Property Insurance
By having the correct insurance protection for your physical assets, you will gain the financial security and the peace of mind that you need so that you can focus on what you do best – operating your business.
Commercial Property Insurance
For larger Commercial Property risks, we would recommend using an Industrial Special Risks (ISR) policy. This provides you with the following coverage:
- Accidental Loss or Damage to the Physical assets of the business (including fire, storm and other perils).
- Consequential Loss of Profits/Revenue, also known as Business Interruption.
For other Commercial Property risks, we would recommend using a Business Insurance package. This package provides a suite of policies that can be ‘mixed & matched’ to suit your individual needs.
Important Tips:
Trident puts a strong emphasis on accurately insuring your assets. Some of the key areas of our focus are:
- When was the last valuation performed? Has this been adjusted to reflect increased replacement costs due to increases in building material & labour costs?
- Is the removal of debris sub-limit sufficient for the property if there is a total loss? Are there any factors that need to be considered (asbestos, contaminated soil, etc.) that could increase the removal of debris costs?
- How long will it take to rebuild the property & return to pre-loss income levels – 12, 18 or 24 months?
Commercial property insurance is a core area of our practice. We work with property owners, investors, and tenants across Western Australia to arrange comprehensive building, contents, business interruption, and liability coverage — protecting your property assets at every stage.
What Property Insurance Covers
For larger commercial property risks, an Industrial Special Risks (ISR) policy covers accidental loss or damage to the physical assets of the business — including fire, storm, and other perils — as well as Consequential Loss of Profits (Business Interruption). For other commercial risks, a Business Insurance package provides a suite of policies that can be tailored to your specific needs. Key considerations include whether asset valuations reflect current replacement costs, whether debris removal sub-limits are adequate, and whether the business interruption period is sufficient for a full rebuild and recovery.