Contact Us
Head Office
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Level 19, Citigroup Centre
2 Park Street
Sydney
New South Wales 2000 - Tel: 61 2 9240 1711
- Email: ask.aiu@aig.com
Commercial Property Insurance
Insurance designed to indemnify a business for its loss or damage or the loss of its income-producing abilities for causes other than those that are specifically excluded. It may cover property damage, business interruption, and extra expense covers.
Features and Benefits
- Property damage - Insurance to cover loss of physical property due to a specific set of circumstances.
- Extra expense - Insurance to cover consequential loss or damage, as opposed to direct loss or damage, resulting from a covered risk or incident.
- Business interruption - Insurance to cover the loss of earnings by a business because of the inability to operate for a long period of time. Reimbursement for salaries, taxes, rents, and other expenses plus net profits that would have been earned during the period of interruption can be included.