Zurich building insurance: what each policy covers, and who underwrites it
2 building policies from Zurich. 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 Zurich Australian Insurance Limited.
- Website
- zurich.com.au/business
- What it is
- Insurer
- Listed on
- Business premises and property owners
- Underwriter
- Zurich Australian Insurance Limited
- APRA
- Authorised by APRA to write new general insurance (listed as Zurich Australian Insurance Limited)
Building policies
Zurich Business Insurance (Business Pack)
- Type
- Business property · Commercial
- Sold
- Through a broker
- Left empty
- No cover after 90 days (a few events excepted). Still covered: lightning, earthquake, subterranean fire, impact by vehicles, aircraft, trees or falling structures. Unless Zurich specifically agreed (extra premium may apply); does not apply if the building is partly occupied. Vacant counts even if furniture remains.
- Who it is for
- Australian small-to-medium enterprises (retailers, tradespeople, professional services, hospitality, light manufacturers) wanting one consolidated policy; Property section covers buildings, stock, machinery and contents.
- Documents
- Zurich Business Insurance Policy Wording (ZU09881 V7 10/24) (1 October 2024)
- Cover sections are chosen on the policy schedule; the website lists Property as covering physical damage to buildings, stock, machinery and contents.
- Flood status for the Business Pack property section was not stated clearly; the wording only excludes flood damage in the first 72 hours of a policy.
- No Target Market Determination for the Business Pack appears on Zurich's TMD page (it lists accident, marine, motor and travel TMDs).
The policy
“Zurich Business Pack Insurance is a flexible business pack for Australian small-to-medium enterprises (SMEs) that combines property, liability, and business interruption cover in a single policy.”
Source: zurich.com.au/business/products/business-insurance · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Zurich Business Insurance is available through licensed independent brokers.”
Source: zurich.com.au/business/products/business-insurance · Confirmed on the insurer's page on 13 November 2026.
Left empty
“your policy does not provide any cover for the building or premises after the building or that premises has been unoccupied for more than 90 consecutive days.”
Source: zurich.com.au/-/media-assets/project/zurich-headless/shared/content/dam/au-documents/business-insurance/business-insurance/business-insurance-policy.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Australian business owners, operators, and their subsidiary companies typically small-to-medium enterprises seeking one consolidated policy instead of multiple standalone covers.”
Source: zurich.com.au/business/products/business-insurance · Confirmed on the insurer's page on 13 November 2026.
Zurich Property Insurance
- Type
- Commercial landlord · Commercial
- Sold
- Through a broker
- Left empty
- Not stated.
- Who it is for
- Property owners, landlords, and businesses holding significant physical assets on-site.
- No PDS or policy wording for this product is published on Zurich's site; it is placed through brokers on negotiated terms. May also be used for large industrial property.
The policy
“You can operate your business with confidence knowing that Zurich can help to protect your buildings and physical assets against the unexpected, including loss or damage due to fire, theft, flood and loss of rental income while repairs are made.”
Source: zurich.com.au/business/products/property-insurance · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Zurich Insurance is available through independent insurance brokers who can assist you to obtain the right cover for your needs.”
Source: zurich.com.au/business/products/property-insurance · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Suitable for property owners, landlords, and businesses holding significant physical assets on-site.”
Source: zurich.com.au/business · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“The insurer of this product is Zurich Australian Insurance Limited (ZAIL), ABN 13 000 296 640, AFS Licence Number 232507.”
Source: zurich.com.au/-/media-assets/project/zurich-headless/shared/content/dam/au-documents/business-insurance/business-insurance/business-insurance-policy.pdf · Confirmed on the insurer's page on 13 November 2026.
Zurich Australian Insurance Limited: licence
- AFS licence
- 232507 · ZURICH AUSTRALIAN INSURANCE LIMITED
- ABN
- 13000296640
- Licensed since
- 31 January 2004
- Principal business
- North Sydney NSW 2060
- 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.