Directors and Officers Insurance for
Flats / Residents Association Insurance
The 1st Sure Directors and Officers insurance for flats is specifically for management companies, residents associations or RTM companies to protect against wrongful acts, errors or omissions in the running of the management of the block of flats for which they are personally liable.
Directors and officers insurance / residents association insurance includes loss and defense costs for the insured person in defending an action brought against them with limits of indemnity ranging from £100,000 to £1,000,000.
Cover can be extended to include cover for the "entity" (management company, residents association or RTM company) providing the company reimbursements for any loss and defense costs as a result of a claim for a director's or officer's wrongful acts, errors or omissions.
Directors should be aware that they can be personally liable for their acts, errors or omissions and that the law does not distinguish between the director of a management company, residents association or RTM company and that of a major corporation. Surprisingly few directors protect themselves with a Directors and Officers policy, something that is best described as a "Should Have Cover".
If you have any questions regarding this policy do not hesitate to call, or get a quote online now for directors and officers insurance / residents association insurance for flats.