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Business insurance for brokers

Residential D&O


Residential Directors' & Officers' insurance is designed to protect property professionals and their management executive from costs that arise from legal actions they may face during their operations.

Product Highlights
Product Highlights

Directors and Officers, including:

  • Unrestricted definition of Directors or Officers covering all types of past, present and future directors (executive and non-executive) and Officers and Committee Members.

  • Managerial and supervisory employees

  • All employees for Employment Related Wrongful Acts

  • Employees as co-defendants

  • Retired directors

  • Outside directors who, at the request of the company, serve on an outside entity board

  • Spouse, estate, or legal representative of deceased directors

  • All approved persons who perform controlled functions numbered 1 to 20 specified by the Financial Services Authority

  • Prospective directors in any listing particulars or prospectus issued by the company

  • Any lawyer employed by the company who in their capacity as such must comply with Sarbanes-Oxley Act of 2002

The policy covers loss resulting from a wrongful act and will pay for:

North American exposures

Actions between directors of the company

Costs arising from extradition proceedings

Losses incurred within 30 days of buy-outs by management of a subsidiary company

Tax contributions where the company has become insolvent and there is personal liability of an insured

Damages, judgments, settlements bail bond costs, crisis costs, deprivation of asset costs, prosecution costs, public relations expenses and defence costs

Losses incurred for civil fines and penalties imposed pursuant to Section 78ff (c) or Section 1 78dd – 2(g) (2) of the Foreign Corrupt Practices Act or any similar legislation in any other jurisdiction.

Where there has been fraudulent conduct, non-disclosure, misrepresentation or intent to deceive, the policy will nevertheless be maintained for each innocent director.

The policy will pay legal representation expenses for an insured person who during the policy period is formally required to attend an official investigation into the affairs of the company or the insured person (whilst acting in their capacity as such)