Commercial Property Insurance

Get cover for your commercial property, contents, and stock against accidental damage and loss or damage from insured events like storm*, fire* and explosions.

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COVERage

What does Commercial Property Insurance cover?

What's covered

The Property Damage section of an AAMI Business Insurance policy provides cover for the following:

Insured Events

Covers for situations like:

  • Accidental damage.
  • Flood*
  • Fire*
  • Escape of molten material from its intended confines at the premises
  • Lightning
  • Explosion or implosion
  • Storm, wind and rain*
  • Water damage caused by leaking from damaged pipes, water systems, tanks or drains, or by a damaged water main near the building
  • Impact
  • Riot or civil commotion
  • Malicious acts
  • Earthquake

Limits, conditions and exclusions apply. Please refer to the PDS for details.

Catastrophe Inflation Protection

If your building is damaged by a catastrophe covered by your policy, we’ll pay up to 20% extra on top of the insured amount for that building to cover increased rebuilding costs caused by the disaster.

Conditions and exclusions apply. Please refer to the PDS for details including what we mean by ‘catastrophe’.

  • Loss or damage to commercial buildings, contents and stock from insured events.
  • Loss or damage to glass windows, signs and showcases at your property
  • Rewriting of records if your business media is lost or damaged
  • Environmental technology upgrades – such as solar panels – to property damaged or lost in an insured event
  • Catastrophe inflation protection up to 20% of the insured amount of the building
  • Damage to stock and contents temporarily removed from the premises due to an insured event
  • Damage to landscaping – such as trees, shrubs and lawns – up to $10,000

What's not covered

Income Protection

With the ‘Back in Business’ cover option (available under an AAMI Business Insurance policy), we can help cover reduction in business revenue and increased costs of working from business interruption due to an insured event.

See PDS and Policy Wording for details.

Workers Compensation Insurance

AAMI Business Insurance does not cover Workers Compensation. However, GIO, another brand within the Suncorp Group, provides Workers Compensation Insurance in some States and Territories. For more details, visit the GIO website.

  • Wear, tear and gradual deterioration
  • Loss or damage to electrical appliances from a power surge, unless caused by a fire resulting from the surge
  • Loss of income – for example, if storm damage to your commercial building stops you trading.
  • Workers Compensation – for example, your employee is injured at your commercial premises. This would typically be covered under Workers Compensation Insurance.

This information is a summary only. For more info on what we cover and what isn’t covered, including terms, limits, conditions, and exclusions, read the PDS and Policy Wording.

Call 13 22 44 for a quote

Request a callback

Running your business from home?

OTHER COVERS We offer

Get extra coverage for your business with a Business Insurance policy

AAMI Business Insurance can include Property Damage cover to insure your commercial property, plus you can customise your policy with other cover options to suit the needs of your business.

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Public & Products Liability

INCLUDED WITH BUSINESS INSURANCE

Cover for legal liability if your business or products cause personal injury to someone else (who isn’t an employee) or damage to their property. Depending on your occupation, you can select a limit of up to $5 million, $10 million or $20 million.

Public & Products Liability

Covers for situations like:

  • A customer trips in your home and is injured.
  • A client has an allergic reaction to a product you sell.
  • You accidentally spill water on a customer’s phone and damage it.

What situations can be covered?

Income protection

Back in Business

Covers for situations like:

  • A fire damages your home and you cannot trade, leading to a loss in revenue.
  • Your home office ceiling collapses in a storm and you can’t provide your service to your clients, which reduces your revenue.
  • A truck drives into the front of your home, blocking customer access, which impacts your revenue.

We call this 'Back in Business' and it can provide cover for a reduction in business revenue and increased costs of working up to 12 months from business interruption or interference due to loss or damage from an insured event.

Back in Business

Covers for situations like:

  • A fire damages your home and you cannot trade, leading to a loss in revenue.
  • Your home office ceiling collapses in a storm and you can’t provide your service to your clients, which reduces your revenue.
  • A truck drives into the front of your home, blocking customer access, which impacts your revenue.

What situations can be covered?

Theft

Cover of loss of, or damage to, your contents, specified items and stock caused by theft.

Theft

Covers for situations like:

  • Someone breaks into your home and steals some of your electronic equipment and stock.
  • Someone steals the keys to your home and you need to replace the lock and keys.
  • A break-in damages your home’s lock, requiring temporary security until it's replaced.

What situations can be covered?

Tools and Portable Equipment

We call this Portable and Valuable Items cover, which provides cover for portable and valuable items you usually carry around with you in the course of your business, like specialist tools, mobile phones and point of sale terminals. Items valued under $2,500 don’t need to be specified on your policy.

Tools & equipment

Covers for situations like:

  • On your way to your client you drop your work phone, which is damaged and needs a replacement.
  • Your business equipment is stolen from your locked vehicle.
  • Your client spills hot coffee on your work laptop.

What situations can be covered?

Tax probe

Cover for professional fees reasonably and necessarily incurred by you if your business’s financial or tax affairs are audited by the Australian Taxation Office, or a State or Territory department or agency. You can select a limit of up to $100,000 when you get a quote online.

Tax Probe

Covers for situations like:

  • Your business’s GST is audited and you need to pay the professional fees of your accountant.
  • Your business’s payroll tax is audited and you need to pay your accountant’s professional fees.
  • Your business’s superannuation guarantee is audited and you need to pay your accountant’s professional fees.

What events can be covered?

Money

Cover for the loss of, or damage to, your business’s money while in transit, at the premises or in custody at a private home. You can select a limit of up to $20,000 when you get a quote online.

