› Flat Chat Strata Forum › Strata Committees › Office bearers insurance › Current Page
20/08/2016 at 10:59 am
#25305
That seems odd advice. Once a budget is set by the AGM, the EC makes financial decisions consistent with the budget. Let’s say there is a general maintenance line. The EC might decide to use some of that on something that needs fixing during the year, or it might decide it is not that serious and doesn’t fix it. If it turns out that was a poor decision and something bad happens as a result, they would want to have some insurance, I would have thought.
My impression was that typical strata insurance packages include office bearer’s insurance as part of the deal.