PI for strata managers is arranged by a broker, who will match it to your licence and the size of the schemes you manage.
Source: https://piinsurance.com.au/strata-managers/, fetched from the preview https://pi-react-4ee768.pages.dev/strata-managers/ on 10 Nov 2026; site dated 3 Nov 2026. Preview wording, not yet broker-reviewed. General information, not advice.
Site label: Rules differ by state.
Why you need it: state rules
Strata managers are licensed in some states and the rules for insurance differ. Check with your state regulator.
Typical limits
$2m to $10m, depending on the number of lots.
Insurers look closely at this work, so a broker arranges it with you directly. That usually means a better fit, not a harder time.
What can go wrong
Illustrative scenarios, not real claims.
A building insurance renewal missed
A building's insurance lapses and a storm causes damage.
Levies not collected
Levies go uncollected and a repair cannot be funded.
Common exclusions to watch
- Trust account dishonesty
- Building defects
- Fines
Wording differs between policies. Read the policy wording, or ask us to point out what it says.
Common questions
Do strata managers need professional indemnity insurance?
Strata managers are licensed in some states and the rules for insurance differ. Check with your state regulator.
How much PI cover do strata managers need?
$2m to $10m, depending on the number of lots.