Belinda Bagnall from Residentsline Insurance explains the importance of insurance; for the building of course, but also for RMC Directors and Officers volunteering their time to maintain the building. Taking on the role of Residents’ Management Company (RMC) Director or Officer is a big decision. Volunteering the time and energy needed to successfully manage a … Read more

Belinda Bagnall from Residentsline Flats Insurance details some claims that have been incepted on Directors and Officers Liability Insurance policies. For many, fulfilling the role of a director or an officer within a Residents’ Management Company (RMC) is a voluntary role and often, those who are kind enough to step in are doing so with … Read more

Katrina Jones from Residentsline, investigates the importance of Directors’ and Officers’ Liability Insurance for your Residents’ Management Company and outlines possible claim examples.   The Importance of Directors and Officers Liability Insurance  As a member of a Residents’ Management Company, you bear a multitude of responsibilities aimed at ensuring the seamless operation of your block of … Read more

Serving as an officer of a Residents’ Management Company, Residents Association, or Right to Manage Company comes with a host of legal responsibilities. These responsibilities can extend to potential personal liability for the decisions and actions taken while holding the position of a Director or Officer. To mitigate these risks, Management Liability Insurance offers crucial … Read more

Even though directors and officers of Residential Management Companies perform their duties voluntarily, they are held legally accountable for any decisions made on behalf of their company. Moreover, they are personally liable, implying that their individual assets may be at risk if legal action is pursued against them. As well as covering legal costs and … Read more

Belinda Bagnall, Managing Director of Residentsline explores the significance of Directors’ and Officers’ Liability Insurance for your Residents’ Management Company. As a member of a Residents’ Management Company, you have a range of responsibilities to ensure the smooth running of your block of flats. This may include: This can sometimes be an exhaustive list; it … Read more