Although they work voluntarily, Directors and Officers of Residents’ Management Companies for blocks of flats are seen a legally liable for any decisions taken on behalf of their company.
Further still, Directors and Officers are considered to be liable as individuals; meaning their personal assets could be at risk should any legal action be taken against them.
This is why we recommend taking out Directors and Officers Liability Insurance to protect yourself and any other Directors or Officers against the cost of potential compensation claims against any alleged wrongful acts.
Managing a block of flats can often be complicated. As Directors or Officers you may need to manage accounts, health & safety, insurance, new residents, fire safety, security plus loads more. We are living surrounded by legislation, how can you be a specialist for all of these subjects.
The Cover
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
Pricing
You can protect yourself and your fellow directors starting from £95.00.
Why choose Flat Living’s Management Liability Policy with Aviva Insurance?
We specialise in insurance for blocks of flat or apartments and the directors and officers that manage them.
As well as covering legal costs and emergency defence costs, our Directors and Officers Liability cover also extends towards the entity company itself (i.e., the Residents’ Management Company or the Right to Manage Company) or anybody named in the proceedings- ensuring incredibly comprehensive cover for those managing blocks of flats.
We want our clients to feel as secure as possible, which is why we provide access to a 24-hour claims line and emergency service helpline, so you’ll never be without the support that you need.
How can I get a quote?
Obtaining a quotation couldn’t be easier – simply complete our form. Our policies are all underwritten by AVIVA Insurance and arranged through Residentsline Limited.
Alternatively, you can call us on 0333 577 2044 or email us at [email protected].
Our comprehensive policy with AVIVA Insurance also provides Corporate Legal Liability, ensuring that your directors AND your Company have the protection you need.
Our AVIVA Legal Liability Insurance policy automatically includes an indemnity limit of £100,000. However, if you would like quotes on alternative limits of indemnity, please call us on 0333 577 2044.
