What insurances are needed for a commercial office unit.
- Thread starter HSA
- Start date
yes.
simple solution is a business pack, covering building, and property owners liability.
fire rate around 20%'ish, simple property owners liab for an office say $500'ish.
therefore 500,000 building sum insured =$1000, + liab $500
= $1500 +gst+stamp.
ballpark only obviously.
might want to include glass, business interruption (loss of rent), machinery breakdown, various other options as well.
simple solution is a business pack, covering building, and property owners liability.
fire rate around 20%'ish, simple property owners liab for an office say $500'ish.
therefore 500,000 building sum insured =$1000, + liab $500
= $1500 +gst+stamp.
ballpark only obviously.
might want to include glass, business interruption (loss of rent), machinery breakdown, various other options as well.
just re-read you question, and would have to assume building etc is covered.
if thats the case, just take a nominal contents figure, say $5000 general contents, with the property owners liability, in a business package. is cheaper than purchasing standalone p/liability.
also then the option of adding on extras as mentioned previous, onto same bus.pack.
if thats the case, just take a nominal contents figure, say $5000 general contents, with the property owners liability, in a business package. is cheaper than purchasing standalone p/liability.
also then the option of adding on extras as mentioned previous, onto same bus.pack.
If its covered by a Body Corp they should have a policy to cover the whole body Corp which includes you. You can ask for a copy and a cert of currency.
Personally this wasn't enough for me so I took out my own Public Liability insurance because anything can happen.
I was happy with the BC building cover etc. Its a complicated area and I reckon speaking to a good general insurance broker, the body corporate manager are both good placeds to start.
If its not part of a body corporate I'd take all my own insurances I think.
MJK
Personally this wasn't enough for me so I took out my own Public Liability insurance because anything can happen.
I was happy with the BC building cover etc. Its a complicated area and I reckon speaking to a good general insurance broker, the body corporate manager are both good placeds to start.
If its not part of a body corporate I'd take all my own insurances I think.
MJK
Re Insurances
Thanks a lot to everyone!
I am sure the body corp has the building covered. The tenants are required to take a public liability insurance .
so you guys are suggesting that I take a business pack which will cover me for the public liability, contents and the insurance for tenants causing damage to the property..
Thanks a lot to everyone!
I am sure the body corp has the building covered. The tenants are required to take a public liability insurance .
so you guys are suggesting that I take a business pack which will cover me for the public liability, contents and the insurance for tenants causing damage to the property..
