D&O Liability for Community Associations
Offered by Distinguished Programs
Description
This coverage is designed to protect not-for-profit community association board members from lawsuits that result from management-related actions or decisions made while they are serving.
Established in 2003, and one of our flagship products, Distinguished's Community Associations Directors and Officers Insurance is top-of-the-line and underwritten by a team renowned for their expertise and commitment to this line of business.
Key advantages:
- First-dollar defense
- Defense outside the limit of liability
- Defense for breach of third-party contract
- Broad definition of insured - includes those performing property management services
- One-step, easy online quoting and policy issuance application
- Financials not necessary to bind
- Low minimum premium
- Highly competitive D&O rates for qualified segments
- Legal Concierge Hotline provides insureds general advice from a nationally recognized and carrier-approved law firm
- Coverage limits of $1M to $5M (we offer increments of $1M)
- First-dollar defense
- Defense for breach of a third-party contract
- Defense for non-monetary damage allegations
- No individual insured vs. individual insured exclusion
- Punitive damages protection where permitted by law
- A duty to defend the association and its members
- A broad definition of claim
- Cyber Liability for digital breaches of data, including credit monitoring for affected parties
- Wrongful termination
- Violation of employment laws
- Discrimination
- Wrongful discipline
- Negligent evaluation
- Failure to provide adequate workplace policies or procedures
- Employment-related misrepresentation
- Sexual harassment
- Wrongful failure to employ or promote
- Wrongful deprivation of career opportunity
- Retaliation
Eligibility:
- Homeowners Associations (HOAs)
- Cooperatives (CO-OPs)
- Property Owners Associations (POAs)
- Commercial Condominiums
- Condominium Associations (COAs)
- Planned Unit Developments (PUDs)
- Timeshares/Intervals
- Mixed-use Condominiums
- Directors and officers
- Committee members
- Executives
- Employees of the association
- Property management professionals
- Spousal and estate
- Trustees
- Volunteers
- Builders and developers, as members of the board
Listing Contact
Tara Hughes Marketing Communications Manager
Offered By
Availability 50 states + DC
Covered
Not Covered
