Insurables — Australian business risk, sourced and dated

Strata managers: public liability requirements in Northern Territory

Cover for legal liability to third parties for personal injury or property damage arising from business activities.

Data as at

Verified for Northern Territory

  • Licence liability condition: Yes, through the real estate agent licence. Section 108B(1) of the Agents Licensing Act 1979 bars an agent from carrying on business unless insured under an approved indemnity insurance policy, and section 22(1)(d) makes that a condition of the grant. Annual contributions to the Agents Licensing Fidelity Guarantee Fund apply as well. Do not confuse this with the insurance obligations in the Unit Title Schemes Act 2009 — those are the body corporate's own cover of the common property, not a condition on the manager's licence. NT · effective 2026-08-25 Northern Territory Government · 2026-08-25
  • Licence evidence required: The Board must be satisfied of the cover at grant. There is no express re-evidencing at renewal, but operating uninsured is a continuing offence and a disciplinary ground for the licence. NT · effective 2026-08-25 Northern Territory Government · 2026-08-25
  • Licensing body: Body corporate managers are licensed in the Territory, but not under that name — the word strata does not appear in the licensing Act at all. Section 5(2)(a) of the Agents Licensing Act 1979 defines a real estate agent to include a corporation manager under the Unit Titles Act 1975 and a body corporate manager under the Unit Title Schemes Act 2009. A body corporate manager therefore needs a real estate agent's licence from the Agents Licensing Board. NT · effective 2026-08-25 Northern Territory 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