/public-liability-insurance/) ### [Unoccupied premises](https://vimcover.com.au/public-liability-insurance/) Unoccupied Premises left vacant beyond the period your policy allows (often 60–90 days) [https://vimcover.com.au/public-liability-insurance/](https://vimcover.com.au/public-liability-insurance/) ### [Certain perils unless added](https://vimcover.com.au/public-liability-insurance/) Flood, accidental damage or machinery breakdown may be optional ### War, terrorism and illegal activities War, terrorism and illegal activities [Get in Touch](#quote) [1300 003 555](tel:1300003555) *Cover is subject to policy terms, conditions, limits and exclusions and is available from different insurers. Exclusions and limits differ from insurer to insurer — please refer to the Product Disclosure Statement (PDS) for your policy. When in doubt, ask us before you purchase whether a risk is covered.* Tailor It ## Optional add-ons Customise your  policy to fit your risk: ### Theft & money Cash on premises and losses from break-ins ### Flood Cover for flood events (usually optional; worth reviewing by location) ### Accidental damage For damage that is unexpected and unintentional and not otherwise covered ### Portable & valuable items Tools and equipment used off-site ### Loss of rent / landlord cover For owners who rent out their premises ### Cyber Protection if your business systems are breached or held to ransom [Get a Quote](#quote) [1300 003 555](tel:1300003555) Who We Insure ## Commercial property cover for all types of business From offices to warehouses, we arrange insurance for commercial property of every kind: - Offices & consulting rooms - Retail shops & showrooms - Warehouses & storage - Factories & industrial units - Strata & multi-tenant complexes - Landlord & commercial property owners - Cafés, restaurants & hospitality venues - Medical & healthcare premises [Get a Quote](#quote) [1300 003 555](tel:1300003555) Our Expertise ## Landlord or tenant - who insures what? A frequent question we receive from business owners is who is responsible for insuring what. The quick answer: it depends on your lease. **As a general guide:** | Item | Usually the owner / landlord | Usually the tenant | | --- | --- | --- | | The building & structure | ✓ | | | Landlord's fixtures & fittings | ✓ | | | Loss of rental income | ✓ | | | Tenant's fit-out & improvements | (check lease) | ✓ | | Stock, contents & equipment | | ✓ | | Tenant's business interruption | | ✓ | | Public liability | For common / owner areas | For their operations | The coverage is ultimately determined by your lease, whether it’s a net lease or a gross lease. Commercial property owners insurance (building plus loss of rent) is typically the responsibility of the commercial building owner, while the tenant(s) will have their own stock, fit-out and liability insurance. Not certain where the line is in your lease? This is what our brokers do for you. [Call 1300 003 555](tel:1300003555) [Get a Quote](#quote) ![GoogleReview Profiles](https://vimcover.com.au/wp-content/uploads/2026/03/GoogleReview-Profiles.png) **5/5**from Australian business owners Independent brokers Support at claim time PRICING ## How much does it cost? There is no fixed price – premiums are based on your property and risk. Premiums are typically in these ranges, as a general rule: - **Small suburban office or shop:** ~$650 – $1,500 - **Larger retail / mixed premises:** ~$1,500 – $5,000 - **Warehouse or light industrial:** ~$5,000 – $9,000+ - **Large or complex properties:** $10,000+ These are indicative only and will vary with your circumstances. The main things that move your premium: - **Location** — flood, storm, bushfire and crime exposure for your area - **Construction type** — brick vs steel vs timber, age and condition - **Sums insured** — the values set for building, contents, stock and business interruption - **Occupancy** — owner-occupied, tenanted, or partly vacant - **Risk controls** — alarms, sprinklers, security and fire protection - **Claims history** — your recent claims history We compare insurers, which means we can sometimes get better value than going direct to one insurer. [Call 1300 003 555](tel:1300003555) [Get a Quote](#quote) ![GoogleReview Profiles](https://vimcover.com.au/wp-content/uploads/2026/03/GoogleReview-Profiles.png) **5/5**from Australian business owners Independent brokers Support at claim time Why US ## Why businesses choose VIM Cover Protecting your commercial assets is challenging enough without having to second-guess your insurance. Whether you own a single shopfront or a portfolio of commercial buildings, the right coverage will safeguard your premises, your contents and your income. We are an independent insurance broker and we don’t rely on one insurer or one product. We review the business property cover options offered by different insurance companies and explain the differences, as the lowest-cost policy is not always the best. It will depend on your building, its construction, how it’s used and who occupies it. We don’t think insurance should be complicated. We’ll