Commercial Strata

The Axis Commercial Strata insurance policy provides you with an alternative market for your commercial and industrial strata clients.  This competitively priced strata package 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

Rent and Extra Costs

  • Up to 15% of the building sum insured for loss of rent and temporary accommodation costs
  • Disaster protection option

Liability

  • Legal Liability for personal injury and property damage up to $20,000,000

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
Axis Commercial Strata underwritten by Lloyd’s of London and is a Steadfast endorsed policy.

This is a summary only and does not form part of the Product Disclosure Statement or Policy Wording. Axis does not provide advice on this insurance based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision please consider the Product Disclosure Statement and Policy Wording – Axis Commercial Strata Policy v1.2020 or Axis Commercial Strata Policy v5.2020

Target Market Determination

Policy Wordings

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