Medical Centre Insurance

Yes. Equipment breakdown cover can be included in your medical centre insurance package and covers mechanical and electrical failure of diagnostic equipment, sterilisation units, refrigeration and other medical plant. It typically includes repair or replacement costs and may extend to spoilage of temperature-sensitive medications and vaccines.

No. Professional indemnity insurance covers claims of professional negligence against individual practitioners and is separate from commercial property insurance. Most doctors hold PI cover through medical defence organisations such as MDA National, Avant or MIGA. Medical centre property insurance covers the building, fit-out, equipment, liability for premises-related incidents and business interruption.

Your commercial property cover pays for repairs to the building and fit-out, replacement of damaged equipment and contents, and clinical-grade cleaning. Business interruption cover replaces lost billing revenue and covers ongoing expenses such as staff wages and rent during the closure period. An adequate indemnity period is important, as medical fit-out reinstatement can take several months.

Electronic equipment insurance can include data restoration costs for practice management systems and electronic health records damaged by fire, flood or system failure. Cyber insurance, which is a separate product, covers data breaches and privacy-related incidents. Both should be considered as part of a comprehensive risk management approach.

Yes. Your landlord's insurance covers the base building structure, but as a tenant you are responsible for insuring your fit-out, medical equipment, contents, business interruption and your own public liability. A tenant's commercial property package through Shielded covers all of these exposures.

Leading commercial insurers including CGU, QBE, Zurich, Vero, Hollard, Allianz and AIG all offer policies suitable for medical centres. Each insurer has different rating approaches for healthcare properties. Shielded compares options across this panel to find the best cover and pricing for your practice.

Yes. Equipment breakdown cover typically extends to spoilage of temperature-sensitive stock, including vaccines and medications, caused by refrigeration failure. Given the value of vaccine inventory held by many practices, ensure your spoilage sub-limit is adequate. Cold-chain monitoring systems can also help reduce premiums.

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.