Why Directors and Officers (D&O) Insurance Is A Must For Homeowner Associations
Did you know that volunteering as a board member for your condo or HOA could jeopardize your personal financial security? You’re actually at risk from lawsuits against the board—whether they have merit or not. Having an indemnification clause in your bylaws helps protect directors financially but at a greater potential cost to the condo association than a comprehensive Directors and Officers (D&O) liability insurance policy. Read the article………….
Condo Owner Ordered to pay $20,000 in Costs After Unsuccessfully Suing Condo Corporation for Harassment
In a recent Small Claims Court case, Wexler v. C.C.C. No. 28, a condominium corporation that had to undertake enforcement
Does your insurance company play fair and square with you? Not always, asserts attorney Tara Snow, a partner at Novitt,