Incorporated Owners' Insurance
Since 2011, every IO (法團) must carry third-party risk insurance with at least HK$10M per event for the building's common areas. We make compliance simple — and protect the committee too.
- Min HK$10M statutory cover
- 800+ IOs already with LSC
- 80+ property management partners
- 30+ insurers compared
Six policies that cover every IO risk
Fire / All Risks
Cover for the building's common property against fire, typhoon, flood, vandalism and other insured perils.
Public Liability
Indemnity for third-party bodily injury, death or property damage caused by management negligence — incl. legal costs.
Statutory Third-Party Liability
Mandatory under BMO s.28. Minimum HK$10M per event for injury/death in common areas — failure to insure is an offence.
Employees' Compensation
Required for staff directly hired by the IO or building manager — covers work injury, disease and death.
Committee PA
Personal accident cover for IO Committee members — accidental death, permanent disability, medical and hospital cash.
Management Liability (D&O)
Protects current and past IO Committee members against claims of breach, negligence, error, omission or misleading statements.
Without statutory third-party cover, each IO Committee member commits an offence and may be fined up to HK$50,000.
Is your building underinsured?
Existing buildings have long suffered from outdated and inadequate sums insured. Many IOs do not know what amount is sufficient. The Tai Po Wang Fuk Court fire and recent extreme weather only highlight why reviewing your Property All Risks / Fire sum insured is critical.
Lift system water damage
If your sum insured is below the building's reinstatement cost, claims are reduced proportionally — then the deductible is taken off.
Loss of HK$500,000 → IO absorbs HK$425,000 out of pocket.
If an incident happens
Late notification may give insurers grounds to refuse your claim. Act fast.
Notify your insurer ASAP — even before a claim is made.
Record injured persons (name, age, contact) and notify police if criminal.
Photograph the scene and any damaged property; keep witness details.
Submit the PM company's incident report if applicable.
Never admit liability or settle without insurer's written consent.
Forward all letters, summons or solicitor correspondence to your insurer.
How to set up IO insurance
Share your existing policy
Send us your existing policy schedule, renewal notice, questionnaire and claims record.
We compare 3+ insurers
We benchmark 3+ insurers and recommend the right cover with a lower deductible.
Review & submit
Review the quotation with us, then submit the required documents to bind.
Bind & pay
We finalise terms, issue cover notes, and provide a copy to your IO Committee and PM company.
Information we need to quote IO insurance
Send us the following so we can benchmark insurers and return a tailored quotation quickly.
- Current policy schedule / renewal notice
- Building risk assessment questionnaire
- Photos of building common areas
- Building maintenance / repair records
- Last 3 years' claims record — if any, please include Incident Report, insurance settlement documents and any related papers
IO insurance — answered
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Get your IO quote in 24 hours
Send us your existing policy schedule and we'll prepare a compliant, competitive quote across 3+ insurers.