Distinguished Blog - Community Associations
Market insights and industry news.
How to Be Prepared for Cyber Monday Hacks
Cyber Monday is the appointed day when people frantically shop online for the best deals in time for the holidays. Everything from TVs, phones, and laptops to mattresses and appliances are promoted as being available at the lowest price all year. According to Adobe’s yearly shopping insights report, retailers reported a whopping $12 billion in…
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Distinguished Programs and Berkley Program Specialists Partner for Community Associations D&O and Crime Coverage
New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Starting Jan. 1, 2025, Distinguished will begin to consolidate their Crime, D&O, and Package coverages under one carrier. “This expanded…
Meet Distinguished’s Community Associations Insurance Experts
At Distinguished, we understand the unique insurance needs of community associations. That’s why we have a team of experts dedicated to providing insurance solutions for HOAs, condos, and other types of community associations. We work with community association brokers to get the coverages their clients need. In this short video, we want to introduce you…
Here’s what’s new with our Express Community Associations Umbrella
We have opened our new Broker Connect portal for our Express Community Associations Umbrella. You can expect it to be faster and more efficient for submitting Express Community Associations Umbrellas. Here are some key details you need to know: What’s New in Our Express Community Associations Umbrella? How to Utilize the New Portal Other Community Associations Products Need…
Community Association Team – Employee Highlight Videos
Distinguished Programs’ community association insurance team is made up of exceptional individuals who are dedicated to providing the highest level of service and support to their clients. Our team is composed of experienced underwriters, risk managers, and support staff who work together to deliver specialized insurance programs that meet the unique needs of community associations….
D&O Insurance: 5 Scenarios Where Associations Needed Coverage
Directors and Officers (D&O) insurance is big business for brokers — according to a report by A.M. Best, the D&O insurance market is expected to reach $18.2 billion in gross written premium by 2027. It also should be a no-brainer decision for the association’s board of directors because it’s effectively a safety net for them….
New Nevada HOA Cyber Insurance Mandate: Are Your Community Association Clients Prepared?
By Mike Schleich, National Business Development Leader for Community Associations Nevada’s 2023 legislature passed a new HOA law requiring community associations to carry Cyber Liability insurance if they utilize a website or electronic portal to collect monthly assessment fees online. Community associations receive and store unit owners’ bank account numbers and/or credit cards, as well…
Scary Risks for Community Associations During Halloween
Signs of Halloween, everyone’s favorite spooky holiday, are everywhere during the month of October – from carved-out pumpkins to skeletons hanging in the windows and elaborate decorations. Kids and adults have planned their costumes well in advance, and this year we may very well see a lot more trick-or-treaters and Halloween parties taking place, including…
Distinguished’s Guide to Crime and Fidelity Insurance for HOAs, COAs, and More
A strong sense of community, friendly neighbors, and well-maintained surroundings are just a few of the many reasons people love living in community associations. However, even in these seemingly ideal settings, crime and financial loss can still be a concern for HOAs and COAs. That’s where community association crime and fidelity insurance comes in. This…
Community Association Cyber Liability Insurance: A Complete Guide for HOAs, COAs, and More
As community associations continue to embrace technology, more and more sensitive data is getting stored online. Digitizing everything from membership login information to financial reports is convenient, but it also opens homeowners’ associations (HOAs), condominiums associations (COAs), and other organizations to the threat of cybercrime. For this reason, community associations need to understand their cyber…
Cyber Liability Insurance for At-Risk Industries
Seeking protection against cyber risks? Watch our specialists in this informative panel discussion to discover more about Cyber Liability insurance. Discover the importance of having comprehensive coverage, understand the different types of cyberattacks, and learn best practices for preventing them. Learn how to sell Cyber Liability insurance for community associations, hotels, and restaurants. Don’t miss…