by Lawrence Szabo, Esq. | Nov 2, 2017 | Insurance
Homeowners association directors need to be aware of their duties relative to the association’s insurance coverage, which include: (i) insuring against various risks that the association is exposed to; (ii) utilizing proper insurance agents and brokers; (iii)...
by Lawrence Szabo, Esq. | Aug 24, 2017 | Insurance
Homeowners associations are extremely vulnerable to financial losses due to the dishonesty and theft or embezzlement by the association’s officers, directors, employees and management personnel. To protect against the exposure to such losses, homeowners associations...
by Lawrence Szabo, Esq. | Apr 12, 2017 | Insurance
State laws and/or governing documents for homeowners associations impose requirements for the association to carry various forms of insurance such as: • Directors & Officers • Commercial General Liability • Property insurance • Fidelity Bond • Umbrella • Workers...
by Lawrence Szabo, Esq. | Apr 12, 2017 | Insurance
A common mistake made by HOA directors and/or management personnel is the belief that the association does not need to carry workers compensation insurance if they do not have employees. Under state laws, a homeowners association is subject to being held liable for...
by Lawrence Szabo, Esq. | Apr 11, 2017 | Insurance
Because homeowners associations are controlled and operated by part-time volunteer members who serve as officers and directors and unrelated third-party mangers that are hired to provide management services, they are especially vulnerable to losses that result from...
by Lawrence Szabo, Esq. | Oct 27, 2016 | Insurance
Homeowners association directors have specific duties that are related to the insurance coverage that is purchased for the association. Those duties include: (i) purchasing and maintaining proper insurance coverage; (ii) keeping association members informed about the...
