// RMC & RTM Insurance

Directors and Officers Insurance

As a director or officer of a Resident Management or Right-To-Manage company, you have specific duties and responsibilities that places personal liability on you. Our directors and officers (D&O) liability insurance covers you against the cost of defending any claims brought against you if those duties and responsibilities are not carried out.

Directors and officers duties include:

Common law duties
Legal principles established from many years of case law.

Fiduciary duties
To act honestly, in good faith, in the best interests of the company at all times and not to allow personal interests to conflict with those of the company.

Duties of skill and care
To exercise the same level of care and skill that a person would use in the management of their own affairs with their level of knowledge and experience.

Statutory duties
Where a company commits an offence under an Act with the consent or connivance of a director, or is attributable to neglect. The director is also guilty of the same criminal offence and can be punished accordingly.

We can arrange this important cover to specifically protect you in regard to alleged wrongful acts such as breach of duty or trust and neglect, error or omission in the performance of your duties.

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