The directors of Right to Manage limited companies (RTM) have the same responsibilities and duties as the directors of any other limited company. It is probably more important for them to consider the risks a directorship brings as these roles are often un-paid.
Our recommendation is that directors & officer insurance cover is place to provide defence cost and settlements if a director is held personal responsible for his or her actions.
D & O premiums for RTM companies or generally less than for normal limited liability companies and the premiums are calculated on the number of units within the development.
Macbeth has a range of options, including access to some insurers who will automatically provide the D&O cover as part of a buildings portfolio policy.