Distinguished Blog - Community Associations

Market insights and industry news.

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….

Read More...

Best Way to Secure a Door Lock System

It’s a phone call no property owner wants to receive. Your tenant’s door locks did not keep a perpetrator out. The tenant has been assaulted in his or her apartment – in one of your buildings. The victim has survived a robbery along with a physical assault and the perpetrator has been caught. Now the legal…

Read More...

A Bird’s-Eye View on High-Rise Window Security

A century ago, buildings that were more than a few stories high were an engineering marvel; today, multi-storied and high-rise hotels are plentiful and routinely soar to increasing heights, all the better to market the expansive views as a major marketing point. Unfortunately, unique exposures exist that can trigger general liability and umbrella liability claims—consider…

Read More...

Building Your Community Association Insurance Solutions

Today we’re welcoming guest blogger Phil Masi, CIRMS, Senior Vice President at Assured Partners in Lake Mary, FL. Handling over 200 associations throughout Florida, and serving as a community association board member himself, Phil knows a thing or two about how a board selects an insurance program. Read on, and share with your boards, as Phil…

Read More...

Are Your Community Association’s Crime Policy Limits Really Enough?

In a previous article, we touched upon Employee Dishonesty insurance – “protection for your money when it’s stolen by an employee.” Now we’ll take a closer look at the impact of employee theft on community associations, and how the limits on a Crime policy for many associations may come up short. Let’s first consider the…

Read More...

Lax Security Results in Tragedy, Hits Bottom Line for Apartment Owners

A $10 million verdict was not what the owners of an apartment complex in Clayton County, Georgia expected to hear in connection with a 2015 shooting death of one of its residents. But that’s exactly the amount the jury rendered after it was convinced by the victim’s lawyer that the owners of the complex were…

Read More...

From the Claim Files: Umbrellas; Coverage for the Unexpected Claim

Read More...

From the Claim Files: Directors and Officers Claim

Read More...

Impact of Airbnb-Type Rentals on Condo Associations, HOAs

Many condo owners are using sites such as Airbnb, Homeaway, Vacation Rentals and VRBO as a way to monetize their assets. Yet while there are monetary benefits for condo owners in using these home-sharing sites, doing so poses significant risks to both the association and the condominium owner, including liability exposure, damage to common areas,…

Read More...

From the Claim Files: Directors & Officers (D&O) Liability Insurance

Read More...

The Path to Pool Safety This Season

Pool season is here. Which means it’s time to invest in new sunscreen and pull those bathing suits out of storage. It’s also time for community associations and property owners to reassess pool safety, maintenance, and risk management. Most pool injuries are minor in nature, but some can result in broken limbs, head or spinal…

Read More...