Axis Underwriting is a leading Strata Insurance market for commercial, industrial and mixed tenancy strata risks.

Today, Axis Underwriting’s Managing Director, Gary Dawson, announced major changes to its Commercial Strata Policy.

Mr. Dawson said, “For the past the 14 years, Axis’ Commercial Strata insurance policy has provided brokers with an alternative market for their commercial and industrial strata clients. Now, with the improvements that we have made to our Commercial Strata policy, we will be able to accommodate brokers’ requirements more than ever before.”

Supported by Lloyd’s Underwriters, the Axis Commercial Strata Policy now features;

  • Property capacity increased from $25,000,000 to $35,000,000
  • Rent and Extra Costs Indemnity Period increased to 36 months
  • Disaster Protection option of 30% now available
  • Machinery Limit increased to $100,000
  • Office Holders Liability now up to $10,000,000

Mr. Dawson continued, “These changes will assist our supporting insurance brokers and their strata clients to provide enhanced protection on a broader range of risks.

“We have strong relationships with all the major Strata Insurance Brokers across Australia and these improvements are designed to provide a better service to them”