Commercial strata cover
Superior, comprehensive insurance coverage.
SUU’s specialised strata insurance products are uniquely designed to provide superior, comprehensive insurance coverage to promote peace of mind in strata ownership. Below is a summary of the Product Coverage and Key Features of our Commercial Strata cover.
Please note SUU no longer offer’s insurance policies for Industrial Strata Complex’s. We do continue to provide quotes and renewals for all other commercial strata, offices, retail and mix use strata policies that fall within our underwriting guidelines.
The cover you need, with
practical features that go further.
Product coverage
Our comprehensive, multi-section commercial strata policy can provide cover for:
- Accidental Damage, Physical Loss, or Destruction of your building or common contents
- Breakage of Glass
- Loss or damage of property as a result of theft or attempted theft
- Legal liability for Owners Corporation/Body Corporate
- Loss following fraudulent misappropriation of funds
- Office Bearers liability
- Injury of Voluntary Workers
- Government Audit Costs for your financial affairs
- Legal expenses following proceedings brought against you
- Legal expenses for Workplace Health and Safety Breaches
- Machinery Breakdown
- Lot-owner improvements
Key features
Commercial strata key features can include:
- Storm surge cover resultant from named cyclone (flood cover considered on request)
- Automatic 15% Loss of Rent cover (additional 15% available)
- Liability cover for Members, Volunteers, Voluntary Workers and Fire Wardens
- Liability and Office Bearers’ cover for your Strata Manager whilst acting in the Body Corporate’s capacity
- Strata Manager Defence costs
- Office Bearers’ cover extended up to 30 days following expiry
- Office Bearers’ cover including automatic reinstatement of sum insured
- Office Bearers’ cover for unintentional acts outside of authority
- Office Bearers’ cover for your unintentional decision not to effect and maintain insurance as required under your strata legislation
- Automatic Paint and Wall Covering cover (NSW/ACT)
- Optional Catastrophe cover
- Optional Floating Floor cover
Why you need commercial strata insurance?
Because shared property means shared risk. Commercial strata insurance helps protect the building, common areas, and the owners corporation when unexpected events affect the whole community.
Legal requirements
Commercial strata insurance is typically required under strata legislation, helping owners corporations meet their obligations and maintain appropriate protection for the building and common property.
Financial protection
A single event can create large shared costs for repairs, replacement, and recovery. Commercial strata cover helps protect the building and common assets, reducing the financial impact on lot owners.
Shared risk management
Shared property means shared responsibility. Cover can help manage liability exposures and governance risks connected to common areas, volunteers, and owners corporation decisions.
What helps us quote you faster.
The quickest path to a clean quote is a clear submission. Share the key details upfront and we can move faster, reduce back and forth, and get you an accurate outcome sooner.
Property address and building details
So we can confirm the risk location and the basic building profile.
Sum insured or building valuation information
Helps align the quote to the right level of building replacement cover.
Construction/risk details relevant to the building
Key details that can impact rating and terms, such as building features.
Claims history, where available
Gives context and helps avoid delays during assessment.
Strata plan and supporting documents
Lets us verify key information and keep the process moving.
Helpful answers and key documents.
Explore our most common questions, then review the Policy Overview, PDS and TMD to understand what’s covered.
Strata insurance typically covers the building structure and shared property rather than individual unit contents. It typically includes protection for the physical building (walls, roof, windows), common areas (hallways, lifts, gardens), and fixtures as defined as building in accordance with the building definition in the policy wording. It covers damage from events like fire, storm, earthquake, impact damage, and vandalism etc. It also provides public liability cover for injuries in shared spaces and may cover legal costs for the owners corporation. It ensures the building can be repaired or rebuilt if damaged. Some policies also have additional policy sections that can provide cover for many other exposures the body corporate may face – for full coverage details refer to the relevant PDS & Policy Wording.
Everything you need,
all in one place.
Get straight to the essentials. Access SUU Online to obtain a quote, manage key policy info, or lodge a claim when you need support.