We are geared towards working with Strata Managers of all sizes ranging from those that have individual strata plans to those who manage thousands of various commercial, residential and community associations plans.
As part of our standard services, we will arrange tenancy and building surveys (where required), to ensure the insurer has correctly rated the exposures for a particular strata plan. We can also assist the Body Corporate by arranging property valuations to help fulfill their insurance delegated authority.
In addition, we will arrange your insurance, such as Business Insurance and Public Liability, or review your existing policies to ensure compliance of various regulations.
Our new Strata Managers Professional Indemnity Policy covers a wide range of risks and includes the following benefits:
• Employment Practices Liability extension up to $500,000
• Fidelity extension up to $100,000
• Two reinstatements
• Defamation extension
• Intellectual property rights extension
• Consultants, Contractors & Agents vicarious liability extension
• Costs of Official Inquiries extension
• Fraud & Dishonesty extension
• Loss of Documents extension
• Joint Venture extension
• Multi-Year Run Off included
In addition, we will arrange your insurance, such as Business Insurance, Public Liability or review your existing policies to ensure compliance of various regulations.
Strata Managers often focus on the tangible exposures that they deal with on a day to day basis, however, managing all business risks is critical and often liability exposures are left uninsured. In an increasing litigious environment, it is these exposures that can have an immense financial strain on a business in the event of a claim.
CRM Brokers can now offer a tailored Professional Indemnity policy for Strata Managers, combined with Public Liability and Management Liability, protecting your business from a wide range of common liability exposures that you may face.