Property insurance protects Australian companies from damage, loss and disruption, ensuring continuity when physical assets are at risk.

Property insurance is a policy that protects a company’s physical assets—such as buildings, equipment, stock and contents—from damage or loss due to events like fire, theft, vandalism or natural disasters. It is a cornerstone of risk management for Australian businesses, especially in a climate-prone environment where bushfires, floods and storms are common.

This insurance is not just about replacing damaged property—it is about ensuring business continuity. Many policies include business interruption cover, which provides financial support for lost income and operating expenses while repairs are underway.

Typical coverage includes:

• Building insurance: Covers damage to the physical structure of your premises
• Contents insurance: Protects furniture, equipment, and inventory
• Business interruption: Covers lost revenue and fixed costs during downtime
• Equipment breakdown: Covers repair or replacement of essential machinery
• Theft and vandalism: Reimburses for stolen or damaged property
• Natural disaster extensions: Optional cover for bushfires, floods, and cyclones

For many businesses, property insurance is also a lender requirement when securing finance. It protects both the business and the lender’s collateral.

Without adequate cover, a single event like a fire or flood could result in significant out-of-pocket costs, operational shutdown, or even permanent closure. In 2022 alone, over $5 billion in claims were paid out for natural disasters in Australia.

In short, property insurance is not just a safety net—it is a strategic investment in resilience. It helps businesses recover faster, maintain cash flow, and protect the assets that keep operations running.