Shopping Centre Insurance
Shopping Centre Property and Liability Insurance
Shopping Centre Property and Liability Insurance
Why Shopping Centre Insurance Matters
A shopping centre requires adequate insurance to protect the physical assets, such as the building, any fixtures, fittings, contents, landscaping, and parking lots from events such as fire, flood, weather events, vandalism or other events that could cost the shopping centre thousands, to millions of dollars in repair costs. Fortunately, adequate insurance can cover these costs.
Shopping centres also have a large Public Liability Insurance exposure due to the frequent and large amount of foot traffic that is present. Whether the shopping centre is directly responsible if a customer slips, trips, falls in the shopping centre, or the tenant is found responsible, there will be legal costs incurred to the shopping centre.
The next largest exposure is business interruption costs/lost revenue if the shopping centre was unable to open. The tenants might not have to pay their rent, and as a result, could cost the shopping centre a large amount of income whilst the shopping centre was being repaired or rebuilt.
Business Insurance for a Shopping Centre
Shopping Centre Insurance can offer general protection which may include cover against:
How can Morgan Insurance Brokers help?
Morgan Insurance Brokers has access to a large panel of insurers for shopping centres, and extensive experience in this industry, which enables us to assist you to make informed decisions about the risks and obtain comprehensive and tailored insurance solutions to protect shopping centres from the financial risks associated.
Morgan Insurance Brokers are also your biggest support and advocate in the event of a claim. We can provide much-needed support and can assist and navigating the process to best protect your financial interests.
Contact us today so we can chat about your needs further.
