What is Entity Cover?

Entity Cover is normally an extension to your Directors & Officers Liability Insurance policy. Entity Cover is taken out to protect your company in case proceedings are brought against the Company rather than individual Directors and Officers.

Recently leaseholders of a block of flats successfully brought an action against the Residents’ Management Company for failing to appoint a building company in a timely fashion to repair external brickwork on the building. Damage had been caused following a heavy rainstorm and reported to the Management Company, however repair work had not been commenced several months later when a subsequent rainstorm caused further damage. The consequent costs and legal charges resulting from damages awarded by the court and paid from Directors’ personal assets could have been avoided had the Company taken out Directors and Officers Liability insurance with entity cover.

Call for a Residential Buildngs Insurance quote with Residentsline Limited on 0800 281235, or complete the QUOTE ME form here.