Condominium & HOA Master Policies
Risk management solutions for board members, including Directors & Officers (D&O) liability and master policy coverage.
Operational Risk Profile
Homeowner associations and condo boards face distinct regulatory and fiduciary exposures. Liability centers around the mismanagement of community funds, failure to maintain common areas, and disputes between the master association and individual unit owners. Physical risks involve catastrophic damage to shared roofs, clubhouses, and shared infrastructure.
Core Coverage Considerations
While every business has a unique risk profile, a foundational risk management strategy for this industry typically includes the following core coverages. We will work with you to identify any additional specialized policies required for your specific operations.
Directors & Officers (D&O) Liability
Critical protection for board members against lawsuits alleging breach of fiduciary duty, mismanagement, or discrimination.
Master Commercial Property
Required to cover common areas and building envelopes, with careful attention paid to “bare walls” versus “all-in” policy wording.
Crime & Fidelity Bonds
Necessary to protect the association’s reserve funds and operating accounts from internal employee dishonesty or board member theft.
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