Condominium and Homeowners Association Insurance

In addition to the property and general liability coverage, the association’s directors and officers are exposed to being sued by others for their activities managing the association’s business – “D&O” coverage can (and should) be in place to protect the personal finances of these individuals. If the association is also an employer (maintenance, security, etc.), then Employment Practices Liability and Workers Compensation is recommended and should be considered.

We also recommend that there be clear communication between the condo association, HOA’s and its unit-owners about the respective responsibilities for coverage and the of arrangement of insurance. We can help you draft an explanatory memo for your unit-owners (and can also provide unit-owners’ insurance quotes, on request). Further we do work with many condo association and property managers to make sure that every need is being met to your highest expectation.