Healthcare Property Insurance

A single-practitioner allied health clinic might pay $1,500 to $4,000 per year. A mid-sized medical centre or dental practice typically pays $5,000 to $15,000. Larger facilities with high-value imaging equipment, day surgery suites or multiple locations can pay $20,000 to $60,000 or more. Shielded compares quotes across our full insurer panel to find the best option.

Standard property policies cover damage to equipment from fire, storm, theft and water damage but exclude mechanical and electrical breakdown. Machinery breakdown cover must be added separately and is strongly recommended for healthcare practices that rely on autoclaves, imaging systems, dental chairs and other specialist equipment.

Yes. Sudden and accidental water damage from burst pipes is a standard covered event. The claim would cover repair or replacement of damaged medical equipment, fit-out reinstatement, and business interruption losses during the repair period. Ensuring your sums insured are accurate is critical, as medical equipment replacement costs can be substantial.

Theft of stock, including medications, following forcible entry is generally covered. However, insurers may require specific security measures for practices holding Schedule 8 controlled drugs, including compliant safes, alarm systems and CCTV. Internal theft by employees typically requires a separate fidelity cover extension.

Public liability covers injury to people on your premises from non-clinical causes, such as a patient tripping in the waiting room. Professional indemnity covers claims arising from clinical treatment, diagnosis or advice. Both are needed. Healthcare property insurance includes public liability, while professional indemnity is arranged separately through specialist medical indemnity providers.

For healthcare practices, an indemnity period of 12 to 18 months is recommended. This accounts for the time needed to rebuild or refit the premises, source and install replacement medical equipment, re-credential with Medicare and health funds, and rebuild patient numbers. Specialist equipment can have lead times of three to six months.

Yes. Shielded places insurance for day surgeries, specialist consulting suites, pathology laboratories, radiology practices and other specialist medical facilities. We work with CGU, QBE, Zurich, Vero, Hollard, Allianz and AIG to structure comprehensive programs covering high-value fit-outs, medical equipment, business interruption and the specific liability exposures of specialist healthcare facilities.

Commercial property insurance covers a wide range of property types including office buildings, retail shops, warehouses, factories, shopping centres, hotels, motels, restaurants, cafes, medical centres, child care centres, gyms, salons, laundromats, churches, petrol stations, mixed-use developments and more. Whether you own a single tenancy or a multi-storey complex, we tailor cover to match your property.

Premiums vary based on building value, location, construction type, tenant occupation and risk profile. A small retail shop may cost $1,500 to $4,000 per year, a standard office building $3,000 to $10,000, and a large warehouse or industrial property $5,000 to $25,000+. High-risk tenancies (restaurants, manufacturing) attract higher premiums. Request a free quote through Shielded for an accurate indication.

Commercial building insurance covers the physical structure including walls, roof, floors, fixed fixtures, common areas, car parks, fencing and services (electrical, plumbing, HVAC) against fire, storm, flood, impact damage, malicious damage, theft and accidental damage. It typically also covers demolition and removal costs, professional fees (architects, engineers) and compliance with current building codes when rebuilding.

If you own a commercial building and lease it to tenants, you need commercial landlord insurance. This covers the building structure, landlord's contents (common area furnishings, HVAC systems), public liability for common areas, loss of rental income if the building is uninhabitable after an insured event, and plate glass. Your tenants are responsible for insuring their own contents, stock and fit-out.

Loss of rental income (also called business interruption for landlords) provides replacement income if your commercial property becomes uninhabitable after an insured event such as fire, storm or flood. It covers the rental income you would have received during the repair or rebuild period, typically for up to 12 or 24 months. This is essential for property investors who rely on rental returns.

Plate glass cover is usually an optional add-on, not included in the base building policy. It covers the cost of replacing glass shop fronts, windows, doors, display cases and signage glass that is accidentally broken or vandalised. For retail properties with large glass frontages, this is an important cover to include.

Generally, the landlord insures the building structure, common areas and landlord's fixtures. Tenants are responsible for insuring their own contents, stock, fit-out, trade fixtures and their own public liability. Most commercial leases clearly define these responsibilities. As a landlord, ensure your lease requires tenants to hold adequate insurance and provide certificates of currency.

Contact us at Shielded Insurance on 1800 97 98 99 or reach out to your insurer directly. We recommend notifying us as soon as possible after damage occurs, documenting everything with photos, securing the premises to prevent further damage, and keeping records of all emergency repair costs.

We compare quotes from leading Australian commercial property insurers including CGU, QBE, Zurich, Vero, Hollard, Allianz, AIG and others. The best insurer depends on your property type, construction, tenant occupation and risk profile. As brokers, we do the comparison work to find competitive and suitable cover for your property.

Review your policy annually at renewal, or whenever there are significant changes such as new tenants, renovations, extensions, changes in building use, or updated valuations. Building replacement costs increase over time - if your sum insured does not keep pace with construction cost inflation, you risk being underinsured at claim time. We recommend a professional building valuation every 3 to 5 years.