What insurance covers apply to the Greenacre fire losses?

Most Australian industrial policies combine property and business interruption in an Industrial Special Risks form. Property covers buildings, plant, and stock. Business interruption covers lost profit and ongoing costs during downtime. Sublimits for debris removal, ingress or egress, utilities failure, and increased cost of working often shape the final payout.

How could business interruption play out for affected firms?

It depends on downtime length, machinery lead times, and customer retention. If the site can relocate quickly, increased cost of working can reduce lost sales. If rebuilds stretch, short indemnity periods may cap recovery. Access issues and service outages can also trigger extensions, subject to strict wording tests.

Will the Greenacre fire affect insurance pricing in Sydney?

Yes, for higher-hazard sites that store timber, foam, and solvents. Underwriters may seek better sprinklers, onsite water storage, and proof of hydrant flow tests. We also expect higher deductibles and tighter warranties in dense suburbs. The exact price impact will depend on investigation findings and portfolio loss experience.

What should factory owners document after a Sydney factory blaze?

Secure the site, photograph damage, and list destroyed and salvageable assets. Preserve maintenance logs, sprinkler test records, supplier contracts, and sales data. Notify insurers and brokers promptly. Track extra costs to keep customers supplied. Clear records support faster assessments and help optimise both property and business interruption claims.

Law and Government

Sydney Greenacre Fire, December 30: Industrial Claims in Focus

ByHuzaifa Zahoor December 30, 2025December 30, 2025

The Greenacre fire on 30 December destroyed a furniture factory in Sydney and pushed fresh focus on industrial insurance claims and business interruption risk. Water-supply issues slowed crews, and the cause is under investigation. For investors, the Greenacre fire is a live case study in underwriting for high‑hazard sites in dense suburbs. We explain how claims may develop, what policy terms matter, and how pricing for urban industrial risks could shift across Australia.