2011 August
Focus on... Insurance/Board Training

Insurance
2011 August The ABC's of D&O

Good afternoon—and welcome to the board. Your mission should you choose to accept it is to make decisions to better your building. The residents may not like you and, more importantly, may not like those decisions. Nevertheless, keep do…

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Insurance
2011 August Not Your Grandfather's Policy

Recent developments, legislatively, environmentally and technologically have led to considerable changes in the New York insurance marketplace. And such changes, as managers know, often lead to added paperwork, confusing requirements, …

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Insurance
2011 August Insuring Your Spaces

 As sales of co-ops and condos continue to slow, developers, property managers  and building boards are looking for any possible incentive to attract buyers.  Any realtor will tell you that location is the first and primary consideration  …

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Insurance
2011 August The Course of an Insurance Claim

Insurance is a tricky business. Sure, people usually know the types of incidents that necessitate an insurance claim (fires, floods, leaks, etc.), but when something happens in a co-op or condo and an insurance claim is filed, few real…

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Insurance
2011 August Knowledge is Power

 The goal is to be an informed board member. For both new and seasoned board  members, however, there are countless challenging topics requiring specific  knowledge. With new regulations and legislation on tap, it is imperative that  board…

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Insurance
2011 August In Your Corner

When disaster strikes, whether in the form of a storm, a fire, or some other crisis, the devastation can be overwhelming—something we’ve seen too many times this summer on the nightly news. From making sure loved ones are safe to helping…

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Insurance
2011 August NAMIC

The National Association of Mutual Insurance Companies is the largest and most diverse national property/casualty insurance trade and political advocacy association in the United States. “We are a full-service trade associatio…

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Insurance
2011 August Shopping for Insurance

 Operating a business—or the day-to-day business of a co-op or condo—without adequate insurance coverage is a lot like skydiving with an untested  parachute; you may land just fine...or the result could be catastrophic. If  your condo or c…

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Q&A
2011 August Q&A: Annual Meeting Procedures

Q At our last annual meeting, the president, vice president and all other members  of the board were present. However, without any explanation to the shareholders  present, the corporation’s counsel proceeded to conduct the meeting by fir…

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Q&A
2011 August Q&A: Determining Guidelines to Limit Liability

Q Our condo building has a lot attached with parking for six cars. On the far side  of the lot there is a garden and a playground. We have a member who has requested to use the garden, playground and parking lot for a  party. Cars will be…

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