Residential Management D&O Insurance
Providing Residents Associations and Management Companies with the protection needed to make property management easier.
Protecting Your Leadership and Peace of Mind
Step up with confidence! Becoming a director of a Residents Association or Management Company is rewarding, but it comes with financial risks.
Becoming a director of a Residents Association or a Management Company (RMC) involves a significant commitment. While it’s a rewarding role that helps improve and maintain your community, it also carries personal financial risks. Directors & Officers (D&O) Insurance is designed to protect you against these risks, ensuring you can focus on your responsibilities with confidence.
What Protection Does Residential D&O Insurance Offer?
Stay focused on managing your community with confidence.
Personal Financial Liability
As a director, you can be held personally liable for decisions that result in financial loss to others, whether it’s fellow leaseholders, contractors, or other third parties. Even unintentional breaches of regulations can lead to personal liability.
Increasing Litigation Risks
We live in a litigious society where claims against directors are becoming more common. Legal actions, even if unfounded, can result in substantial defense costs and personal financial exposure.
Regulatory Compliance
Directors are responsible for ensuring that the properties they manage comply with all relevant health and safety regulations. Failure to do so can result in fines and legal actions.
Stay focused on managing your community. Let Residential D&O Insurance handle the risks.
Key Features of Our Residential D&O Insurance
Empower your leadership with the security of D&O Insurance. Focus on your community, we’ll handle the rest.
Our Directors & Officers (D&O) Insurance is designed to provide comprehensive protection for directors of Residents Associations and Management Companies. With tailored coverage that addresses the unique challenges you face, our policy ensures you can manage your responsibilities with confidence and peace of mind. Here’s a detailed look at the key features of our D&O Insurance:
Legal Liability Coverage
Protection against wrongful acts committed in your role.
Defense Cost Coverage
Covers defense costs for claims made against you.
Identity Fraud Protection
Coverage for fees and costs to address identity fraud.
Investigation Coverage
Coverage for costs incurred during investigations by regulatory authorities.
Crisis Management
Assistance with managing the reputational impact of a claim or legal action.
Competitive Premiums
We offer flexible options to suit your budget without compromising on the protection your team needs.
Experienced Support
Our team of insurance experts provides dedicated support, ensuring you get the right coverage and advice.
Unique Coverage
We understand the unique risks faced by blocks of flats and offer policies designed specifically to meet those needs.
Our in-house claims department
Here at A-One, we benefit from an in-house claims department. This means that should you need to make a claim on your policy, you will be appointed a dedicated claims handler to manage your claim from start to finish. Our handlers will bridge the gap between you and your insurer. Working to achieve the best possible outcome on your behalf.
This means you'll have one point of contact to manage your claim from start to finish.
Protect your leadership and safeguard your assets with D&O Insurance for management companies. Ensure peace of mind and focus on what matters most—effectively managing your community.
Directors & Officers Insurance is a vital safeguard for anyone involved in managing a residential block. It not only provides financial protection but also peace of mind, allowing you to focus on effectively managing your community without fear of personal financial repercussions. Contact us today to learn more about how our tailored D&O insurance policies can protect you and your association.
Residential D&O Insurance FAQ’s
Can volunteer directors benefit from D&O Insurance?
Absolutely. Volunteer directors of Residents Associations or Management Companies benefit greatly from D&O Insurance as it provides them with protection against personal financial risks and liabilities, allowing them to serve confidently and effectively.
Does D&O Insurance cover legal costs?
Yes, D&O Insurance covers the defense costs associated with claims made against directors and officers, including legal fees and court costs.
Are there any exclusions in D&O Insurance policies?
Yes, like all insurance policies, D&O Insurance has exclusions, limits, and conditions. It’s important to review the full policy terms and conditions to understand what is and isn’t covered.
Who needs D&O Insurance?
Directors and officers of Residents Associations, Management Companies (RMCs), and other similar entities need D&O Insurance to protect against personal liability and financial risks associated with their roles.