As a Director or Officer of a Residents’ Management Company, Residents Association or Right to Manage Company you have many legal responsibilities and could be personally liable for decisions made or actions taken whilst working in your position as a Director or Officer.
Management Liability Insurance protects past and present Directors’ and Officers’ of your Company. The Directors and Officers Liability Insurance section include cover against the cost of potential compensation claims against any alleged wrongful acts.
Management Liability Insurance protects your Residents’ Management Company, Residents’ Association or Right to Manage Company against the financial consequences of potential claims. The Corporate Liability Insurance section includes the cost of defence, as well as the amount of awards and damages resulting from any claims made against the Company.
Management Liability Insurance includes both Directors and Officers Liability Insurance and Corporate Liability Insurance in one Policy and for one price.