The following information is intended to be a general overview of Claims Conditions. For the specific conditions relating to your current directors & officers insurance please refer to your full policy document.
A copy of your full policy document can be found in your Client Area together with all the relevant telephone numbers, addresses and a partially completed claim form for your use.
Please note this is a claims made policy and covers only claims first made during the Period of Insurance.
You or any director or officer or the residents’ association as a condition precedent to payment under this Policy shall provide written notice to the insurer the insurer as soon as is reasonably practicable of:
- any claim made against any director or officer
- notice from any person or entity of an intention to make such a claim
The date of notification to the insurer will be deemed to be the date upon which the resultant claim is first made under this policy.
Should a director or officer or the residents’ association become aware of any circumstances which could give rise to a claim at a later date then written notice to the insurer of such circumstances will be accepted as the date of notification of a claim. Such circumstances shall make reference to the wrongful act which may give rise to a claim and the material facts which give rise to the belief that a claim may be made.
Written notice shall include but not limited to a description of the claim or circumstances, the nature of the alleged or potential damage, the names of the actual or potential claimants and the date and manner in which the director or officer or the residents’ association first became aware of the claim or circumstances.
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