Commercial Strata.

Commercial strata covers schemes where the lots are commercial rather than residential. The cover envelope is similar to residential strata in structure (building, common property, body corporate liability) but the risk profile is materially different: machinery breakdown, public-facing liability, and tenant fit-out interface all sit alongside the structural cover.

Who it is for

• Office tower strata schemes
• Retail strata (shopping centre lots, strip retail)
• Warehouse and industrial unit strata
• Medical and consulting suite strata
• Mixed commercial-only precincts

Typically includes

• Building replacement cover (sum insured to current rebuild value)
• Common property machinery breakdown (lifts, HVAC, plant)
• Public liability with commercial-grade sum insured
• Office bearer's liability for the body corporate committee
• Loss of rent for body-corporate-owned spaces
• Glass cover for shopfronts and common-property glazing
• Catastrophe sub-limits per carrier wording

Considerations at placement

• Tenancy mix and exposure profile
• Public-access surfaces (loading docks, customer thoroughfares, parking)
• Machinery age and maintenance contracts
• Tenant fit-out responsibilities vs body corporate responsibilities (the interface is where claims are contested)
• Liability sub-limits matched to commercial use

Cover specifics vary by carrier and the risk profile of the scheme. Talk to a broker to scope the right placement.