Group water Schemes, their directors, officers and committee members can be sued for alleged wrongdoing or poor corporate governance, resulting in sizeable payments being demanded. They should be aware that any action taken against them puts their own personal assets in jeopardy when defending a claim. They are personally liable. The “it won’t happen to me” attitude is still prevalent. As the volume of legislation increases, schemes with limited resources are at greater risk than the large corporate entities with their battery of advisors.
Arachas recommends that each individual Group Water Scheme reviews the adequacy of its own insurance cover in order to ensure the scheme is fully protected.
To get a quote for your group scheme simply fill out the quote form.