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3 Safety Measures Condominium Boards Should Take Today

The tragic collapse of the Champlain Tower South in Surfside, Florida, in June 2021 has condo owners and boards of directors across the U.S. questioning the safety of their own communities. Ninety-eight people died as a result of the collapse, bringing scrutiny to the legal requirements and standards related to the ongoing maintenance and structural [...]

By | 2021-10-14T11:27:38-04:00 October 14th, 2021|D&O Insurance|Comments Off on 3 Safety Measures Condominium Boards Should Take Today

After Surfside, Heightened Focus on Condo Association Insurance

In a perfect world, condominium associations would hire a structural engineer to inspect their property every couple of years. The engineer would inform the association of any compromises to the building’s structural integrity or electrical system, and the association’s board of directors would authorize repairs in timely fashion, simultaneously managing risk and controlling costs [...]

By | 2021-08-25T08:26:26-04:00 August 25th, 2021|D&O Insurance|Comments Off on After Surfside, Heightened Focus on Condo Association Insurance

Facing the Truth About Aging Infrastructure

As buildings and their internal systems and physical components age, how can the community associations that own them best prepare to meet the unexpected—but necessary— financial demands. Over many conversations in recent years, members of the Foundation for Community Association Research (FCAR) have identified aging infrastructures—the physical structures and the components within them that [...]

By | 2021-08-25T08:06:25-04:00 August 3rd, 2021|D&O Insurance|Comments Off on Facing the Truth About Aging Infrastructure

Discrimination in HOA’s

Discrimination in HOA’s is a growing concern.  Please see the attached presentation given by Adam Beaudoin of Ward and Smith and Andrew Bateman of TriSure Insurance.  It is becoming more and more common for Community Associations, at some point in time, to have discrimination charges filed, or threatened to be filed, against them.  Most [...]

By | 2019-08-21T10:43:40-04:00 August 19th, 2019|D&O Insurance|Comments Off on Discrimination in HOA’s

HOA/Condo Directors — Duties, Standards of Conduct, and Liability

This week Jim Slaughter, Attorney, Black, Slaughter & Black wrote an excellent article on Board of Directors for HOA’s duties, standard of conduct, and the Liability. This is a great article for new and long standing board members of HOA’s.   Congratulations! You’ve just been elected to your HOA/condo association board of directors. Your new [...]

By | 2018-07-30T18:59:38-04:00 July 30th, 2018|D&O Insurance|Comments Off on HOA/Condo Directors — Duties, Standards of Conduct, and Liability

FEMA’s Definition of a Private Association

Hope you are having a great start to your morning.   I wanted to make sure that you have seen the information about FEMA’s definition of a Private Association.  FEMA is trying to limit where they will reimburse local municipalities for debris pick-up or disaster assistance after a Hurricane or natural disaster.  They want private association, [...]

By | 2018-04-23T12:05:39-04:00 April 23rd, 2018|D&O Insurance, Newsletter|Comments Off on FEMA’s Definition of a Private Association

HOA Board Members: What Insurance Do You Need?

Homeowners association board members make difficult decisions, which can have a huge impact on the people around them. Consequently, individual members of the HOA board are susceptible to becoming targets for lawsuits along with the association itself. Considering the majority of them own at least one of the development units, they do have something to [...]

By | 2018-01-12T16:19:36-05:00 January 20th, 2018|D&O Insurance|Comments Off on HOA Board Members: What Insurance Do You Need?

Legislative Trends Affecting Condos and HOAs in 2018

2018 Advocacy - As members of the HOA industry it is so important to stay up to date on issues that affect us and our Communities.  CAI lets us know what they support for upcoming Legislation.  Please see this link to sign up for the Advocacy Emails from CAI National. https://www.caionline.org/Advocacy/Pages/default.aspx Please research the pending [...]

By | 2018-01-15T13:49:06-05:00 January 15th, 2018|D&O Insurance|Comments Off on Legislative Trends Affecting Condos and HOAs in 2018

What is D&O Liability Insurance?

The Directors’ and Officers’ Liability coverage is an insurance that protects officers and trustees from being held accountable for the actions they took or failed to take as members of a board. It offers liability coverage for the damages that ensued alleged wrongdoings of a member. This policy can cover the liability of officers and [...]

By | 2018-01-12T16:20:34-05:00 January 10th, 2018|D&O Insurance|Comments Off on What is D&O Liability Insurance?

HOA Managers & Board Members Education Luncheon

Education Luncheon Presented by Trisure, Ward & Smith, & Dragonfly Pond Works Please join us for an educational luncheon focused on community associations. Our team of local experts will present on several topics which will hopefully help you manage community associations. DATE: Tuesday December 12, 2017 TIME: 11:30am - 1:00pm LOCATION: Carolina Restoration Services; 3401 [...]

By | 2019-04-24T20:00:31-04:00 November 21st, 2017|D&O Insurance, Newsletter|Comments Off on HOA Managers & Board Members Education Luncheon