JMB Property Management Liability Insurance shared by Malaysia JMB Insurance Organization

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JMB Property Management Liability Insurance – Joint Management Body (JMB)

The Joint Management Body must insured the following strata title insurance:

1. Fire & All perils Insurance (Min perils Subsidence & Landslip, RSMD & BOW)

Building – For all the units that is individually own including all the common property.
In this case when the purchaser have a Loan with the Bank, the purchaser need not buy an additional insurance and can use the individual “Certificate of Insurance” issued from the Master policy.

It should include the following clauses:-
Reinstatement Value (valuation report by an accredited quantity surveyor at least once in 5 years)
Removal of Debris
Architect & surveyor Fee
Rent Clause

2. Public Liability Insurance
Legal liability to pay compensation for accidental bodily injury or accidental damage to the property to the Vistors for using the common property of the Building.

Under Section 4 Establishment of a Joint Management Body
(2) The Body established by subsection (1) shall be a body corporate having perpetual succession and a common seal.
(3) The Body may sue and be sued in its name.
(4) The Body shall comprise the developer and the purchasers.


As the JMB is a body corporate the volunteered committee members can now be sued by the purchasers for Breach of Duty. An E&O or a PL policy to protected the personal liability of the individual committee.

3. Error & Omission or Professional Liability Insurance

The Insurer will pay on behalf of any Insured all Damages resulting from any Claim for any Breach of Duty of the Insured.

N/B The policy should be placed immediately after the formation of the JMB.

Strata Title Risks Solution:

Products Offered:
Fire Insurance
Fire Consequential Loss
All Risk Insurance
Crime Insurance ( Burglary & Money)
Plate Glass Insurance
Machinery Breakdown Insurance
Public Liability Insurance
Property Terrorism
Error & Ommission or Professional Indemnity for Joint Management Body (JMB) or Management Corporation (MC)


JMBIM understands the importance of protecting your property. Whether you are a condominium, cooperative or homeowner association, our team knows the challenges in securing and maintaining a comprehensive, cost-effective insurance program.

We develop customized risk management solutions for portfolios of all sizes and complexities. Our experts work extensively with:
Property managers
Facility managers/ Building Management Company

We provide a full range of integrated property and casualty insurance and risk management services including reviewing insurance provisions in association documents and interpreting new legislation, as well as ensuring that your program meets all new regulations. We also offer personal insurance and life and disability coverage for residents.

Malaysia JMB Insurance Organisation (JMBIM)
Your Trusted Malaysia Strata Title Risk Management Insurance Solution Organisation
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumour, Malaysia.
(O) +603-9286 3323
(F) +603-9282 3232


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