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Residents Associations Insurance
Policies provide cover for directors, non-executive directors and officers with indemnity against a wide range of potential legal actions which they can face in the course of carrying out their normal duties and which may put their personal assets at risk.
In certain circumstances, a director or officer may be held personally liable for a breach of a duty of care, skill or contract with the potential for unlimited financial liability.
Unless otherwise stated, the policy provides cover for:
- Damages, judgements or settlements
- Costs and expenses awarded against a Director or Officer
- Legal Defence Costs
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