To attract and keep qualified volunteers, community associations must have adequate coverage in place

Most community associations are operated by a board of directors (the “board”), usually made up of a small group of volunteer community members. Due to the broad nature of an their responsibilities such as setting an annual budget, collecting dues and fees, maintaining the common areas, adopting and enforcing rules and regulations, the volunteers are at risk of disagreements and at time lawsuits against them. Not infrequently, such suits also name one or more board members. Without adequate Directors and Officers (D&O) and Errors and Omissions (E&O) insurance, a lawsuit against an board member can leave the member responsible for paying legal costs, expenses, and even damages.

Limits Available

  • Directors & Officers and Employment Practices: $5,000,000 limit available

Business Owners Package for Homeowners Associations under 100 Units

  • General Liability – $2,000,000/$4,000,000
  • Property – $300,000 blanket coverage available (excluding buildings)

Preferred Classes

  • Residential Condominiums Associations
  • Homeowners Associations
  • Retail Associations
  • Cooperatives
  • Property Owner Associations
  • Dock Associations
  • Office/Industrial Parks
  • Mobile Home Parks
  • Planned Unit Developments

Restricted Classes

  • Master Associations
  • Rental Associations
  • Condo-Hotels
  • Timeshares