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Residents Associations Insurance

General Information

Whether you have formed a Residents Association, Management Company or Resident Company Limited by guarantee you need to consider the protection of those volunteers who have put themselves forward as Directors, Residents Committee Members, Trustees, Officers or Chairpersons.

As a very well intentioned volunteer you may be exposing your self to duties and responsibilities that could hold you personal liable should things go wrong.

Directors and Officers Insurance, Residents Association Insurance, Club Insurance and Management Companies Insurance cover will offer a very good protection for those committee members, directors and officers or trustees who look after the affairs and maintenance requirements of the building/s owned by the residents.

The Types of Exposures

  1. Health & Safety – fire safety, electrical and mechanical equipment checks
  2. Insolvency Act (wrongful trading)
  3. Companies Act 2006, being the latest which mainly comes into force in October 2008
  4. Disability Discrimination Act
  5. Employment Equality (Age) Regulations 2006 (Ageism)
  6. Dishonesty to fellow directors
  7. Failure to supervise
  8. Racial and sexual discrimination
  9. EU directives and regulations

The Cover for Residents Associations

  • Wrongful Act – where any actual or alleged wrongful act or omission by a committee member, directors or officers individually or collectively.
  • Libel & Slander
  • Errors & Omissions
  • Safety & Emergency Regulation
  • Discrimination
  • Dishonesty of fellow directors

The policy will cover for defence of these types of allegations and if a director or resident association committee member/s was found to be neglectful of their duties, damages would be awarded. (The policy will not respond to fines, penalties and punitive or exemplary charges).

Other Resident Association Insurances We Offer

  1. Public Liability
  2. Employers Liability
  3. Building Insurance
  4. Property Owners Liability
  5. Engineering Insurance
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