10 Reasons Why Condo D&O Liability
Condominium Association Directors and Officers Liability Program
D&O Protection Flexi Plus (PI-DF-1 9/95) with the Community Association Pro-Pak Enhancement (PI-DO-100)
- Broad definition of Individual Insured includes - director, officer, trustee, volunteer and committee member
- Defense costs for non-monetary relief claims
- Defense costs for breach of contract
- Coverage can be scheduled to include an outside property manager
- Defense costs for failure to seek legal action against developer
- Optional duty to defend provision, affords insured's participation in selection of counsel
- Defense costs for failure to collect or assess dues
- Defense costs for American with Disability Act claims
- Modified Insured vs. Insured exclusion for unit owners
- The Bell endorsement provides coverage for Identity Theft Expenses, Terrorism Travel Reimbursement, Emergency Real Estate Consultation, Temporary Meeting Space Expenses, Workplkace Violence Counseling, The4ft of Work Materials, Kidnap Ransom Expenses, Key Individual Replacement Expenses and Crisis Management Expenses
