Are there unknown contents being stored in garages on your strata? While a resident could be storing a friend’s business stock as a favour, if the contents are unknown they could pose a hazard and potentially lead to an uninsurable claim. An interesting query regarding unknown business stock being kept in the garage of a…
Running a small business out of a residential strata unit may cause major issues in relation to insurance. Not only can it increase the risk of a public liability claim, but it can also change the property classification from residential strata to commercial strata. A change in property classification almost always results in an increased…
If you are a Whitbread Authorised Representative (AR) you’d know that we are continually carrying out audits to ensure you understand and meet your obligations while operating under the Whitbread Australian Financial Services License (AFSL). We are happy to share that after our recent audits, most of our ARs are doing a fantastic job! If…
It is a simple fact that most homeowners will not have enough savings to rebuild a badly damaged or destroyed home, or, to pay off the mortgage still owing even though the home may no longer exist. That’s why we have insurance, right? Even though most homeowners do have Home Insurance, a worrying proportion of…
What is Strata Insurance and what does it cover you for? We answer the most common questions we get asked about Strata Insurance every day. 1. What is Strata Insurance? Strata Insurance is designed to protect you and your property as a lot owner. It provides general insurance cover for common property under the management…
Volunteering for odd jobs around your Strata property? Think you’re covered for Personal Accident under the Strata Insurance if you’re injured? Think again! While all Strata Insurance policies generally include a Personal Accident section to protect Volunteer Workers in the event they sustain an injury, most are not aware of how limited the cover actually…
The rapid rise of apartment-style strata living across Australian cities has coincided with a significant increase in the number of people using storage cages to store their belongings. This trend has come about due to the limited space in many modern apartments. Unfortunately, an increase in the use of storage cages has also seen a…
Detailed planning and preparation is essential to protect the liability exposure and brand reputation of your Strata Management business in a crisis. Part 3 of our Crisis Management series builds upon Part 2, outlining in detail the crucial elements you need to consider to ensure you have the capability to implement a robust Crisis Management…
A crisis may occur at any time and can impact your business in a number of ways. Despite many years of good work in building a strong and favourable image in the community, your Strata firm’s reputation can be tarnished quickly if a crisis is not managed effectively. In Part 2 of our Crisis Management…
Headlines were made across Australia in November, 2014 when the severe ferocity of a Docklands apartment fire was attributed to the use of illegal cladding material in its construction. Even more alarming now, is that the cladding has been used in hundreds of high rise buildings throughout Australia. The presence of non-compliant cladding in a…
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