QBE invites you to consider our new Commercial Landlords ISR offering

QBE Commercial Landlords Insurance provides comprehensive protection to safeguard property owners and their investments against a wide range of risks. We have offered similar cover for residential landlords under our Business Package policies for many years which provided peace of mind and protection for landlords who owned these smaller risks. We now look forward to offering this tailored solution to owners of larger and more complex commercial property.

What’s new?

• A streamlined underwriting process with a team of underwriting assistants to undertake the triage of submissions and deliver faster, consistent responses.
• An updated acceptance standard, selection and pricing criteria to provide even more empowerment to our local underwriting teams that will provide a more competitive offering in respect of pricing and lower requirements in respect of risk management information.
• Drafted optional covers to agreed ISR wordings that are specific to commercial landlords’ needs which we believe will be of interest to them.

Key benefits

QBE’s Commercial Landlords Insurance offers extensive coverage with additional benefits tailored to the needs of commercial property owners. This means that a landlord’s assets can be more comprehensively protected than they would be under a traditional ISR.

• Property protection – coverage for damage to buildings and fixed assets
• Loss of income – compensation for rental income loss due to insured events
• Glass cover – protection for accidental breakage of fixed glass
• Burglary protection – coverage for theft and damage caused by forced entry
• Money cover – safeguarding cash and negotiable instruments
• Flood cover – protection against flood-related damage.

We offer policy flexibility and local claims handling

We can work together to customise and endorse our Commercial Landlords ISR coverage for a mixed schedule of owner-occupied and tenanted properties.

The QBE ISR Claims Team is based in Australia, so your customers can feel good knowing they’ll get fast claims support when they need it most.

Optional covers

If you’re looking for coverage options specifically tailored to your customer’s needs, written as extensions to an ISR policy wording, we can provide this in a prompt, effective and competitive manner. For even more expanded coverage, policyholders can select from optional covers, including:

• Rent default protection – up to $3,000,000, capped per event and in aggregate
• Indemnity period options – from 26 weeks up to 52 weeks
• No material damage trigger – rent default cover available without a material damage requirement
• Machinery and electronic equipment breakdown – coverage up to $25,000
• Tax audit protection – coverage up to $25,000
• Policy flexibility – coverage can be customised and endorsed on existing broker wordings

Target market

The Commercial Landlords policy is designed to support a broad range of commercial property owners, particularly focusing on SMEs to Mid-Market Enterprises, and well-maintained assets with strong risk management practices.

• Limit any one loss from $15,000,000 to $50,000,000
• Higher limits can be considered for specific circumstances.

Applicable property types

We understand that tenants can run many different types of businesses, but we believe the following broad industry sectors address the majority of Landlords needs.

• Business Parks
• New Industrial Estates
• Property Developers (Build and Operate)
• Residential Accommodation for the Aged
• Shopping Centres
• Warehousing and manufacturing
• Mixed Commercially Leased and Owner-Operated Properties.

Limited appetite

While we have a broad appetite we maintain a limited appetite for certain location types, including:

• Hangars
• Marinas
• Defence and Associated Infrastructure
• Highly Catastrophe-Exposed Risks
• Owners of Mining Properties
• Community Housing.

Want to know more?

Get in touch with your local QBE representative today to learn more about how our Commercial Landlords Insurance can provide optimal protection for commercial property owners. We are ready to assist you.