Category: Insurance

Insurance
How Important is D&O Insurance?

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)…

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Insurance
2017 August Encouraging Board Participation

With so many people leading busy, sometimes hectic, lives that revolve around work, kids, social functions, and other obligations, it’s often very difficult for co-op/condo/HOA administrators to find residents willing and able to serve thei…

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Insurance
2017 August Avoiding Conflicts of Interest

Successful association or cooperative living requires harmony between all parties involved, from management to staff to board to residents. Should one of these groups put their own self-interests above the common good, the wheels can come o…

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Insurance
2017 August Insurance Law

Insurance liability is a very important issue for a condo or HOA association or a condo board. Most have built up a good relationship with their insurance agents or brokers, and many are content to leave the details to the pros.  However, …

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Insurance
2017 August Indemnity Clauses

Whether a small service contract for something like snow removal, or a larger initiative like replacing all the windows in a building or HOA, boards and property managers have to exercise extreme due diligence before signing on the dotted l…

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Insurance
2017 August Insurance Basics

For many people, insurance seems like its own mysterious realm, filled with terminologies that sound formidable and enigmatic. At the same time, people also understand the profound importance of insurance and what it can mean for the safety…

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Insurance
How Important is D&O Insurance?

Directors and Officers (more commonly called D&O) insurance protects individual board members from paying out-of-pocket for legal expenses resulting from good-faith decisions they make in the course of carrying out their duties. Here, an in…

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Insurance
Insurance Claim Mistakes

To claim...or not to claim? That can be a tough question; on the one hand, nobody wants to pay out-of-pocket for something their insurance policy covers. On the other hand, too many claims can add up to increased premiums - or get a condo o…

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