› Flat Chat Strata Forum › Strata Committees › Missing insurance › Current Page
Hi Jimmy & Billen Ben,
I suggest it may be prudent to have a chat to a reputable insurance broker in relation to what insurances an OC is required to have.
I do note under the SSMA it doesn’t require an OC to have workers comp insurance, but insurances required under the Workers Compensation Act. There have been several recent changes to this legislation which in effect means that if the OC is not employing sole traders,they do not need to have WC insurance… It gets a bit more complicated than this… But something to look at.
Yes the OC only needs to consider at the AGM whether to obtain a valuation and whether to take out additional insurances under s88(2). You do not need to make any further decisions on insurances at the AGM