Residential, Commercial, Community Association

BCB recognises the importance of ensuring that Strata Managers and Bodies Corporate get advice and the cover that is right for them. Some policies for strata insurance only meet the minimum legislative requirements but don’t necessarily provide owners with the additional protection that really counts.

It is not always understood that members in a Body Corporate have unlimited liability. This means their personal assets can be exposed in the event of a financial shortfall. Selection of cover based on price alone may result in unnecessary personal exposure. Click here for a quote.

Residential and Commercial Insurance Plans

Cover for the building, common area contents and legal liability of the Body Corporate meets legislative requirements but specialist policies also include important complementary covers and optional benefits.

Community Association Insurance Plan

An all in one cover for common property and legal liability. Cover is also available for lot owners homes and commercial buildings and legal liability associated with them. Complementary covers and additional benefits are available.

Covers available
Building

Building and Common Area Contents covered against accidental loss or damage.

Legal Liability

Indemnifies the Body Corporate as property owners for legal liability to pay compensation for personal injury or property damage.

Voluntary Workers

Provides compensation for loss of income to a person who sustains bodily injury while voluntarily working on behalf of the Body Corporate.

Workers Compensation

Indemnifies the Body Corporate as employer for legal liability to employees under Workers Compensation legislation. Insurance is only available where permitted by State law.

Fidelity Guarantee

Provides protection against fraudulent misappropriation of Body Corporate funds or property.

Office Bearers Legal Liability

Protects office bearers and committee members against legal liability to pay compensation for wrongful acts, errors or omissions in carrying out their duties.

Machinery Breakdown

Provides protection against unforeseen damage to Body Corporate machinery.

Catastrophe

Protection against sudden escalation of building costs following a declared catastrophic event.

Government Audit Costs, Common Property Health and Safety Breaches and Legal Defence Expenses

Cover for professional costs and legal expenses.

Lot Owners – Fixtures and Improvements

Accidental loss or damage to improvements installed by lot/unit owners that may not have been included in the building valuation.