Community Associations
Community Association Director and Officer Professional Liability
Announcing our Directors & Officers Liability product designed to meet the unique coverage needs of Homeowners Associations and Condominium Associations.
Target Classes
- Homeowners Associations
- Townhome Associations
- Condominium Associations
- Planned Unit Developments
- Mobile Home Parks
- Office Parks
- Cooperatives (except in New York state)
- Retail Associations
Disclaimer: All classes and lines of coverage may not be available in all states. For current availability, please contact a Couch Braunsdorf Specialist.
Submission Requirements
- ACORD forms
- Supplemental application will vary by risk
- 5 years loss runs
Coverage
PLEASE FILL
Highlights
- No exclusion for failure to maintain insurance claims (where available)
- Breach of Contract coverage (now available in all states)
- Coverage for both monetary and non-monetary claims (now available in all states)
- Defense outside the Limit of Liability
- Lifetime Occurrence Reporting Provision
- Manager/Management Company automatically named as an Additional Insured
- Employment Practices Liability included for no additional premium for 10 employees or less
- Third Party Discrimination and Third Party Harassment coverage (applicable classes)
- Duty to defend with affirmative allocation wording
- Defense and Settlement Provision (hammer clause) – 75/25 in favor of the insured
- Punitive Damages with most favorable venue wording included automatically (where insurable by law, not available in Alabama and West Virginia