Money

Covers for situations like:

  • Your home is broken into and your business money is stolen.
  • Your business money is stolen in an armed hold-up on your way to the bank.

What events can be covered?

Commercial motor

Choose from three types of cover for the business vehicles you insure: Comprehensive, Legal Liability only, or Legal Liability, Fire and Theft.

Commercial motor

Covers for situations like:

  • Your employee has reversed your business car into someone else's vehicle causing damage for which they are legally liable.
  • Flood waters have damaged your parked vehicle (Comprehensive only).
  • Someone has stolen your locked vehicle (Comprehensive or Legal Liability, Fire and Theft only).

What situations can be covered?

Learn more about Business Insurance

Or get a Business Insurance quote

*We do not insure you for flood, bushfire or grass fire in the first 72 hours of commencing a new policy or adding property damage cover. Damage from cyclone within 72 hours of commencing a new policy is also not covered. Refer to the PDS and Policy Wording for details.

This information is a summary only. For more info on the covers we offer and what isn’t covered, including terms, limits, conditions and exclusions, read the Product Disclosure Statement (PDS) and Policy Wording.

Express Claim Settlements with AAMI

If your Commercial claim is under $15,000 and lodged online, you may be eligible for our express settlement.1 Claims lodged online will receive a claim number within 4 hours of lodgement and we will keep you informed via Online status updates.2 For further details, visit our Business Insurance Claims page.

Claim online now

Terms & Conditions - Express claims settlement

1 Subject to sufficient information being provided. Only available for Commercial Property, Product Liability and Engineering claims, excludes Motor and Home claims.

2 Only available for Commercial Property, Product Liability and Engineering claims, excludes Motor and Home claims. Only available for claims lodged Online.

T&Cs apply

View our claims process

Why people choose AAMI

Trusted since 1969

We’ve been helping Aussies for over 55 years.

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Pay monthly at no extra cost

We provide flexible options for paying your premium.

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Make a claim online 24/7

If things go wrong, we can help get you back in business quicker.

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Skip the queue and do it online

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Frequently Asked Questions

COMMERCIAL Property insurance

Helpful articles

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What is Public Liability insurance and why do I need it?

Owning and operating a business comes with a lot of responsibility. Learn more about why it’s important to cover your business with Public Liability insurance.

How much does public liability insurance cost?

Public liability insurance may seem to be expensive for small business owners. Make sure you have the right coverage by knowing your options and getting a custom quote for your business.

View all AAMI Informed articles

Terms & Conditions - Express claims settlement

1 Subject to sufficient information being provided. Only available for Commercial Property, Product Liability and Engineering claims, excludes Motor and Home claims.

2 Only available for Commercial Property, Product Liability and Engineering claims, excludes Motor and Home claims. Only available for claims lodged Online.

Workers Compensation Insurance

AAMI Business Insurance does not cover Workers Compensation. However, GIO, another brand within the Suncorp Group, provides Workers Compensation Insurance in some States and Territories. For more details, visit the GIO website.

Public & Products Liability

Covers for situations like:

  • A customer trips in your home and is injured.
  • A client has an allergic reaction to a product you sell.
  • You accidentally spill water on a customer’s phone and damage it.

Insured Events

Covers for situations like:

  • Accidental damage.
  • Flood*
  • Fire*
  • Escape of molten material from its intended confines at the premises
  • Lightning
  • Explosion or implosion
  • Storm, wind and rain*
  • Water damage caused by leaking from damaged pipes, water systems, tanks or drains, or by a damaged water main near the building
  • Impact
  • Riot or civil commotion
  • Malicious acts
  • Earthquake

Limits, conditions and exclusions apply. Please refer to the PDS for details.

Catastrophe Inflation Protection

If your building is damaged by a catastrophe covered by your policy, we’ll pay up to 20% extra on top of the insured amount for that building to cover increased rebuilding costs caused by the disaster.

Conditions and exclusions apply. Please refer to the PDS for details including what we mean by ‘catastrophe’.

Tools & equipment

Covers for situations like:

  • On your way to your client you drop your work phone, which is damaged and needs a replacement.
  • Your business equipment is stolen from your locked vehicle.
  • Your client spills hot coffee on your work laptop.

Money

Covers for situations like:

  • Your home is broken into and your business money is stolen.
  • Your business money is stolen in an armed hold-up on your way to the bank.

Income Protection

With the ‘Back in Business’ cover option (available under an AAMI Business Insurance policy), we can help cover reduction in business revenue and increased costs of working from business interruption due to an insured event.

See PDS and Policy Wording for details.

Back in Business

Covers for situations like:

  • A fire damages your home and you cannot trade, leading to a loss in revenue.
  • Your home office ceiling collapses in a storm and you can’t provide your service to your clients, which reduces your revenue.
  • A truck drives into the front of your home, blocking customer access, which impacts your revenue.

Tax Probe

Covers for situations like:

  • Your business’s GST is audited and you need to pay the professional fees of your accountant.
  • Your business’s payroll tax is audited and you need to pay your accountant’s professional fees.
  • Your business’s superannuation guarantee is audited and you need to pay your accountant’s professional fees.

Theft

Covers for situations like:

  • Someone breaks into your home and steals some of your electronic equipment and stock.
  • Someone steals the keys to your home and you need to replace the lock and keys.
  • A break-in damages your home’s lock, requiring temporary security until it's replaced.

Commercial motor

Covers for situations like:

  • Your employee has reversed your business car into someone else's vehicle causing damage for which they are legally liable.
  • Flood waters have damaged your parked vehicle (Comprehensive only).
  • Someone has stolen your locked vehicle (Comprehensive or Legal Liability, Fire and Theft only).