Bodies Corporate

Wallace McLean Limited have specialized in the insurance needs and requirements of Bodies Corporate, New Zealand wide.

Wallace McLean Limited have specialised in the insurance needs and requirements of Bodies Corporate, New Zealand wide, for more than 10 years. There are many things to consider which differ from standard domestic and commercial building insurance structure, due to the principal insurance policy being defined by the Section 135(1) of the Unit Titles Act 2010 ( PDF download).

A Body Corporate has a statutory responsibility to be insured in a specialised way which places particular obligations on the insurer as well as the Body Corporate;

  • The provided policy must reinstate the damage up to the sum insured which is defined in the reinstatement insurance valuation upon which the insurance is based.
  • All principal and accessory units and all common property must be insured by the Body Corporate unless all principal and accessory units in the Unit Plan are standalone units in which case the Body Corporate may by special resolution resolve that the individual owners may insure their principal and accessory units.
  • The Body Corporate remains responsible for insuring the common property

The principal insurance policy as defined by Section 135(1) of the Unit Titles Act 2010 requires a Body Corporate to “Insure and keep insured all buildings and other improvements on the land to their full insurable value.”

Additional Insurance Covers also provided as part of the body Corporate insurance package are;
Statutory Liability which provides for fines and legal defence costs arising out of unintentional breaches of each of the Resource Management Act, the Building Act and the Health and Safety in Employment Act.
Public liability insurance cover which protects the Body Corporate from any claim for loss sustained by a tradesman while working onsite, or injury to an owner or to a visitor as a result of some malfunction of common property, such as an accident in a lift or in the Body Corporate’s swimming pool or gymnasium.
Office Bearers Liability cover for the Chairperson and Committees administering your affairs.

Other Insurance covers that are of importance when tenanting your apartment are your Landlords Fixtures & Fittings, Landlords Contents and Loss of Rent Insurance. These are all available by visiting our Personal Insurance Portal.

Our Specialists

Nigel Wallace

CEO

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Areas of speciality:

  • Corporate
  • Risk Management
  • Self Funding options

Nigel has extensive broking experience with particular expertise in the placement of large and difficult risks. Nigel has worked for multinational risk brokers for 20 years and his own companies for 10 years. In his role as General Manager of Aon Risk Services he provided a strategic review and designed insurance programmes for many of their larger clients.

Contact Details

DDI: +64 9 358 7235
Mobile:  +64 21 226 8515
Email: nigel@wmmi.co.nz

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Rebecca Redford

Claims Manager / Account Broker / Office Manager

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Areas of specialty:

  • Bodies Corporate
  • Commercial

Rebecca began her career with State Insurance, then moving to a large insurance company managing international claims. After two years, Rebecca moved into Broking Services for a large multinational broking firm prior to joining Wallace McLean 12 years ago. Rebecca manages our Bodies Corporate portfolio which includes approx 280 buildings throughout NZ as well managing Commercial and Domestic Accounts. She is also responsible for the day or day management of the Office and Business.

Contact Details

DDI: + 64 9 358 7230

Mobile: + 64 21 733 586
Email: rebecca@wmmi.co.nz

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Johann van der Merwe

Director

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Johann has over 12 years of commercial insurance experience.

Prior to working in insurance Johann worked as a Management Accountant in London.

Transferring of risk, be it through insurance or contract, intrigued him and he soon completed his Associate of Charted Insurance Institute.

Johann has extensive knowledge in the placement and servicing of Property, Marine Cargo, Public Liability, Contract Works and Alternative Risk Management programmes.

Contact Details

DDI: +64 9 358 7231
Mobile:  +64 21 034 7037
Email: johann@wmmi.co.nz

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Lisa Russell

Account Broker

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Areas of Specialty:

  • Bodies Corporates
  • Domestic Insurance

Lisa started her Insurance Career with New Zealand Insurance focusing on domestic insurance and customer service moving through various division within NZI. Joining Wallace McLean in 2018, Lisa works in our Bodies Corporate team and is also involved in the day to day servicing and administration of our clients general Insurance requirements .

Contact Details

DDI: +64 9 358 7236
Email: Lisar@wmmi.co.nz

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