tell you what is covered, what is optional, what is not covered and what insurers need to know, so you can make informed decisions without having to read the policy wording. - No hidden policies or surprises - Real-world advice for your premises - Real support from quote through to claim - Australia-wide protection [Call 1300 003 555](tel:1300003555) [Get a Quote](#quote) ![GoogleReview Profiles](https://vimcover.com.au/wp-content/uploads/2026/03/GoogleReview-Profiles.png) **5/5**from Australian business owners Independent brokers Support at claim time ![Stars Large](https://vimcover.com.au/wp-content/uploads/2026/03/Stars-Large.png) “My experience with VIM was nothing but professional” **– Laura Evans** ![People discussing how much commercial property insurance they require](https://vimcover.com.au/wp-content/uploads/2026/07/how-much-commercial-property-insurance.jpg) Tailored To You ## What is the right amount of insurance? Most people don’t realise that getting the sum insured right is important. If you underinsure your commercial building, you may find yourself in a situation where you are caught by an “average” (co-insurance) clause, even if you only have a partial loss. **A few pointers:** - **Insure for replacement value**, not market value. You’re covering the cost to rebuild or replace, including demolition, debris removal, professional fees and bringing the building up to current codes — not what the asset would sell for. - **Review your sums insured each year**. Construction and material costs change; a number that was established three years ago is frequently outdated. - **Have a professional valuation** for larger or older buildings and maintain an asset register for contents and stock. - **Include business interruption** based on your actual turnover and the time it would take to recover. Our brokers can stress-test your numbers to ensure you’re not paying too much – or too little. [Get a Quote](https://vimcover.com.au/contact/) [1300 003 555](tel:1300003555) Related INSURANCE ## Cover that works well alongside commercial property Commercial property insurance is often just one part of protecting your business. Ask us about the following: [**Public Liability Insurance,**](https://vimcover.com.au/public-liability-insurance/)**[Business Insurance Packages](https://vimcover.com.au/business-package-insurance/),****[Landlord Insurance](https://vimcover.com.au/landlord-insurance/),**[**Cyber Insurance**](https://vimcover.com.au/cyber-insurance/) Reviews ## Trusted by Australian businesses We are responsive, easy to deal with and results-oriented, which is why businesses select VIM Cover. We do our best to get the right cover at the right price, and we support it when it matters most.   ``` EXCELLENT Based on 36 reviews Posted on Google B Gardam Trustindex verifies that the original source of the review is Google. I cannot recommend Danielle at vim enough. I had trouble renewing my insurance due to claims history. She worked hard and got me a new policy under difficult circumstances. Thanks danielle. Posted on Google Joe Meintjes Trustindex verifies that the original source of the review is Google. Have used VIM cover for a number of insurances. They have been very helpful, responsive and most of all competitive. Posted on Google Greg Pritchard Trustindex verifies that the original source of the review is Google. The team at Vim Cover are great to deal with!!! Posted on Google Ciri Stanek Trustindex verifies that the original source of the review is Google. Friendly staff who worked really hard to find the right cover for us. Thanks, Tyson and Carmine! Posted on Google M B Trustindex verifies that the original source of the review is Google. When it comes to renewing your insurance policies it’s certainly worth going through the right broker as they have the skill set and resources to save you a significant amount. I found VIM Cover , Australia to be the best by far. On Wednesday 5th June 2024 I contacted VIM Cover Australia after finding them on Google. I was after a competitive and sensible price for my Insurance cover. I spoke to Tyson one of their team members and his professional help and customer service was excellent. Tyson was able to beat any other quotes I was given plus offer me more value for the price given. We selected my insurer to be through Zurich and I saved myself over $150 per year. I would highly recommend VIM for their professional advice, help and customer service. Thank you Tyson for making my inquiry a great and straightforward experience. I look forward to sharing my experience with family and friends and would highly recommended your services to anyone. If there was an option I would have left a ten star rating. Posted on Google Cassie Cross Trustindex verifies that the original source of the review is Google. Loved working with the team. The process was fast and incredibly easy. Thank you so much! Posted on Google Laura Evans Trustindex verifies that the original source of the review is Google. My experience with VIM cover was nothing but professional. The employees were able