Fidelity cover: Who should arrange it?
When it comes to protecting a community scheme’s money, there’s often one simple but important question: Who should arrange the fidelity cover – the body corporate or the managing agent?…
fidelity cover
Renewal of fidelity policies
A community scheme may well have a separate fidelity or commercial crime policy from the main policy. I refer to the scheme’s main policy as usually, this policy will include…
Community scheme insurance in 2017
Community scheme insurance has entered a new, exciting era of change. Recently, the new community scheme legislation resulted in more emphasis on insurance at general meetings as well as much…
Check your sectional title policy
[Updated: 12 August 2025] Sectional title insurance policies are short-term contracts, renewed annually. When reviewing your cover, three core areas should always be addressed, i.e. buildings, liability, and fidelity. In…
Why some bodies corporate neglect fidelity cover
(Updated 24 January 2025) Ten years ago, circa 2014, there was a noticeably different attitude toward fidelity cover, and various factors contributed to its neglect. At the time, it was…
The 1-2-3 Approach
(Updated 23 January 2025) Since the early 2000’s, Addsure has been coaching interested owners, trustees and managing agents in the basic requirements and steps to follow in respect of sectional…