Community Association Directors & Officers Liability

Expertise. Solution. Service.

Available Limits:
• Limits available up to $5 million
Preferred Business:
• Associations with up to 1,000 units
• Average unit values up to $1 million
Target Classes:

• Condominium association	• Office park
• Cooperatives (except in New York state)	• Planned unit development
• Homeowners association	• Retail association
• Mobile home park	• Townhouse association

Retentions:
• Retentions start at $1,000
• Vary by state, city, and class
Ineligible Risk Characteristics:

• Airport or airstrip	• Rental association
• Builder/Developer controlled association	• Sewage treatment facility
• Condo/Hotel	• Storage association
• Interval	• Timeshare

• Associations in LA or WV
• Cooperatives located in NY state
• More than 1,000 units
• Average unit value greater than $1 million
• More than two directors and officers or employment practices claims/circumstances that may lead to a claim in the past five years
Product Advantages:
• Defense for breach of contract claims
• Coverage for both monetary and non-monetary claims
• No exclusion for failure to maintain insurance claims where available
• Lifetime occurrence reporting period
• Manager/Management company automatically named as additional insured
• Defense costs outside the limit
• Duty to defend with affirmative allocation wording
• Third-party harassment and third-party discrimination coverages
• Employment practices liability coverage provided for no additional premium for associations with 10 or fewer employees
• Full prior acts coverage
• Defense and settlement provision (“hammer clause”) softened to cover 75% of defense costs and loss after insured’s final refusal to consent to settle a claim
• Punitive damages with most favorable venue wording where insurable by law
• Admitted carrier in all states except VT (non-admitted), WV and LA (product not available)
• A.M. Best rated A++ carrier
• Access to Business Solution Vendors, including:

• Human Resources services
• Pre-employment and tenant screenings
• Identity Theft protection
• Marketing resources

We settle for nothing less than the best choices for our clients, and we put no limit on what we can do for your client's Community Association Directors & Officers Insurance needs.

Please reach out to us today by phone or email with any questions and to discuss how we can assist in this process.

U.S. States Available

U.S. States Available:

Provider Type:

Wholesale Broker

Admitted:

-

Carriers:

Carrier Ratings:

A.M. Best rated A++ carrier

Commission:

-

Min Premium:

-

Coverages:

Community Association Manager Directors’ & Officers’ Insurance Condominium Association Directors and Officers Insurance Co-op Single Building Directors & Officers Liability Insurance Directors and Officers Liability Insurance Directors and Officers Liability of Homeowners Association Insurance Homeowners Association Directors and Officers Liability Insurance Mobile Home Park Directors and Officers Liability Insurance Planned Unit Developments Directors and Officers Liability Insurance Retail Association Directors and Officers Liability Insurance Townhouse Association Directors and Officers Liability Insurance

Show all Coverages

CompleteMarkets is The Insurance Industry's Professional Network

Please Register for FREE or Sign In to contact

Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!

Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.

MAXIMUM has other insurance programs like Annual Host Liquor Liability.

MAXIMUM

MAXIMUM

Hi, !

Community Association Directors & Officers Liability

Expertise. Solution. Service.

Please reach out to us today by phone or email with any questions and to discuss how we can assist in this process.

U.S. States Available