Commercial Property Insurance

Our award-winning insurance brokers can assist in obtaining coverage for buildings and contents,
glass, property owner’s liability, business interruption/loss of rent, and machinery breakdown.

Omnisure can arrange insurance for offices, retail spaces, medical centres, gyms, hospitality venues,
factories, childcare centres and a variety of hard-to-place risks, amongst others.

We have access to over 160 policies from over 100 different insurers and underwriters, located in
Australia and overseas. With Omnisure, find out if you have the cover that’s right for you, or if you’re
paying too much.
CUSTOM JAVASCRIPT / HTML

98%

Retention Rates

100,000

Policies placed

+$78m

Total Claims paid to date

48hrs 

Quote turn around

The Biggest Risks To Commercial Property Owners

There are many risks and challenges when owning a property – being prepared and holding the correct coverage is an essential part of managing this. One of the biggest obstacles to obtaining appropriate cover is correctly evaluating the risk – how likely is an event to occur, and what would be the impact if it did? A number of the leading risks include:
  • Recent years have seen a record number of claims due to natural disasters and severe weather events. Fires, floods and storms have cost Australian insurers $5.4B in the past year alone. With a La Niña weather event forecast for the coming summer, it is important to ensure that your cover is accurate and suitable.*
  • ​Aside from weather events, Australia has the 7th highest rate of burglaries in the world, with 70.8% of break-ins resulting in theft.**
  • Accidents and property damage are also common. Burst or blocked pipes account for 46% of water damage claims, and are the leading cause of damage for many property owners.***
  • ​We are currently in a hardening market, with insurer losses forcing premium increases and appetite reduction. This is particularly impactful upon hard-to-place risks, such as adverse construction (EPS, asbestos, timber etc.) and high-hazard tenants.
*Insurance Council of Australia, **BudgetDirect, ***QBE Claims Data
Our team of brokers has access to risk-hazard reporting based upon location and tenancy risk. This
report will outline the major perils and associated risk for your specific situation.

What Can Commercial Property Insurance Cover?

 

Accidental Damage


 

Property Owner's Liability



 

Fire Damage


 

Storm & Perils Damage 


 

Business Interruption



 

Machinery Breakdown


How does Commercial Property Insurance protect you?

Coverage under a commercial property insurance policy can cover:
  • Buildings, content and common property (for example lifts, pools, car parks, gardens, balconies, walls, windows, ceilings etc.)
  • Public liability in the event that somebody is injured on common property
  • Workers compensation in NSW, WA, TAS and NT
  • ​Officer bearers’ liability
  • ​Personal accident
  • ​Fidelity guarantee
Why Work With Omnisure?

   

Family Run Brokerage

We're a family run brokerage, with over 150 years of combined experience. Our clients are our family, and we treat them as such, with our personalised service.



   

Our signature approach

Our team have specialist industry expertise and will conduct an in-depth needs analysis to make sure you have the right level of cover. We will also negotiate on your behalf to get the most competitive premium.

  

Choice

We have access to over 160 insurance products across 100 insurers and underwriters, located in Australia and overseas. This enables us to get the best policy and price for your needs.



   

98% retention rate

Our clients value the level of expertise, care and attention to detail that we provide. This is why 98% of our clients trust us to manage their insurance program in the long-term.



Your Personal Claims Advocate

We work for you, not the insurers – this ensures that you get the best claim outcome possible.

When you’ve got tenants and businesses to manage, we take care of the claims process. We will work closely with you, the insurance company and any third-party valuers, repairers or specialists to ensure that the claim is settled quickly and favourably.

How We Help You During A Claim

Expert Advice

As brokers, our advice doesn’t stop once we’ve arranged your insurance policy. We will advise you throughout the claims process and advocate on your behalf, for no extra charge. This frees you up to focus on managing your business, while ensuring that life returns to normal as soon as possible.


Faster claims

With Omnisure, you’ve got an expert you can trust to manage the claims process on your behalf, allowing you to focus on what really matters. We will follow your claim from start to finish; we don’t just lodge and forget.


