Residential Estate Director Liablities?

[Mark300zx]

Moved to a private estate and they have asked me to become a director, there is a managing agent and a board, but something that concerns me is as a Director I am more personally liable if there any issues?

[anonymous-user]

Just make sure the company is carrying (buying) what's called "D&O" insurance.

D&O stands for "Directors and Officers liabilities". In other words, a company can and should buy insurance to protect its directors and officers from any personal liability issues that may arise from the performance of their duties. The sum insured needs to be several £m.