Why Choose Liability Coverage Under Commercial Property Insurance?
Liability insurance is designed to protect property owners when accidents occur on their premises. Whether it’s a visitor slipping in your lobby, a tenant injury, or damage to neighbouring properties, liability protection helps cover compensation and legal costs.
Key benefits include:
Who Needs Commercial Property Liability Insurance?
Anyone who owns property leased for commercial purposes requires this insurance. It protects landlords against third-party claims for bodily injury or property damage arising from:
- The building structure and its condition
- Common areas, fixtures, and signage
- Risks created by tenants’ use of the premises
- Property ownership responsibilities
Commercial Property Insurance
What It Covers:
- Building damage and repairs
- Contents and equipment
- Loss of rental income
- Business interruption
Liability Coverage
What It Covers:
- Visitor injury claims
- Tenant injury compensation
- Property damage to others
- Legal defence costs
Get Covered
Today
Don’t leave your property exposed to liability claims. Protect your investment with tailored coverage designed for property owners. Ready to get started? Request a Quote or speak with one of our property insurance specialists today.
Contact UsFrequently Asked Questions.
What types of liability claims do commercial property owners face?
Commercial property owners commonly face slip-and-fall claims, inadequate security allegations, and structural defect injuries. Claims can arise from wet floors, poor lighting, broken handrails, car park accidents, or criminal acts due to insufficient security. Even well-maintained properties face liability exposure from unexpected incidents.
Am I liable if a tenant’s customer is injured?
As a property owner, you may be liable for injuries in common areas or resulting from structural defects, regardless of who is injured. While tenants typically carry their own liability insurance for their leased spaces, landlords remain responsible for building maintenance, common areas, and structural safety issues.
Does liability insurance cover legal costs even if I’m not at fault?
Yes, commercial property liability insurance typically covers legal defence costs regardless of fault determination. Even frivolous claims require legal representation, and defence costs can reach tens of thousands of dollars. Your insurance provides access to experienced lawyers who specialise in premises liability defence.
What happens if construction work on my property injures someone?
Property owners can be held liable for injuries during construction, even when using licensed contractors. While contractors should carry their own insurance, property owners often face joint liability claims. Ensure your liability coverage includes protection for construction-related incidents and verify all contractors’ insurance.
How do body corporate liability requirements work?
Body corporate managers face unique liability exposures for common property areas and shared facilities. Standard strata insurance should include public liability protection, but individual lot owners may need additional coverage for their specific areas. Review your body corporate agreement to understand liability divisions and insurance requirements.
Can I reduce liability premiums through risk management?
Yes, implementing safety measures can significantly reduce premiums. Regular maintenance schedules, security improvements, slip-resistant surfaces, adequate lighting, and documented inspection procedures demonstrate risk management commitment. Many insurers offer premium discounts for properties with comprehensive safety programs and claim-free histories.