Commercial property insurance comes in a few guises. You may know it as commercial building or business property insurance. Common among those titles is that it’s for non-residential properties – factories, warehouses, shopping centres, and whole unit and apartment blocks. In short, it helps protect your commercial building or premises from damage or significant loss
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In an unpredictable business environment, such as during the COVID-19 pandemic, it can be difficult planning to eliminate, minimise or control risks to your operations. This article offers four types of insurance that can help you deal with uncertainty. Pandemic shutdowns Retail businesses owners, for example, might be on edge waiting for the next public
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Structural defects in buildings are under the spotlight with government moves across the country, increasing liability for designers and builders. On our eastern seaboard, more than 70% of buildings constructed since 2003 had one or more defects, research has found. Design issues accounted for more than half of defects in residential apartment buildings, about 40%
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After a 10.4% contraction in 2020, the construction sector is tipped to grow by 7.1% this year. That’s due to our nation’s $14 billion investment for accelerated projects including shovel-ready transport and road safety works, says Infrastructure Australia in its latest report. Earthmoving is a risky business But, in the earthmoving sector, there’s a wide
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As a property manager or managing agent, your risk profile is different from that of a landlord. The landlord owns the property, not you, so they’re responsible for insuring their property. However, you’ve been hired to act as the middle person between the landlord and the tenant, who could be an individual or a business.
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