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Orion Insurance covers and benefits 

Living in a property complex with a body corporate comes with shared risks and shared costs. It’s vital to have the right insurance cover so you’re financially covered if things go wrong.

The Orion Insurance package provides cover for buildings and common or shared property and for the liability of owners, body corporate managers and committees. 

The features and benefits outlined below are subject to specific policy limits, terms and conditions. See the Orion policy wordings for full details, or contact Orion for more information.

Building, facilities and all improvements

  • Covered for full replacement value with a maximum of $150 million.
  • Body corporate-owned plant and equipment - automatic cover up to $10 million for replacement sum insured.

Landlords’ fixtures, fittings and permanent appliances

  • Automatically covered up to $10,000 replacement sum insured
  • Permanent appliances are those fixed to the wall such as a dishwasher or heat pump.
  • This applies to non-body corporate owned property. For commercial units, tenants should insure improvements under their own business insurance policy.

Loss of rents and alternative accommodation

  • For a rental owner’s loss of rents, cover can provide up to $2.5 million per annum per owner for up to 24 months.
  • Alternative accommodation for residential owner or occupier - up to $30,000 per month per unit for up to 24 months.

Liability insurances for potential lawsuits

  • Public liability insurance for third party damage or injuries not covered by ACC that may occur on your premises - $10 million standard cover.
  • Body corporate committee indemnity insurance to cover the costs of defending an action against a body corporate committee or individuals by third parties - $1 million standard cover.
  • Statutory liability to cover against certain unintentional breaches of New Zealand law, resulting in prosecution - $1 million standard cover.
  • Employers liability (if the body corporate employs staff) against accidents not covered by ACC - $1 million standard cover.

Orion insurance solutions are fully underwritten by Chubb Insurance New Zealand Limited, which has an “AA-” insurer financial strength rating given by S&P Global Ratings.  Global parent Chubb Limited is the world’s largest publicly traded property and casualty insurance company. 

Contact us

For find out more about specialist body corporate insurance, or for enquiries about your policy get in touch.


Contact Orion