Professional Indemnity
Covers legal defense and compensation claims if an owners corporation alleges failure to comply with legislation, accounting errors or improper contract administration.
Specialist Insurance · Property & Real Estate
Strata Management Insurance
Insurance for Strata Managers & Strata Management Businesses
Strata managers work with owners corporations, contractors, tenants and property owners and can face professional and liability risks. Ideal Insurance Brokers can help strata management businesses review their insurance and compare suitable options.
Access across leading Australian insurers and underwriting agencies, including:
Body Corporate & Owners Corporation Administration
Guiding owners corporations, backed by robust professional insurance.
Strata managers coordinate by-laws, financial levy administration, major capital works contracts, insurance placements, and dispute resolution for multiple owners corporations. When structural defects, compliance disputes or financial mismanagement allegations arise, strata managers need specialist legal protection. We build policies that protect your business.
100+
Underwriters
98%
Claims Success Rate
15-25%
Premium Savings
4.9
Google Review Rating
Common Covers
Essential covers for strata management firms.
Public Liability
Protects against third-party personal injury or property damage claims at your strata management office or during AGM meetings.
Cyber Insurance
Protects strata trust funds, owner contact databases, levy payment portals and minutes from hacking and wire fraud.
Management Liability
Protects strata management company directors against statutory inquiries, SCA code breaches and employment disputes.
Business Insurance
Covers office premises, computer workstations, servers, meeting rooms and business interruption expenses.
Contents
Protects physical office assets, meeting equipment, laptops and historical strata books and records.
Common Risks
Key exposures facing strata management businesses.
Professional Advice & Governance
Disputes over interpretation of strata by-laws, AGM voting procedures or building defects advice.
Client & Owner Disputes
Owners corporations bringing claims over levy budgeting errors, delayed maintenance or insurance placement.
Contractor-Related Issues
Claims arising from hiring unverified contractors or disputes over capital works tenders.
Cyber Incidents & Trust Divergence
Compromised email accounts diverting capital works fund payments or levy collection accounts.
Data Breaches
Unauthorised disclosure of confidential owner records, financial accounts or sensitive committee minutes.
Employee-Related Claims
Workplace stress, unfair dismissal or workload disputes among strata managers.
Frequently Asked Questions
Yes. Under Strata Community Association (SCA) guidelines and state legislation, strata managers must hold compliant Professional Indemnity insurance to maintain their licence.
No. Strata Property Insurance is arranged for the owners corporation to cover the physical building and common property. Strata Management Insurance covers the commercial business that provides professional strata and body corporate administration services.
Talk to Ideal Insurance Brokers
Tell us about your strata management business and we’ll help compare suitable insurance options.