COMMERCIAL STRATA

EXPERTS IN COMPLEX AND HARD-TO-PLACE STRATA RISKS.

OUR FOCUS

The Barn’s Commercial Strata product is designed to offer tailored coverage that addresses the unique coverage needs of the strata market.

FACILITY SUMMARY

  • CAPACITY UP TO $30,000,000 PER RISK

  • 100% CAPACITY OR CO-INSURANCE SUPPORT

  • DEDICATED COMMERCIAL STRATA WORDING

  • 100% UNDERWRITTEN AT LLOYD'S

  • IN-HOUSE CLAIMS MANAGEMENT

RISK Appetite

We will target Commercial / Industrial Strata complexes with tenants that mirror The Barn’s current risk appetite. These include but are not limited to:

HIGHER HAZARD

Bakeries - Chemicals manufacture & storage - Cold storage facilities - Fibreglass manufacturers - Food Manufacturing & processing - High load & hazardous storage - Meat, seafood & smallgoods wholesalers - Multi-tenancy - Ski lodges, Backpackers & Resorts.

MEDIUM HAZARD

Adhesives & sealants - Commercial Printers - Cosmetics manufacturers - Hardware shops & supplies - Warehousing and storage.

LOW HAZARD

Accommodation - Education facilities - Importers & wholesalers - Low hazard manufacturing - Offices - Multi tenancy retail outlets - Structural Metal fabricators.

SECTIONS OF OUR COMMERCIAL STRATA POLICY ARE:

Property Damage

Comprehensive, ISR style coverage with a host of strata specific additional benefits.

Consequential Loss

Provides financial protection for lost rent and temporary accommodation when property becomes unfit for use due to insured damage.

Electronic Equipment

Accidental breakdown of Insured Electronic Equipment shown on the Schedule.

Machinery Breakdown

Accidental Breakdown up to the limit shown on the Schedule.

Crime

Burglary up to the limit shown on the schedule and $100,000 fidelity sublimit protecting clients against financial losses from fraud or theft committed by employees, office bearers, or strata managers.

Public Liability

Safeguards businesses against third-party claims for injury, property damage and liability, covering public and product-related risks.

ALSO AVAILABLE WITH GENERAL LIABILITY COVER:

Government Audit Costs

$250,000 limit reimbursed for professional fees incurred throughout auditing, financial or taxation affairs.

Legal Expenses

$250,000 sublimit

Covers businesses against day-to-day legal risks that are not covered by traditional insurances.

Our policy enables a client to both defend and pursue their legal rights for a range of common legal issues and disputes.

Office Bearers’ Liability

$1,000,000 legal liability, defence costs, and representation at investigations, ensuring financial security for office bearers and the entity

Environmental Impairment Liability

$250,000 limit providing protection against provides bodily injury, property damage and clean up costs resulting from a release of pollutants.