Coverages typically offers the following coverages:
Property Insurance Coverage
Property insurance provides financial protection against the loss of, or damage to, property. Our policy will typically provide Equipment & Machinery coverage, Building Ordinance coverage blanket coverage for all buildings, structures, and contents owned by the association against loss or damage by any peril, except those specifically excluded within the policy.
Comprehensive General Liability Coverage
Comprehensive general liability insurance extends liability coverage to any location where association business is taking place, provides coverage for host liquor, hired and non owned auto.
Director's And Officer's (D&O) Liability Coverage
Director's and Officer's Liability Insurance (D&O) is necessary when the consequence of the board's alleged negligence results in mismanagement of common funds or policies. Typical claims include wrongful termination, sexual harassment, discrimination, and mismanagement of common funds.
Workers' Compensation Coverage (If needed)
Workers' Compensation provides coverage required by state law for injuries to association employees and volunteers that occur on the job. Workers' Compensation laws incorporate four types of benefits: disability (loss of income), medical benefits, survivor (death) benefits, and rehabilitation benefits.
Fidelity Bond (Employee Dishonesty) Coverage
This coverage "indemnifies" the association for loss of money, securities, or any property because of acts of fraud, dishonesty, forgery, theft, larceny, embezzlement, wrongful abstraction, or willful misapplication or misappropriation, or any other criminal act by employees or volunteers. As an option, coverage can also be extended to protect the association against criminal acts by an independent managing agent.
Umbrella Liability Coverage
Umbrella liability insurance closes the gap between underlying limits of coverage and possible claims in excess of that coverage.
Environmental Impairment Liability Coverage (If needed)
This valuable protection is offered to our associations and it provides protection against exposure to pollution liability claims.
Personal Insurance Protection
Our personal insurance department can provide unit owners with personal insurance protection that residents need. Personal insurance protection provides coverage for personal property, unit improvements, betterments, additions and alterations, additional living expenses, deductible assessments and personal liability.