Insurance

Body Corporate Cover

Under law, body corporates must insure common property and body corporate assets and buildings in which lots are located.

The body corporate must also take out public risk insurance over the common property and for assets for which it is practical to have public risk insurance. In addition you may need cover forLegal Liability, Voluntary Workers, Fidelity Guarantee, Office Bearers Liability, Machinery Breakdown, Workers Compensation and Building Catastrophe

Austbrokers Phillips have extensive experience with body corporate insurance and can advise you of your obligations and what level of cover you require.