Office Bearers Liability

Office Bearers Liability Insurance

Office Bearers Liability Insurance is a packaged product designed for those in responsible positions within strata corporations. It includes cover for directors and officers liability, employment practices liability, statutory liability investigations by an official body and crime.

It is very similar to a management liability policy, whereas a management liability policy is specifically designed for organisations structured as a private company or co-operative, Office Bearers Liability is specifically designed for strata complexes.

Office Bearers Liability that is purchased through strata policies often uses out dated language and coverage options that the management liability market moved on from years ago, so if a client is purchasing office bearers liability through their strata insurance policy and not buying a separate stand alone office bearers liability policy that has kept pace with the developments in the management liability market, chances are they're not buying the best level of cover that is available in the market today.