Volunteering to serve on your condominium’s board of directors can be a thankless task – and in some cases a legally and financially risky one. One little-known vulnerability for condo board members is baked into the liability insurance policies for directors and officers those corporations are required to purchase in Ontario: If one director brings a legal case against another, the D&O insurance provider is almost certain to refuse to cover lawyer fees or damages for either party. Read the entire article……………………………….
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