Protect your commercial strata property with specialised insurance from WFI. Our strata insurance can be tailored to suit a wide range of commercial strata property types, from retail shops through to multi-tenanted office or industrial buildings.
Our people are experienced insurance professionals who take the time to listen to what’s important to you and talk to you about your insurance options. That way you can choose the cover that suits your needs.
If you ever have to make a claim, you can rest assured it will be handled by a dedicated claims officer who is on hand to provide a simple and timely claims process. Our philosophy is to provide an excellent personalised claims service to every client, in every claim.
WFI Commercial Strata Plan consists of seven different policies covering a range of risks. This approach gives you great flexibility as you can arrange your insurance to meet your particular requirements. It also means that if your circumstances change and you need more extensive insurance, it is easy for you to add another of the policies to your plan.
As well as insurance for accidental damage, burglary and theft for both building and common contents, our policy includes a number of additional benefits which are in addition to the sum insured for the building.
These include:
In addition to the above, WFI's Building and Common Contents policy also insures you for a combined total of up to $100,000 during any one period of insurance for a unit owner’s loss of rental income from a tenant and/or the use of temporary or emergency premises when a unit becomes uninhabitable or inaccessible as a direct result of damage to the building and/or the reasonable costs for the removal and storage of a unit owner’s contents while their unit is uninhabitable.
For full details, please refer to the Product Disclosure Statement.
WFI Commercial Strata Plan provides cover for the breakdown of machines and explosion or collapse of boilers, economisers or pressure vessels that you choose to insure. We will pay the lesser of the reasonable cost of repairs to the equipment or what it will cost to buy a new item of a similar make and model. In some circumstances we also pay for the cost to hire a temporary replacement electric motor and air and freight charges incurred due to the damage.
For full details, please refer to the Product Disclosure Statement.
We offer two different types of cover:
Accidental damage to or theft of electronic equipment
Loss or damage to electronic data processing media and information
Under this policy we will pay the lesser of the reasonable costs of repairs, the replacement value or the sum insured if accidental damage or theft occurs to electronic equipment that you choose to insure. We will pay the reasonable cost of replacing data processing media and restoring information. In some circumstances we will also pay any extra charges incurred for overtime and work on public holidays to replace the lost or damaged media.
For full details, please refer to the Product Disclosure Statement.
The Voluntary Workers Accident only policy insures voluntary workers against bodily injury, inability to work or death as a result of an accident which occurs while they are undertaking voluntary work for the strata company.
For full details, please refer to the Product Disclosure Statement.
WFI Commercial Strata Plan includes a Fidelity Guarantee policy. This insures you against loss of contents or money directly caused by a fraud committed by a strata council member or an employee.
For full details, please refer to the Product Disclosure Statement.
This policy protects you against your legal liability to pay compensation for personal injury or damage to property directly caused by an occurrence which happens in Australia in connection with the business as a Strata Company.
We also pay up to $250,000 for goods in your care custody and control or the amount shown on your Certificate of Insurance.
For full details, please refer to the Product Disclosure Statement.
This policy insures your strata council members and/or the Strata Company for civil liabilities which they may incur in their capacity as a strata council member and/or the Strata Company.
For full details, please refer to the Product Disclosure Statement.
The information provided above is intended as a summary only and is subject to the terms & conditions of the policy. For full details of the cover, conditions and exclusions relating to WFI’s commercial strata insurance please refer to the WFI Commercial Strata Plan Product Disclosure Statement (PDS).
If you are an existing policyholder, a previous version of the PDS may apply to your policy. Please contact WFI on 1300 934 934 for assistance.
For previous policy booklets, check our policy booklets page.