When you volunteer to become a director of your Residents’ Management Company it comes with a range of responsibilities. With responsibilities comes the potential of being sued for any actual or alleged wrongful act whilst performing your director duties. Your personal assets could potentially be at risk.
Directors & Officers Liability Insurance protects Directors and Officers against claims arising as a result of:
- Negligent acts, errors or omissions
- Misstatement or misleading statements
- Breach of duty
- Breach of authority
Your Residents’ Management Company is as exposed to Directors & Officers claims as any other business and defending yourself in the event of an actual or alleged act – can be very costly.
You can protect yourself and your other directors from only £90 + Insurance Premium Tax click to get a quote