This article is about office bearers liability insurance in NSW strata schemes.
Question: Are there legal cases where office bearers liability insurance has been invoked?
Answer: Claims against office bearers are not frequent.
Office bearers benefit from protections under applicable state strata legislation, which often covers their actions performed in their official capacities. As a result, claims against office bearers are not frequent.
At Strata Insurance Solutions, the most common type of claim we’ve encountered involves allegations of defamation.
It’s important to note that many insurers specifically exclude defamation from coverage under their office bearers liability insurance.
This exclusion highlights the importance of carefully reviewing your policy to understand what is and isn’t covered.
Tyrone Shandiman Strata Insurance Solutions E: tshandiman@iaa.net.au P: 1300 554 165
This information is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Shandit Pty Ltd T/as Strata Insurance Solutions strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances. Shandit Pty Ltd T/As Strata Insurance Solutions is a Corporate Authorised Representative (No. 404246) of Insurance Advisenent Australia AFSL No 240549, ABN 15 003 886 687.
This post appears in Strata News #715.
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Read next:
- NAT: Q&A Public Liability Insurance in Australia
- QLD: Q&A Understanding Office Bearers Liability Insurance
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