Government Audit Insurance for Strata

A strata company is just like any other business, it is subject to government audits that can result in costs such as occupational health and safety compliance and even legal defence fees if any laws or regulations are breached. Your strata company depends on a robust insurance policy to protect you financially when required.

Having an audit insurance policy in place means your strata company can respond to regulatory issues quickly and confidently, without placing financial strain on committee members or owners. Audit protection insurance is especially important in situations where legal action is taken against the strata company or its committee members, whether it’s due to non-compliance, safety breaches, or administrative oversights. Legal defence and court fees can accumulate quickly, and without adequate insurance, these expenses may need to be paid out of the strata’s own funds or even personally by those involved.