Additional cover
Trustees Indemnity cover
Trustees Indemnity cover - sometimes known as "Directors and
Officers" or simply "D&O" cover - protects committee members
and directors in their personal capacity. Example: a
company director signs a contract for some work on the road. The
work goes badly wrong, and the director is accused of being
negligent and asked to compensate the company for the loss it has
suffered.
Residents are often familiar with this sort of cover, because they
have met it in the course of their business or professional lives.
They may be willing to give up their time to act as a committee
member or director of their residents' association or company, but
may feel that they should not have to run a personal risk, and that
this cover should therefore be provided for them.
You may take the view that this is a reasonable request; and
that providing Trustees Indemnity cover should also encourage other
residents to volunteer as committee members or directors.
Our Trustee Indemnity cover is available, at modest cost, as an
extension to our basic policy (it is not available separately) and
provides levels of cover of £100,000 or £250,000.
Field/Woodland cover
Private roads and estates often include verges, land within
loops or circles of road, parking spaces and so on. Land which is
an integral part of the layout of the road is automatically
included in our basic policy.
However, it occasionally happens that a residents' association
or company will acquire a nearby area of field or woodland, usually
in order to control development. Provided that the land is not in
commercial use (and subject to any particular hazards which may be
present) such areas can be added to our basic policy at modest
cost: please ask us for further details if you feel you need this
cover.
Employers' liability ("EL") cover
Our understanding is that for the purpose of employers'
liability insurance (which is compulsory) someone is a employer in
relation to a person if they are responsible for that person's PAYE
and National Insurance payments.
It should be stressed that very few residents' associations and
companies are in this position: contractors who carry out
work such as mowing grass and sweeping up leaves are not generally
regarded as employees for this purpose.
Nonetheless, a small number of associations prefer to have EL
cover, on a "just in case" basis, i.e. just in case a contractor
should make a claim against the association on the ground that he
or she is an employee.
We can provide EL cover on request. The cost is modest -
please ask us for further details. Again, EL cover is an
extension to our basic policy, and is not available on its
own. Our EL cover satisfies the statutory requirements.
Other policies
We are happy to advise on other policies on request. We
can (for example) offer cover for special events such as
fund-raising fêtes and barbecues; though it should be noted
that our basic policy already has a measure of built-in cover for
such events. Please ask us for further details.
Last Updated: 04 October 2011