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Cover is also provided:
For “past”
directors and officers provided the alleged circumstances leading
to a claim
occurred during the currency if the policy
For
directors and officers appointed during the currency of the policy
For
liability following loss of important documents.
For
liability following alleged Libel or Slander
For actions
by one director or officer in his or her private capacity against
another
director or officer of your Company
For
reimbursement of defence costs following an unsuccessful claim for
fraud,
dishonesty or malicious act.
What could go wrong?
A director
could be held liable because the value of a co-lessee's flat had
fallen due to the knock-on effects of a failure to identify and
rectify external
dilapidation.
A lessee
might hold a director responsible for the poor workmanship of
contractors paid for out of the service charge budget.
A third
party might sue as the result of a defamatory remark inadvertently
made by someone in the capacity of director.
It could
prove difficult or even impossible to recruit suitably skilled and
experienced people as directors of a residents' management company
because they are unwilling to accept the potential personal
liability.
Our Insurance premiums are lower than you may expect!
Click Here to view sample premiums
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