CGU has launched a new commercial property insurance package which can include Tenant rent default at professionally managed properties.
GU has launched a new commercial property insurance package, offering an all-in-one comprehensive insurance solution for the commercial property owner (excluding commercial strata risks).
From material damage (including tenant damage to a rental property) and machinery or equipment breakdown, to OH&S legal costs, loss of income and tax audit, CGU Padlock has your commercial properties covered.
Put simply, CGU Padlock is an easy and effective way to protect your commercial property investment. So lock up and insure your commercial properties with CGU Padlock insurance cover today - it's the ideal all-in-one Commercial Landlord property insurance solution.
For more information on this exciting new commercial property insurance product, call Andrew or Glenn on 03 9808 9222.
The policy can cover the following sections:
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Material or equipment damage to commercial property - accidental damage has no sub-limit
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Loss of income insurance cover for commercial landlords - covering tenant rent and all income
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Theft, money, rent default - theft has no sub-limit, blanket coverage on money to $50K, our cover for rent default on commercial properties is unique
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Glass damage repair
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Tax audit - up to $5,000
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OH&S legal costs - up to $100,000
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Commercial liability insurance cover - tailored to the commercial property owner
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Machinery/Electronic equipment breakdown
Additional benefits
CGU Padlock comes with great additional benefits and optional extras too:
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Tenant rent default at professionally managed properties
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Green commercial property replacement alternatives
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Complete 5-star energy replacement in a total loss of commercial property (but the most we will pay is 10 per cent more than the amount we would normally have paid to provide commercial property or equipment repair, or replace an item of property)
Source - CGU Insurance