Better outcomes

We understand how crucial it is for you to have a positive claims outcome. As a Steadfast insurance broker, we leverage his network to provide the added benefit of a large organisation if an issue arises. We will support you to manage your claim and champion it at the highest level, so that you can rest assured in the event of a claim. 

Any questions?

Our Commercial Property Insurance Experts will be happy to help. 
Call us on 1800 849 244

Sydney's Award Winning Broker

Meet The Team

Ben Van Der Merwe
Director
B.Comm(Acc.) | ANZIIF (Snr Assoc) CIP, DipIB
Christian Athanasakis
Account Manager
B.Comm(Acc.) | Dip. Insurance Broking | ANZIIF (Snr Assoc) CIP. DipIB
Austin Rosier
Account Executive
ANZIIF (Snr Assoc) CIP, DipIB
Schalk Van Der Merwe
Managing Director
ANZIIF (Snr Assoc) CIP, DipIB

108 Google Reviews 4.9 Rating

Frequently Asked Questions

Property Damage, what do I need to know?

  • Make sure your commercial property is insured for full replacement value. All insurance policies include an under-insurance clause which allows insurers to limit claim payments if your building is not insured for full replacement value.
  • Find a policy that has full accidental damage cover. It provides much broader coverage and can make a significant difference at claim time.
  • The construction of your building is one of the main factors that effect price, so make sure it’s disclosed correctly. Be mindful of any EPS or asbestos materials.
  • ​Your tenants do impact the risk rating of your property, so ensure all tenants are listed correctly and notify your insurance broker if they change during the year. 
  • ​Make sure you factor in an appropriate level of cover for removal of debris. The cost to clear a site before rebuilding comes out of the building sum insured so if not included, could lead to the under-insurance clause being triggered. Also keep in mind the extra expense for removing asbestos material.
  • ​Notify your insurer straight away if your property is vacant. Most policies exclude cover if your property has been vacant for over 60 days. 

What is business interruption/ loss of rent

This covers lost rental income if your are unable to lease your commercial property due to an insured event such as a fire, storm, impact or accidental damage. This insurance is vital for commercial property owners as it enables you to continue to meet fixed expenses, such as loan repayments, in the event your property can’t be leased.
 
An under-insurance clause applies to this section, so make sure you’re covered for your full rental amount. 
Having some cover is better than none at all! You can adjust the indemnity period (the duration of the income stream) to help reduce costs.
Excludes loss of rental income due to tenant default.

What kinds of financial services are you authorised to provide to me and what kinds of financial product/s do those services relate to?

Multi Secure Insurance Solutions Pty Ltd T/As Omnisure is authorised to advise and deal in general insurance products to wholesale and/or retail clients. We will do this for you as your broker unless we tell you otherwise. 

How will I pay for the services provided? 

For each insurance product the insurer will charge a premium that includes any relevant taxes, charges and levies. We often receive a payment based on a percentage of this premium (excluding relevant taxes, charges and levies) called commission, which is paid to us by the insurers. However, in some cases we will also charge you a fee. These will all be shown on the invoice that we send you. You can choose to pay by any of the payment methods set out in the invoice. You are required to pay us within the time set out on the invoice.

If there is a refund or reduction of your premium as a result of a cancellation or alteration to a policy, or based on a term of your policy (such as a premium adjustment provision), we will retain any fee we have charged you. We will also retain commission depending on our arrangements with the insurer, or charge you a cancellation fee equal to the reduction in our commission. When you pay us your premium it will be banked into our trust
account. We retain the commission from the premium you pay us and remit the balance to the insurer in accordance with our arrangements
with the insurer. We will earn interest on the premium while it is in our trust account or we may invest the premium and earn a return. We will retain any interest or return on investment earned on the premium.
This website contains general advice only. It has been prepared without taking into account your particular objectives, financial situation or needs. Before acting on the advice, you should consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If you require personal advice our team would be happy to provide a recommendation, or opinion tailored to your specific circumstances, Please contact us.

Location

Grosvenor Place, Suite 41.06, 225 George Street
Sydney NSW 2000
Australia

Postal Address

PO Box 140
North Sydney 2059 NSW
Australia
ABN: 91 089 399 593 | AFS Licence No: 227 724
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