to explain clearly what my cover involved and came in with a competitive price. I would highly recommend their services and look forward to dealing with them in the future for other insurance purposes Posted on Google sam west Trustindex verifies that the original source of the review is Google. Adam was excellent in helping with my new policy, very helpful throughout the whole process! ``` FAQ ## Frequently asked questions What is commercial property insurance? Cover that protects the physical assets your business owns or is responsible for, most often the commercial building, contents, stock and equipment, from insured events such as fire, storm, theft and water damage. It can be extended to include lost income and public liability. Do you have to have commercial building insurance in Australia? It is not a legal requirement, but it is often a requirement of a commercial mortgage or lease, and without it you are leaving your most valuable assets vulnerable. Workers compensation, on the other hand, is required when you have employees. What's the difference between commercial building insurance and contents cover? Building cover insures the building itself, including walls, roof, and permanent fixtures. Contents cover protects furniture, equipment, fit-out and stock. Many businesses require both; landlords may only insure the building. Who is responsible for paying the insurance, the landlord or the tenant? This is subject to the terms of the lease. Typically, the owner will insure the building and loss of rent, and the tenant will insure their stock, fit-out and liability. We can assist you in reading your lease and discussing the appropriate cover. What is the right amount of commercial property insurance? Enough to completely rebuild or replace your property at today’s costs — including debris removal, professional fees and code upgrades – rather than its market value. If you have an “average” clause, you may end up with a lower payout when you are underinsured, so it’s important to get the sums insured correct. What isn't covered? Typically wear and tear, gradual deterioration, poor maintenance, faulty workmanship and long-term vacant premises. Certain hazards, such as flood or accidental damage, may be available as extras. Always check the PDS. How much does commercial building insurance cost? Premiums can range from approximately $650 per year for a small office to thousands of dollars for warehouses and larger properties, depending on the type of property, location, sums insured and risk. We compare insurers and can often find better value. ## Related Guides [!\[Inspector or blue collar worker examines building wall outdoors.\](https://vimcover.com.au/wp-content/uploads/2025/01/CONSTRUCTION-INSURANCE-1024x683.jpeg)](https://vimcover.com.au/blog/understanding-construction-insurance-for-your-building-projects/) [Understanding Construction Insurance for Your Building Projects](https://vimcover.com.au/blog/understanding-construction-insurance-for-your-building-projects/) Brad Smith November 12, 2024 [Read More »](https://vimcover.com.au/blog/understanding-construction-insurance-for-your-building-projects/) [!\[pexels-abstract-vibe\](https://vimcover.com.au/wp-content/uploads/2023/07/pexels-abstract-vibe-786357-1024x683.jpg)](https://vimcover.com.au/blog/stay-ahead-select-the-best-commercial-property-insurance-partner/) [Stay Ahead: Select the Best Commercial Property Insurance Partner](https://vimcover.com.au/blog/stay-ahead-select-the-best-commercial-property-insurance-partner/) Brad Smith May 3, 2024 [Read More »](https://vimcover.com.au/blog/stay-ahead-select-the-best-commercial-property-insurance-partner/) [!\[Home,And,Real,Estate,Insurance,Ideas,,Individuals,Holding,Small,Umbrellas\](https://vimcover.com.au/wp-content/uploads/2024/04/shutterstock_2204222765.jpg)](https://vimcover.com.au/blog/protect-your-commercial-property-with-insurance-from-vim-cover/) [Protect your Commercial Property with Insurance from VIM Cover](https://vimcover.com.au/blog/protect-your-commercial-property-with-insurance-from-vim-cover/) Brad Smith April 20, 2024 [Read More »](https://vimcover.com.au/blog/protect-your-commercial-property-with-insurance-from-vim-cover/) How It Works ## Protect your premises with VIM Cover When you have a few details on hand, it’s easy to get a commercial property insurance quote: - Business name and ABN - Address and type of construction (brick, steel, timber) - Whether it is owner-occupied, tenanted or vacant - Sums insured — building, contents and stock - Security and fire protection (alarms, sprinklers, etc.) - Annual turnover (if you require business interruption cover) - Any claims in the past five years Don’t have everything? No worries — begin the enquiry and we will fill the gaps. #### Have clear guidance, customised options and cover structured from the outset. [Call 1300 003 555](tel:1300003555) ![GoogleReview Profiles](https://vimcover.com.au/wp-content/uploads/2026/03/GoogleReview-Profiles.png) **5/5**from Australian business owners Independent brokers Support at claim time ### Get a Quote