NSW Office Bearers Liability

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Anon245519

Well-Known Member
15 August 2021
21
1
124
Hi can anyine explain how office bearers liability insurance works in strata. ? Can a lot owner make a claim on this insurance against the Chairperson for it is either a dishonest or stupid act that has cost a lot owner thousands.
 

Tim W

Lawyer
LawConnect (LawTap) Verified
28 April 2014
5,131
833
2,894
Sydney
You don't claim on their insurance.
You sue the individual person(s), and the corporation, jointly and severally.
Then , you wait a while while dog eats dog among the defendants,
and then accept the first sensible offer that they make you.
This offer will likely come through (or from) their insurer.