Ansvar building insurance: what each policy covers, and who underwrites it
2 building policies from Ansvar. For each: whether flood and accidental damage are covered, and what happens once the building is left empty, with the sentence from its own documents. Underwritten by Ansvar Insurance Limited.
- Website
- ansvar.com.au/
- What it is
- Insurer
- Listed on
- Business premises and property owners, Factories, warehouses and large property (ISR)
- Underwriter
- Ansvar Insurance Limited
- APRA
- Authorised by APRA to write new general insurance (listed as Ansvar Insurance Limited)
Building policies
Ansvar Commercial Property Owners Insurance
- Type
- Commercial landlord · Commercial
- Sold
- Through a broker
- Accidental damage
- Included
- Left empty
- No cover after 100 days (a few events excepted). Still covered: lightning, earthquake, volcanic eruption, subterranean fire, impact by vehicles, animals, trees, aircraft, falling masts or buildings. You must tell the insurer. Unoccupied means left vacant even if contents remain. Cover continues only if Ansvar confirms it in writing.
- Who it is for
- Businesses or individuals who own commercial property, with a location limit of liability for Property Protection and Business Interruption up to $15,000,000; Australian locations only.
- Documents
- Product Disclosure Statement and Policy Wording (CPOP 0624 V1) (2024-06) · Target Market Determination (effective 30/04/2026) (30 April 2026)
- Ansvar does not accept applications on a direct basis; a broker with an Ansvar agreement must arrange cover.
- The applicant can select some or all of the 7 sections, so Property Protection (which covers buildings, contents and stock) is a chosen section.
- Flood: the PDS lists Flood among the Property Protection additional benefits and refers to 'flood (if cover is provided)', but the wording extracted did not state clearly whether it is automatic or optional, so flood is recorded as null.
The policy
“This product is designed for businesses or individuals who own Commercial Property.”
Source: ansvar.com.au/wp-content/uploads/Commercial-Property-APRIL-2026-COMPROPTMD0426V6.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“This product is available Australia wide through insurance brokers who have a broker agreement in place with Ansvar.”
Source: ansvar.com.au/wp-content/uploads/Commercial-Property-APRIL-2026-COMPROPTMD0426V6.pdf · Confirmed on the insurer's page on 13 November 2026.
Accidental damage
“This Section covers you for accidental damage to your insured property at the declared location(s).”
Source: ansvar.com.au/wp-content/uploads/Ansvar-Commercial-Property-Owners-PDS-and-Policy-Wording-0624-V1-1.pdf · Confirmed on the insurer's page on 13 November 2026.
Left empty
“cover under the Property Protection, Money and Theft sections of Part A: Property and Business Interruption will cease if the location(s) becomes unoccupied for a period of more than 100 consecutive days.”
Source: ansvar.com.au/wp-content/uploads/Ansvar-Commercial-Property-Owners-PDS-and-Policy-Wording-0624-V1-1.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Operators with a location limit of liability for Property Protection and Business Interruption (Income Protection) up to $15,000,000”
Source: ansvar.com.au/wp-content/uploads/Commercial-Property-APRIL-2026-COMPROPTMD0426V6.pdf · Confirmed on the insurer's page on 13 November 2026.
Ansvar Industrial Special Risks (Mark IV Modified)
- Type
- Industrial special risks (ISR) · Industrial
- Sold
- Not stated
- Left empty
- No cover after 60 days. You must tell the insurer. Insurer not liable for loss caused or contributed to by it, unless notified and agreed in writing (extra premium may apply).
- Who it is for
- Insurable asset values over $10 million; medium to large businesses or commercial property owners.
- Documents
- ISR Mark IV Consolidated Insurance Policy Wording (AUSPOLISR 0523 V1) (1 May 2023)
- Flood is excluded or included by location; the wording refers to 'Flood (if cover is provided)'.
- Page directs larger (over $20m) commercial property owner risks to ISR.
- The wording excludes flood (Perils Exclusion 3) except where the policy provides flood cover, so whether flood is covered depends on the schedule.
The policy
“Our ISR Mark IV Modified insurance policy wording is designed to protect a medium to large business or commercial property owners against damage to their property (material loss) and/or financial loss cover (business interruption) as a result of property damage.”
Source: ansvar.com.au/industrial-special-risks/ · Confirmed on the insurer's page on 13 November 2026.
Left empty
“c) whereby any premises containing any Property Insured hereunder shall become unoccupied, and so remain for a period of more than sixty (60) days; or”
Source: ansvar.com.au/wp-content/uploads/Ansvar-ISR-Mark-IV-Consolidated-Insurance-Policy-Wording_AUSPOLISR-0523-V1.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Our Industrial Special Risks Insurance (ISR) can provide material damage and/or financial loss cover as a result of property damage for insurable asset values over $10 million”
Source: ansvar.com.au/industrial-special-risks/ · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“Ansvar Insurance Limited (Ansvar Insurance), ABN 21 007 216 506, is the issuer of this insurance policy.”
Source: ansvar.com.au/wp-content/uploads/Ansvar-Commercial-Property-Owners-PDS-and-Policy-Wording-0624-V1-1.pdf · Confirmed on the insurer's page on 13 November 2026.
Ansvar Insurance Limited: licence
- AFS licence
- 237826 · ANSVAR INSURANCE LIMITED
- ABN
- 21007216506
- Licensed since
- 22 January 2004
- Principal business
- Southbank VIC 3006
- General insurance
- Licensed to deal in general insurance products
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. What each policy covers and who underwrites it are read from each insurer's own documents by hand and re-checked daily, so a change can take a day to appear, and the policy wording you are issued is what applies to you. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.