D & O Liability for Community Associations
Offered by Kevin Davis Insurance Services, Inc.
Condominium Associations Directors & Officers Homeowners AssociationsDescription
Coverage Highlights:
• Protects directors, officers, trustees, employees, volunteers and committee members, as well as the community association with a broad definition of claim
• Has a "duty to defend" feature that provides legal defense for allegations of wrongful acts and covers associated defense costs
• Provides claims made coverage with reporting of claims "as soon as practicable" after the end of the policy period
• Provides coverage for monetary and non-monetary claims
• Covers punitive and exemplary damages where insurable under applicable law
• Covers lawsuits and allegations involving wrongful termination, discrimination, and general breach of fiduciary duty
• Provides coverage for the independent community management company
• Has optional coverage available for the builder/developer while acting as a member of the Board
Details
Carrier Information
Travelers
Admitted
Rating A
Rating By AM Best
Listing Contact
Sherry Branson Marketing Project Manager
Offered By
Availability 50 states
Covered
Not Covered