Commercial Strata

The Axis Commercial Strata policy provides you with an alternative market for your commercial and industrial strata clients. Our policy provides coverage for strata property as diverse as retail shops through to multi tenanted industrial parks.

Some of the features and benefits of our commercial strata policy wording are:

Building and Contents

• Insured against accidental damage and new for old replacement
• No penalty for under insurance – building should be insured for full replacement value
• Disaster protection option

Rent and Extra Costs

• 15% of the building sum insured for loss of rent and temporary accommodation costs is included automatically

Liability

• Legal Liability for personal injury and property damage up to $50,000,000

Machinery

• Accidental breakdown – as per sum insured

Electronics

• Accidental breakdown – equipment listed on schedule

Theft of Funds

• Theft by member or employees

Personal Accident

• Voluntary workers – death and loss of earning

Office Holders Liability

• Officers and members indemnity
• Audit fees
• OH&S defence costs