Industrial & Commercial Strata
What is Commercial & Industrial Strata?
Built on decades of experience, shaped by the changing needs of strata, and grounded in a commitment to giving clients greater peace of mind and support when they need it most.
A Commercial Strata policy responds to the physical building, common areas and shared infrastructure, providing protection for the people owning, occupying, accessing and those who are responsible for the scheme.
Unlike residential risks Commercial Strata policies address complex tenancy types and risk profiles, increased operational and liability exposures.
Who it is for
Understanding who can arrange cover for a commercial or industrial strata scheme.
The way commercial strata insurance is arranged will usually depend on how the scheme is managed and who is responsible for making decisions on behalf of the building.
Owners corporations and committees
For self-managed schemes, authorised representatives of the owners corporation or a strata committee can arrange cover on behalf of the building.
Strata or Asset Managers
For professionally managed schemes, cover is typically arranged by a strata manager or property manager acting on behalf of the owners corporation.
What it can include
Coverage and support shaped around the realities of commercial and industrial strata.
Depending on the building, the scheme and the cover selected, commercial strata insurance may include protection for a range of shared property risks, liabilities and events that affect the property as a whole.
Building & Common Property
Protection for the physical building and shared utility including walls, floors, ceilings, lifts, carparks.
Public Liability
Cover for liability risks that may arise in connection with common areas and shared property.
Loss of Rent / Temporary Accommodation
Financial assistance for the owners and occupants in the event the property becomes uninhabitable.
Office Bearers Liability
Coverage and support for committee members against financial loss or legal liability arising from wrongful acts whilst acting in the capacity as an office bearer.
Equipment or Machinery Breakdown
Protection for sudden and unforeseen losses to mechanical and electrical failures to utility and equipment.
Optional Additional Covers
Other protections may be available depending on the building and location such as flood, paint and floating floors.
Why ABS Strata
Navigating commercial strata insurance shouldn’t feel like deciphering a foreign language.
It’s critical to have a deep understanding of the unique exposures of commercial schemes. From high-traffic liability exposures, complex equipment risks to hazard prone business activities, the underwriting requirements for high-risk tenant mixes requires rigorous market engagement and comprehensive risk strategies.
Whether you are dealing with evolving compliance laws or shifting tenant dynamics, ABS provides the clear, uncompromised advocacy your strata committee needs.
Strata-focused expertise
Not general insurance advice. Built specifically around strata legislation, building requirements and shared ownership structures.
Access to leading insurers
Policies are sourced from established insurers with the scale and appetite to support residential strata risks.
Support when it matters
From placement through to claims, ABS Strata works alongside committees to help navigate complex situations with clarity.