A body corporate comes with its specific challenges, including the property itself, but also ensuring the committee is protected. Our insurance solution would typically include cover for;
- The building and other fixed/permanent structures on the site. As well as common property.
- Including a small sub-limit for cover to capital additions.
- Including a small sub-limit for cover to property being worked on in case there are small renovations throughout the year.
- The loss of rent over a selected period following an insured loss on tenanted units. This may also include OPEX costs.
- Temporary accommodation for owner occupiers.
- Additional increased costs to ensure minimal disruption.
- Costs to pay for the preparation of your claim if professionals such as accountants or lawyers need to get involved.
- Property managers claim costs to prepare any values.
- Your public liability to ensure your legal liability is protected against personal injury or property damage claims.
- Statutory liability to ensure you are protected against the accidental breach of government Acts.
- Employers liability.
- Office bearers liability to ensure there is cover for the committee.
All industries have a variety of risks and they may not be mentioned above. We aim to cover as much as we can, working within your risk appetite. More information, cover nuances or specifics provided upon quoting.
