What are the maximum available limits for Hutch commercial strata insurance?

The maximum available limits are: Buildings & Common Contents – Up to $25M Combined Sum Insured; Property owner's legal liability – Up to $30M; Voluntary workers' personal accident – up to $300,000 / $3,000 weekly; Fidelity guarantee – Up to $250,000 for loss of body corporate funds through fraudulent misappropriation; Office bearers' liability – Up to $10M; Machinery breakdown – Up to $500,000 for repair or replacement following sudden mechanical failure; Government audit, health and safety, and legal expenses – $25k, $100k, $50k respectively; Cyber – Up to $25k. Limits shown are maximums available. Sub-limits, conditions, and exclusions apply. See the PDS for full terms.

What happens when a commercial strata risk goes to referral?

75% of referrals are turned around within 1 business day (based on a 12-month average).

Who underwrites Hutch commercial strata insurance?

Hutch commercial strata insurance is underwritten by certain underwriters at Lloyd's.

What is the fidelity guarantee limit under Hutch commercial strata insurance?

The fidelity guarantee provides up to $250,000 for loss of body corporate funds through fraudulent misappropriation.

What does the machinery breakdown section cover?

The machinery breakdown section provides up to $500,000 for repair or replacement following sudden mechanical failure.

Commercial Strata Insurance Australia

Q: What does Hutch commercial strata insurance cover?

Hutch Commercial Strata is an eight-section policy covering: Buildings and common contents (optional covers: flood where available, additional catastrophe cover, unit owners' fixtures and improvements); Property owner's legal liability; Voluntary workers' personal accident; Fidelity guarantee; Office bearers liability; Machinery breakdown; Government audit, health and safety, and legal expenses; and Cyber. Refer to the latest PDS for full details of covers, limits, conditions, and exclusions.

Q: How do brokers quote and bind Hutch Commercial Strata insurance?

Brokers can quote and bind Hutch Commercial Strata insurance via the Sunrise platform (HUTCS). Straightforward risks can be auto-quoted and bound in under 7 minutes (based on internal testing with 21 tenancies).

Q: What is pet liability cover in Hutch commercial strata insurance?

Pet liability provides cover for the body corporate's legal liability for accidental injury to or death of a resident's domestic pet in common areas. This is described as a market first.

Q: What is the cybercrime extension available under Hutch commercial strata insurance?

Cybercrime is an optional extension covering loss of body corporate funds from cybercrime and defence costs from a data breach. The cyber section provides up to $25,000 in cover.

$25M

Max Buildings and Contents Sum Insured.

$30M

Liability Limit.

< 7 Min

Auto-quote and bind for straightforward risks.
^{(Based on internal testing with 21 tenancies).}

1 Business Day

75% of referrals turned around within 1 business day.
^{(Based on a 12-month average).}

Key Covers and Appetite

What does Hutch Commercial Strata Insurance Cover?

Hutch Commercial Strata is an eight-section policy covering:

Buildings and common contents
Optional covers: flood (where available), additional catastrophe cover, unit owners' fixtures and improvements.
Property owner's legal liability
Voluntary workers' personal accident
Fidelity guarantee
Office bearers liability
Machinery breakdown
Government audit, health and safety, and legal expenses
Cyber

Cover That Means Business

Underwritten by certain underwriters at Lloyd’s

Maximum Available Limits

The figures below are the maximum available limits. Cover is subject to the terms, conditions, sub-limits, and exclusions in the PDS.

Buildings & common contents – Up to $25M Combined Sum Insured
Property owner's legal liability – Up to $30M
Voluntary workers' personal accident – up to $300k / $3k weekly.
Fidelity guarantee – Up to $250k for loss of body corporate funds through fraudulent misappropriation.
Office bearers' liability – Up to $10M
Machinery breakdown – Up to $500k for repair or replacement following sudden mechanical failure.
Government audit, health and safety, and legal expenses - $25k, $100k, $50k respectively
Cyber – Up to $25k

Pet Liability

Cover for the body corporate's legal liability for accidental injury to or death of a resident's domestic pet in common areas. A market first.

Cybercrime

An optional extension covering loss of body corporate funds from cybercrime and defence costs from a data breach.

What is Hutch's Commercial Strata Appetite?

Occupancy Appetite

Over 1,400 occupancies, including retail, office, medical, and some manufacturing and wholesale tenancies (which will be assessed on a case-by-case basis), are all within appetite. No ANZSIC-level occupancy required for straightforward low-risk tenancies.

Appetite criteria	Details
Risk type	Commercial strata and body corporate.
Occupancy	Retail, office, medical, education, some manufacturing and wholesale (assessed on a case-by-case basis), and more.
Residential content	Up to 79% residential units permitted.
Building and contents combined sum insured	Up to $25M for new business.
Liability limit	Up to $30M.
Temporary accommodation & loss of rent	Up to 30% of the building sum insured in aggregate for the policy period.
Geography	Below the 26^th parallel south.

Awarded a 5 Star rating from LMI ClaimsComparison

LMI ClaimsComparison is an independent site that rates the claims service of Australian Insurers by product class without fear or favour.

How do Brokers Quote and Bind Hutch Commercial Strata Insurance?

You've got a mile-long to-do list, a never-ending inbox, and your clients need their policies bound urgently. We have built our quoting setup around that reality.

Ebix Sunrise Exchange

Hutch Commercial Strata is available via Ebix Sunrise Exchange. Digital tools that are available 24x7x365. When quoting with Sunrise, there is no double keying, no closings and invoices are automatically populated. Log in, search HUTCS, enter the risk details, and bind.

Underwriter Spotlight

Gayle Harmar

Head of Property

Gayle's team of property underwriters spans Hutch’s Strata and Landlords products. Harmar brings over two decades of experience across personal and commercial lines in both the UK and Australia.

Learn More