Protection for shared property and common areas.
Strata insurance protects more than the building.
Strata properties bring together multiple owners, shared spaces and common assets, creating insurance responsibilities that are different from standard home or commercial property cover.
Each Australian state and territory has its own legislative requirements around minimum compulsory cover, while individual policies may also contain important exclusions that need to be understood.
Omnisure can help review the property, ownership structure and policy requirements, then work with insurers to arrange cover that reflects both the physical asset and the legal responsibilities attached to it.
Cover for the shared risks within a strata property.
01.
Buildings and Common Property
Cover for insured buildings, common areas and shared assets such as lifts, pools, car parks, gardens, balconies, walls, windows and ceilings.
02.
Public liability
Protection where somebody is injured or their property is damaged in connection with common property.
03.
Workers’ Compensation
Cover may be required in certain jurisdictions, including NSW, WA, TAS and NT, depending on the circumstances of the strata scheme.
04.
Office Bearers’ Liability
Protection for committee members and office bearers against certain claims arising from decisions or responsibilities carried out on behalf of the strata.
05.
Personal Accident
Cover for certain accidental injuries connected with approved strata-related activities.
06.
Fidelity Guarantee
Protection against certain financial losses arising from fraud or dishonest acts involving strata funds.
Built around shared ownership.
Designed for strata property owners.
Commercial / Domestic Strata Insurance can suit owners of apartments, townhouses, villas and duplexes, as well as commercial strata properties such as factories, warehouses, storage units, retail shops and offices.
Cover that reflects the legal structure.
We look at the property, common areas, ownership arrangement and legislative requirements, then help arrange cover around the responsibilities carried by the body corporate or owners corporation.
Talk to our commercial and domestic strata specialists.
Schalk Van Der Merwe
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Protect the property everyone shares.
