Compared to rowdy annual meetings or catastrophic plumbing leaks, insurance may not seem like the most exciting aspect of serving on one's co-op or condo board. But neglect it at your peril! Mishandling claims - whether deliberately or acci…
Insurance may not be the most exciting topic facing boards in multifamily co-ops and condos, but decision-makers neglect it at their peril. Here, an insurance pro outlines some of the more common mistakes he sees boards make when it comes t…
When it comes to selecting a multi-family building insurance premium, the natural tendency is to go with the least expensive option. But cheaper doesn't always mean better or even proper. Insurance expert Edward Mackoul outlines the common …
There are few things more traumatic than dealing with a fire in one's home. From loss of possessions either replaceable or one-of-a-kind, to the exponentially more horrific potential of lost human life, the baseline is bad -- and things can…
It’s that time of the year again: the Christmas lights are up; the air smells of pine trees and potato pancakes; and there’s a possibility of snow, sleet and ice. There’s also a chance that someone might slip and fall at your co-op or co…
Every board knows how important it is to have adequate, up-to-date insurance coverage to protect their community from liability, disaster, and other expensive situations -- but what about board members themselves? Directors & Officers (D&O)…
In a scene from the 1985 historical drama Out of Africa , Lord Delamare (portrayed by Michael Gough) asks the Danish writer Isak Dinesen (played by Meryl Streep) if she had insurance after her coffee farm in Africa burnt to the ground. “…
Sometimes, filing a claim with your insurer is exactly the right thing to do...and sometimes it's not. Industry pros explain which claims should be filed, which ones might not be such a good idea, and how to know the difference.
An accident that involves a worker who injures him or herself while on the job at a building can spell legal and financial trouble for building owners and managing agents under New York's Labor Law. Three important sections from the law to …
A panel of emergency preparedness experts told board members and managers how to prepare their buildings to weather coastal storms, like 2012’s Hurricane Sandy, safely. In the recent installment of Argo University for Boards at Manh…