Commercial Property.

Cover your assets, minimize downtime. Get back to business quickly with our Commercial Property insurance, designed to protect your property, equipment, and income, and help you recover from unexpected losses. Choose from All Risk cover, Commercial Fire & Peril or Commercial Fire & Minor Peril.

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Protect your investments.

BCIC offers reliable and affordable property coverage for your commercial buildings, contents, machinery and stock. We provide competitive rates that give you premium coverage for all your assets.

What we offer

Coverage type

Commercial All Risks

Commercial Fire & Peril
Commercial Fire & Minor Perils
100% premium financing from 4 up to 11 months
Buildings, including outbuildings, gate houses, landlord fixtures, fittings and equipment, walls, walkways and foundations
12-month coverage period
Fire, lightning and explosion
Earthquake & volcanic eruption
Hurricane, rainstorm and windstorm
Flood not caused by earthquake or hurricane
Burglary and housebreaking
Accidental damage
Machinery breakdown
No claim discount
Contents

Including machinery, plant, equipment, tools, furnishing, fixtures, fittings, office supplies and customer goods held in trust

Stock

Including raw materials, work in progress, finished goods and more.

Deductible

In the event of a claim, you pay the first:

  • 2% of the sum insured item
  • $20,000

Answers for you.

Your house should be insured for the cost of rebuilding the house as new. That means it should be insured for what it would actually cost you to replace the buildings.

Yes you can. You can insure your household goods and personal belongings such as furniture, video and audio equipment, television and jewelry.

Yes. An Excess is applicable to most losses under home insurance except losses caused by fire, lightning, and explosion and damage from falling aerials, fittings or masts.

No. Under the Strata Titles Act, your apartment complex should be fully/adequately insured.

No. The Strata Corporation’s policy is for the joint owners of the building in which you live and only covers items that are commonly owned such as the building, guard house, swimming pool etc. You will have to take out a contents insurance policy to cover your own belongings.

Downloads

  • Motor Vehicle Proposal Form

  • Motor Vehicle Proposal Form

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