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    Commercial Property Insurance Articles

    What Factors Affect Commercial Property Insurance Premiums?
    What Factors Affect Commercial Property Insurance Premiums?
    Commercial property insurance is designed to protect businesses and landlords against losses to their buildings and other related assets. This type of insurance covers various incidents, such as fire, theft, and damage from natural disasters. It's essential for safeguarding not just the physical property but also the livelihood associated with the business operations conducted within that space. - read more
    Is Commercial Property Insurance Mandatory? What Every Landlord Should Know
    Is Commercial Property Insurance Mandatory? What Every Landlord Should Know
    Commercial property insurance is a type of coverage designed to protect property landlords and investors from various risks. It typically encompasses buildings, equipment, and other assets associated with commercial spaces. Understanding this insurance is crucial for anyone involved in property leasing or investment, as it can safeguard against significant financial loss. - read more
    Beyond the Basics: Essential Add-Ons for Comprehensive Commercial Property Insurance
    Beyond the Basics: Essential Add-Ons for Comprehensive Commercial Property Insurance
    Commercial property insurance is a vital safeguard for businesses and landlords, protecting physical assets from a variety of risks. This type of insurance covers a range of properties, from office buildings to retail spaces, ensuring that in the event of damage or loss, you have financial support to recover your investment. - read more
    How Deductibles Impact Your Commercial Property Insurance Premiums
    How Deductibles Impact Your Commercial Property Insurance Premiums
    When it comes to commercial property insurance, a deductible is the amount of money a policyholder agrees to pay out-of-pocket before the insurance coverage kicks in. This can be a fixed dollar amount or a percentage of the total insured value. Understanding how deductibles work is crucial for any landlord or business owner seeking to protect their assets effectively. - read more
    Understanding Commercial Property Insurance for Multiple Locations: What Landlords Need to Know
    Understanding Commercial Property Insurance for Multiple Locations: What Landlords Need to Know
    When it comes to owning commercial properties in Australia, understanding the ins and outs of insurance is crucial. Commercial property insurance serves as a safety net, protecting your valuable assets against unforeseen events. It's designed to cover the buildings themselves, as well as any equipment, inventory, and even loss of income due to disruptions. - read more

    Insurance News

    ICA Proposes Measures to Mitigate Escalating Motor Insurance Premiums
    ICA Proposes Measures to Mitigate Escalating Motor Insurance Premiums
    09 Feb 2026: Paige Estritori
    The Insurance Council of Australia (ICA) has released a policy paper titled 'Motor Insurance Policy Paper – A Roadmap for Reducing Rising Premiums,' highlighting the urgent need for coordinated action to address systemic cost drivers behind the 42% increase in comprehensive motor insurance premiums since 2019. - read more
    Budget Direct Triumphs as Australia's Top Insurer in 2026
    Budget Direct Triumphs as Australia's Top Insurer in 2026
    09 Feb 2026: Paige Estritori
    In a remarkable achievement, Budget Direct has been honoured as the inaugural 'Insurer of the Year' at the 2026 Finder Provider of the Year Awards. This prestigious recognition underscores the company's unwavering commitment to delivering exceptional value and service to Australian policyholders. - read more
    Australian Insurers Face Challenges in Cyber Risk Readiness
    Australian Insurers Face Challenges in Cyber Risk Readiness
    09 Feb 2026: Paige Estritori
    Recent findings from the PwC Insurance Banana Skins Survey have raised concerns about the preparedness of Australian insurers in managing emerging risks, particularly in the realms of cyber security and artificial intelligence (AI). The survey indicates that Australian insurers scored 6.6% lower on the Preparedness Index compared to their global counterparts, highlighting a significant gap in readiness. - read more
    Significant Decline in Australian Commercial Insurance Rates
    Significant Decline in Australian Commercial Insurance Rates
    09 Feb 2026: Paige Estritori
    In a notable development for the Australian insurance market, commercial insurance rates experienced a substantial decline of 12% in the fourth quarter of 2025. This decrease, as reported by Marsh's Global Insurance Market Index, represents the most significant drop among the eight regions monitored and marks the steepest reduction since the Pacific rates began to decrease in early 2024. - read more
    Treasury Initiates Review of Professional Indemnity Insurance to Support CSLR
    Treasury Initiates Review of Professional Indemnity Insurance to Support CSLR
    09 Feb 2026: Paige Estritori
    The Australian Treasury has commenced a consultation process aimed at improving the effectiveness of professional indemnity (PI) insurance, with the goal of strengthening the Compensation Scheme of Last Resort (CSLR). This initiative seeks to gather stakeholder feedback on the current operation of PI insurance and explore opportunities for enhancement. - read more

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    Knowledgebase
    Subrogation:
    An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.