Professional & Financial

Oasis Property Insurance Services can arrange Professional Indemnity as well as Directors and Officers insurance for all types of property professionals and residents associations.

Professional Indemnity

Professional Indemnity insurance typically covers the legal costs in defending an allegation of negligent advice and should that defence fail, the compensation awarded to the third party. Fines and penalties are of course excluded.

Many trade bodies now make it a condition of membership that the business arranges professional indemnity cover and they usually specify a minimum limit of liability that should be purchased.

Other covers such as loss of documents and employee dishonesty can also be included.

Directors and Officers

Directors and Officers insurance is intended to cover the individual director against the legal costs in defending allegations of acting in a wrongful or negligent way and again should that defence fail, the compensation awarded to the third party. Here it is the directors’ own personal assets that could be at risk, so an invaluable cover.

It is usually possible to extend a Directors and Officers policy to include the company as well, known as Entity cover (or Corporate Legal Liability) and is especially useful for residents associations, but specific advice from Oasis should be sought.

Ideally both covers should be purchased and in some cases it may be possible to arrange a single policy.

With access to a variety of quality insurers, including bespoke schemes and facilities, Oasis will try to help you find the right cover at a competitive price.

Our Team have a wealth of experience, specifically in property related insurance, and customer care is a top priority.

Oasis welcome enquiries from residents associations, resident management companies (RMC), property managers, estate and letting agents, architects and surveyors alike.