SME insurance comparison site BizCover has expanded its product range by launching property owners’ policies through Vero, AIG and QBE.

The offering is designed for commercial properties such as shops, offices and warehouses, protecting against risks such as damage, liability claims and loss of rental income.

BizCover CEO Michael Gottlieb says the launch is another step in making business insurance more accessible for SMEs.

“For commercial landlords, damage to a property can have consequences beyond the cost of repairs. If an insured event leaves a building unable to be rented out, the resulting loss of rental income can create additional financial pressure,” he said.

“We listened to customer feedback, and one thing was clear: commercial property owners wanted an easier way to arrange insurance, particularly when managing multiple properties and tenants.”

The offering enables eligible businesses to insure up to 10 properties, with up to 10 tenants at each location. 

Public liability cover is available with limits of $5 million, $10 million or $20 million. 

Mr Gottlieb said: “We’re already looking at ways to expand the offering next year, giving more Australian businesses access to a simpler, more convenient way to arrange insurance.”