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Blocks of Flats Insurance Directors and Officers Liability Insurance - What Could Go Wrong


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What could go wrong?

A director could be held liable because the value of a co-lessee's flat had fallen due to the failure to identify and rectify external dilapidation.

A lessee might hold a director responsible for the poor workmanship of contractors, which were paid 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 residential management company because they are unwilling to accept the potential personal liability.

Cover is provided for breach of duty, trust or contract, neglect, misleading statements and wrongful trading or wrongful acts or omissions.



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What could go wrong?
A director could be held liable because ...more
What is covered?
Legal defence costs ...more
Who is covered?
Any person presently or previously ...more
What is not covered?
As you would expect, the policy does ...more
Is this cover needed when managing agents, with their own professional indemnity insurance, are engaged?
Yes, the two really are complementary ...more
British Insurance Brokers Association

Deacon is a trading name of Barbon Insurance Group Limited which is authorised and regulated by the Financial Services Authority. Registered in England number 3135797. Registered office address: 4-9 Highview, High Street, Bordon, Hampshire. GU35 0AX

The products we offer are available for UK properties only. Up to date policy terms and conditions are available from Deacon on 08000 92 93 94 or email info@deacon.co.uk