Residents Associations Insurance

What is Residents Associations Insurance?

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, Committee Members, Trustees, Officers or Chairpersons.

As a very well intentiened volunteer you may be exposing yourself to duties and responsibilities that could hold you personally liable should things go wrong. Residents Association 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 Residents Associations Insurance policy will cover for defence for the following types of allegations and is 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).

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

We are also able to offer the following types of insurance cover for Residents Associations:

• Public Liability
• Employers Liability
• Building Insurance
• Property Owners Liability
• Engineering Insurance

PIA compares the market on your behalf to provide you with the best small business insurance quotes from the UK's leading commercial insurance companies.

If you have any questions, please call us on +44 (0) 1323 648000