Commercial insurance

We can help you get commercial risk insurance to suit your business needs, whether you’re a large corporate, a SME or a sole trader . We have a wide range of insurance options from buildings and vehicles to goods in transit. So believe us, we have it covered.

What it covers

A personalised package of cover options

We can help arrange flexible cover, tailored to suit your budget and the specific nature of your business. 

  • commercial property – for investment purposes or for your business
  • stock and fittings, tools and equipment
  • vehicles you use for business
  • liability for accidental damage to other people and their property
  • loss of profits and interruption to your business if you can’t continue trading after a loss covered by the policy
  • goods in transit – from you to your customers and suppliers, and vice-versa
Insurance premiums

How much does it cost?

The cost depends on how much cover you want, the kind of business you own and a number of other factors. You can pay your premiums once a year by cheque or once a month by direct debit – you decide.

For an obligation-free quote, contact a local Westpac business manager.

Save time and money with Westpac

At Westpac you can pre-arrange insurance cover when you apply for the finance to buy the property. This gives you peace of mind knowing your insurance will be in place when you take possession of the property.

Ask for a ‘Valuation for Insurance Purposes’  when you get the valuation for the property you are buying.

Make sure you pay the right premium

If your insurance cover is arranged for the correct amount, you could save hundreds of dollars in premium and government Fire Service levies per annum. Speak to your local Westpac business manager about this.

Your premium will depend on a number of factors including the physical building and related costs, which can be substantially different to the market price.

For example, older single story properties in the centre of major cities often occupy sites that have the potential for redevelopment into retail shopping outlets with high-rise office and/or accommodation above. The commercial value and investment yield of the property is likely to be based on this potential, not the actual value of the old and low cost building materials.

A building with a commercial value at market of $2 million may actually have a replacement cost of much less.

It’s easy to make a claim

You can make a claim 24/7

Making a claim is easy. Just call us with the details and one of our claims advisers will send out a claim form immediately and guide you through the process, making sure that your claim is handled quickly and easily.

For claim enquiries, please contact your business manager or call us on 0800 177 188 and we will arrange for a claims adviser to call you back.

If you need to make a claim, call us as soon as possible. The sooner you let us know about your claim, the sooner we can help you.

Important note

If you suspect burglary, theft or malicious damage you should notify the Police immediately.