Commercial Strata Insurance For Body Corporates And Strata-Managed Properties

Managing a commercial strata property involves shared responsibility, ongoing maintenance, and exposure to risks that can affect multiple owners at once.

Commercial strata insurance protects common property, shared building structures, and liability linked to strata-managed commercial properties. It supports owners’ corporations, strata managers, and committees responsible for office buildings, mixed-use developments, retail complexes, and industrial strata properties.

Body corporate strata insurance focuses on shared assets and liabilities. It does not cover the individual business assets of tenants operating within the property.

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Risks That Affect Strata-Managed Commercial Properties

Commercial strata properties involve shared spaces that multiple occupants, visitors, and service providers use each day. Damage to common areas, fire, storm events, vandalism, or accidental incidents can create significant repair costs. Liability claims can also arise if someone suffers injury in shared areas such as lobbies, stairwells, lifts, or car parks.

Commercial strata insurance helps protect the property against these risks and reduces financial pressure on owners’ corporations.


Protection That Supports Shared Property Management

Self managed commercial properties require protection that reflects shared ownership and operational exposure.

Commercial strata insurance can provide:

  • Protection for common property and shared building structures
  • Liability cover for incidents in shared spaces
  • Cover for lifts, stairwells, parking areas, and shared facilities
  • Protection against fire, storm damage, vandalism, and accidental damage
  • Loss of rent cover in eligible strata scenarios, depending on the policy

This structure helps strata committees and property managers manage unexpected costs and maintain the property.

How Body Corporate Strata Insurance Is Arranged

The process remains clear and structured.

Step 1

You assess the strata property structure, ownership arrangement, and shared responsibilities.

Step 2

You provide details such as required sums insured, number of lots, and property usage.

Step 3

We review risks linked to common areas and the building itself.

Step 4

We compare policies from insurers with experience in strata cover.

Step 5

You receive a quote based on the property profile.

Step 6

We finalise the policy once coverage selections are confirmed.

Insurance brokers help strata managers and committees understand policy requirements and coverage options.

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Hear From Our Many Happy Clients

Lisa and the team at CGIB have been fantastic, found me a competitive insurance policy for my Tractor. The service and offering was superior to other major competitors, where you feel important as a valued customer. Thank you CGIB team!
I have been dealing with CGIB and Caroline in particular for a very long time now, and I cannot recommend them highly enough. Their service is always extremely helpful, proactive, and prompt. It is rare to find this level of consistent reliability over the long term.
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Sarah is very helpful and knowledgeable. My experience was made very easy and stressless. We have been with CGIB for many years and would highly recommend them
I have been found Caroline from CGIB has been highly professional and responsive for all my PI needs especially when amendments are required. I have recommended Caroline and CGIB to many consultants in my network.

During the last twelve months I have had to contact Caroline about my policy and all enquires were resolved promptly and respectfully.
CGIB are excellent commercial insurance brokers, Caroline and the team are always at hand with the our first year insurance and renewal with great pricing and handling claims.
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Our company has been working with Caroline Cori for many years and it has always been a pleasure. Thank you Caroline for all your help.
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I have had PI insurance through CGIB for many years. Caroline has always looked after me and no question was left unanswered. Very quick turnaround each year which was easy and painless. Never felt the need to look elsewhere. Thanks for looking after me for over 20 years
Honestly, Aleisha was an absolute lifesaver. I needed to get an urgent $20M public liability policy sorted for our self-managed Owners Corporation so my lawyer could finalize a Section 32 for a property sale. Strata paperwork is usually a total nightmare, but Aleisha made it so easy and stress-free. She actually listened, worked fast, and got it done properly. Can’t recommend her enough!
Sarah Liakopoulos at CGIB has been a pleasure to deal with while setting up insurance for my new business. She arranged single transit marine cover for our first import shipment. When I needed public and products liability ahead of our launch, she had a quote to me the next morning and bound the policy the same day. Clear, prompt and easy to work with. Thanks also to Emma for stepping in while Sarah was away. Highly recommended.

What Your Policy Can Include

Commercial strata insurance combines several forms of protection.

What Affects The Cost Of Commercial Strata Insurance

Premiums vary depending on the size and complexity of the property.

Key factors include:

  • Building replacement value
  • Number of lots or units
  • Type of property, such as office, mixed-use, or industrial strata
  • Location and environmental exposure
  • Tenants occupations
  • Claims history of the strata scheme
  • Security standards and maintenance conditions
  • Selected cover limits and additional options

We provide accurate pricing after reviewing the property details.

Available Across Australia

Commercial strata insurance is available across all states and territories.

State regulations can affect insurance obligations for strata schemes. Local risks such as storm activity, flood exposure, and building conditions also influence how cover is structured.

Body corporate strata insurance reflects both regulatory requirements and property-specific risks.

Experience Supporting Self managed  Properties

Strata managers and committees rely on clear guidance when arranging cover.

A commercial strata property sustained significant storm damage to shared roofing and internal common areas. CGIB managed the claims process and helped coordinate a timely response so repairs could proceed without unnecessary delays.

Our team works with established insurers and understands the risks linked to commercial strata ownership.

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Frequently Asked Questions

It typically covers common property, shared building structures, liability risks, and certain shared facilities, depending on the policy.

This usually falls to the owners’ corporation, body corporate, or strata committee, depending on the property structure and state regulations.

No. Commercial strata insurance protects shared property and building-related risks, not tenant business contents or operations.

Building value, number of lots, claims history, location, Tenants business activities, and selected coverage all influence premiums.

Contact CGIB and provide details of the incident. We manage communication with the insurer and guide the process.

Yes. Coverage can be structured for properties that combine commercial and other occupancy types.

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Request A Quote Or Speak With A Specialist

Commercial strata insurance protects shared assets, common areas, and liability exposure across strata-managed commercial properties.

Request a quote or speak with CGIB to review your current cover and explore your options.

Start Your Quote Chat With Our Team

Marine Cargo & transit Quote Forms

Who should use this form?

Professional carriers or transport operators responsible for customers’ goods in transit.

Who should not use this form

Businesses sending their own goods.

Quote Form

Who should use this form?

Businesses sending, importing, or exporting their own goods. Covers loss or damage during transit.

Who should not use this form?

Carriers transporting others’ goods.

Quote Form
Quote Form

Who should use this form?

Businesses or individuals needing cover for a single shipment or occasional transit.

Who should not use this form?

Regularly sending goods—use the Annual Marine Cargo & Transit form.

Please note: We are unable to arrange insurance for one-off transits that involve carrying goods belonging to others please use the Annual Carriers Form

Who should use this form?

Existing policyholders renewing their annual Marine & Transit Insurance.

Who should not use this form?

New applicants or one-off shipments.

Renewal Form