Strata Insurance Considerations When Engaging Contractors On-Site

In this article, we will discuss the essential insurance considerations when hiring contractors for strata properties. Whether it's a gardener, maintenance person, painter, or any other contractor working on your property, understanding the insurance aspects is crucial to protect the Body Corporate, property owners and contractors in case of accidents or injuries.

Contractor's Insurance Considerations

 

Before any contractor commences work on-site, it is essential to ensure they have adequate insurance coverage. We recommend you insist on seeing a Certificate of Currency for their Public Liability Insurance as evidence of coverage. Having this insurance in place is vital because, in the unfortunate event of an injury on your property resulting from the contractor's work, both you and the contractor can be drawn into a personal injury claim. Without insurance, the claimant's lawyers may aggressively pursue those with insurance policies, potentially leaving the Body Corporate with more significant liabilities than if the contractor had appropriate coverage.

 

Insurance Considerations for the Body Corporate

 

The good news is that strata insurance policies include Public Liability Insurance, which covers injuries to contractors while they are on-site. If a contractor sustains an injury during work and decides to sue the body corporate or owners corporation, the public liability insurance policy is designed to respond in such situations. This coverage offers the Body Corporate protection and peace of mind, ensuring they are prepared for any unexpected claims arising from contractor-related incidents.

 

Expert Advice from Strata Insurance Solutions

 

Strata Insurance Solutions advises all property owners to be vigilant about contractors' insurance coverage. Body Corporates and Owners Corporations can mitigate potential legal and financial risks by insisting on Public Liability Insurance and verifying its existence before commencing any work.

 

Conclusion

 

Understanding insurance considerations when engaging contractors on-site is paramount for property owners and contractors. By ensuring that contractors have proper Public Liability Insurance and that the Body Corporate is covered under strata insurance policies, all parties involved can safeguard against potential liabilities in the event of accidents or injuries.

 

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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 Advisernet Australia AFSL No 240549, ABN 15 003 886 687.