Retail & Shopping Centre Strata Insurance

Retail strata insurance covers the building structure, common property (car parks, walkways, food courts, amenities), public liability in common areas, office bearers liability, and optionally machinery breakdown for lifts, escalators, and air conditioning systems.

Restaurants, takeaway shops, and food courts significantly increase premiums because of the fire risk from commercial cooking equipment and grease extraction systems. Some underwriters won't quote buildings with certain food tenancies. We have access to underwriters with appetite for retail complexes who can price these risks competitively.

No. The strata policy covers the building structure and common property. Individual tenants are responsible for insuring their own fitout, stock, and business contents under their own business insurance policy. The strata policy covers the shell of each lot.

The strata policy would typically respond to cover the building damage, subject to the policy terms. The owners corporation or insurer may then seek recovery from the tenant or their insurer. Having clear lease requirements around tenant insurance obligations helps protect the scheme.

Yes. Retail strata with difficult tenancy mixes, poor claims history, or older building systems can be hard to place. We have access to specialist underwriters and Lloyd's capacity for retail complexes that mainstream markets won't insure. We also insure other complex tenancy types including medical centres and childcare centres within strata schemes.