In the majority of cases studied, Arachas found that policies did not provide adequate cover in respect of the
numerous risk exposures facing Group Water Schemes. In addition, it was found that committee members &
directors were personally exposed. They had no recourse in the event of legal action being taken against them
for alleged wrongdoing or poor corporate governance.
Some more glaring examples included:-
No cover provided in respect of volunteers or helpers.
Cover with inadequate Limits of Indemnity and no cover for products liability. Cover not extended to cover
member to member liability.
Directors & Officers liability:
No protection whatsoever for the directors & officers in respect of corporate governance.
Once the initial phase of our studies was completed, Arachas proceeded to design a programme that would
eliminate these gaps in cover and allow Group Water Schemes identify clearly those risks that most expose
their scheme. The package designed now provides a comprehensive solution, as you will see from the
attached cover chart.
Arachas Corporate Brokers are Ireland's largest independently owned insurance and risk management
brokerage. The group employs over 150 staff in the areas of insurance brokering, risk management and
financial services. Over many years, Arachas has established and managed many affinity programmes,
covering a wide range of disciplines, including contracting, retail, community and voluntary, sport and