Individuals sitting on the board of their residents and tenants association or management company are leaving themselves personally exposed in an environment where the legal landscape is ever-changing, more litigious and complex. Our policy provides comprehensive cover for personal as well as organisational exposure to risks arising out of associations’ operations.
Comprehensive individual cover
Our R&T policy helps to protect individuals within the management team from personal liability arising from its operations. The management and association is thus covered for wrongful acts in the performance of their duties or the running of the residents and tenants association.
Association cover & organisational indemnity
Our association cover is not tied to wrongful acts of individuals involved in its work. Additionally, the policy indemnifies the organisation itself and therefore the sinking fund built up by residents and tenants over the years for the benefit of their property.
Loss of documents
Sensitive and confidential documents can present a serious exposure to an association or individuals working within it. Our policy includes loss of documents cover as standard.
Claims can quickly spiral out of control and incur a significant cost to the association or individual. Our policy helps to protect the association from civil, criminal and regulatory claims.
We provide cover for existing litigation or for imminent litigation, meaning you are covered for financial losses which have or are likely to exceed the limits of other policies in place, up to a defined limit.
Court attendance costs
Court attendance costs can rack up quite a bill, so we cover costs incurred by attending court in relation to a claims or loss case as covered by this policy.
Reputation and brand protection cover
We will look to pay costs and expenses of up to a specified sub-limit for the services of a public relations consultancy to mitigate damage to reputation and brand following a defamation case or lawsuit.