Specialist Insurance for RTM Companies and Residential Management Companies
At Motts Insurance we arrange insurance for a wide range of Right to Manage (RTM) companies, Resident Management Companies (RMCs) and block management properties throughout the UK. We work closely with property management companies, including not-for-profit management companies, and are also a trusted insurance broker for a number of solicitors involved in setting up legal RTM structures for residential properties. Because we regularly deal with RTM and management company arrangements, we understand both the practical and legal considerations involved.
What is Right to Manage (RTM)?
Right to Manage is a legal process that allows leaseholders to take over the management of their building from the freeholder. This is normally achieved by forming a limited company known as a Right to Manage Company. Once established, the RTM company becomes responsible for the day-to-day management of the property, which typically includes:
- Arranging buildings insurance
- Organising repairs and maintenance
- Managing communal areas
- Instructing contractors
- Managing service charges
- Meeting health and safety responsibilities
- Protecting the interests of leaseholders and residents
Right to Manage Insurance Broker
Over the years, Motts Insurance has developed strong relationships with solicitors, managing agents and property professionals involved in residential block management. We are regularly approached by solicitors tasked with creating RTM companies who require reliable insurance arrangements for newly formed management structures. We also work alongside established property management companies that require responsive service and long-term continuity for the properties they oversee.
We help arrange cover for a wide range of property types and structures, including Right to Manage Companies, Resident Management Companies, freehold management companies, not-for-profit property management companies, purpose-built apartment blocks and converted properties, mixed residential developments, and properties managed by managing agents. We can arrange cover for properties across England, Wales, Scotland and Northern Ireland.
As a long-established independent insurance broker, we understand that residential block insurance is not simply about obtaining the cheapest premium. Leaseholders, directors and managing agents need confidence that cover has been arranged correctly and that support will be available when required. We provide straightforward advice and long-term support rather than generic online insurance solutions.
Key Covers
- Buildings Insurance — protection for the building, communal areas and permanent fixtures
- Property Owners Liability — cover for injury or property damage connected with the building
- Directors and Officers Liability — protection for directors and committee members of RTM and management companies
- Employers Liability — required where staff such as caretakers or cleaners are employed directly
- Engineering Inspection and Lift Insurance — available for buildings with lifts or mechanical equipment
- Terrorism Insurance — often required by lenders or lease agreements for larger residential blocks
- Legal Expenses Insurance — optional cover to assist with certain legal disputes and associated costs