Liability & the Law: Reducing Liabilities in Co-op & Condo Communities

It’s no secret that insurance is a necessity for any building or association. Nevertheless, the expense of coverage means that issues of liability and risk are all too often examined only after problems have occurred. Usually, insurance holders address matters “because something bad has happened,” says Robert M. Prince, a partner at the law firm of Cervantes Chatt & Prince P.C., which has offices in Chicago and Burr Ridge, Illinois. “Someone has been hurt or a lawsuit filed…it’s more reactive in nature. Other times, a new case or law comes out and that prompts boards and managers to look at how they’re doing things.”    Read the article………….


Related Articles

Package Theft in your Community

While worse during the holiday season, package theft is a year-round concern for anyone who shops online. Unfortunately, but not

Is Your Vertical Community Ready for El Nino? (CA)

We have a high probability of a powerful El Nino returning this fall with extreme rain, wind and flooding conditions. 

Ten Key Items that Should Be on Every Community’s Annual Calendar

As a board member or the management company for an association, do you have all your ducks in a row