Insurables — Australian business risk, sourced and dated

Strata managers: professional indemnity requirements in Tasmania

Cover for legal liability arising from professional advice or services, written on a claims-made basis.

Data as at

Verified for Tasmania

  • Licence liability condition: Not applicable to a category that does not exist. For context, the four property agent classes that do exist carry a professional indemnity requirement, and the sanction is severe: the licence of a property agent is to be taken to have been suspended during any period when the property agent does not have the insurance cover required by that Division. So a Tasmanian strata manager who also holds a property agent licence is exposed to automatic suspension through that licence, even though the strata work itself is unlicensed. TAS · effective 2026-08-24 Tasmania Government · 2026-08-25
  • Licence evidence required: Not applicable. No strata manager licence exists in Tasmania. A strata manager who is also a licensed property agent is subject to that licence's cover requirement and its automatic suspension on lapse. TAS · effective 2026-08-24 Tasmania Government · 2026-08-25
  • Licensing body: Strata management is not a licensed category in Tasmania. The Property Agents and Land Transactions Act 2016 creates exactly four licence types: a real estate agent licence, a property manager licence, a general auctioneer licence and a property representative licence. The word strata appears nowhere in the Act, and body corporate appears only in its generic corporate law sense. Property management business is defined narrowly as negotiating the leasing or letting of property, collecting rents for property that is leased or let, and managing property that is leased or let — a landlord and tenant concept, not administration of common property. TAS · effective 2026-08-24 Tasmania Government · 2026-08-25

What contracts commonly ask for

Principals and head contractors set their own insurance requirements, and those are frequently higher than a licence condition. The requirement that binds is the higher of the two, and both have to be read from the actual document.

What this cover costs

This site publishes no cost benchmark for this cover. A benchmark needs a real sample of documents, and none is published until the sample is large enough to compute a median honestly. A benchmark from a handful of policies is a guess with a decimal point.

Sources