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Customized Insurance for Community Associations

Types of Claims

Community association boards and property managers can be sued over a staggering variety of sophisticated liability issues, including allegations related to:

  • Housing discrimination
  • Employment discrimination
  • Architectural disputes
  • Inadequate reserves
  • Negligence
  • Third-party breach of contract
  • Breach of or change in covenants, conditions & restrictions
  • Assessments
  • Liens
  • Defamation
  • Breach of fiduciary duty
  • Declaratory or injunctive relief actions

Unfortunately, community associations can also be vulnerable to criminal losses such as embezzlement, check forgery, equipment theft and so on.  The truth is that 80% of U.S. workplace crime is carried out by employees, and crimes from “trusted insiders” can go undetected for year. 

Coverage Highlights

  • Flexible policy offers Directors & Officers Liability, Employment Practices Liability and Crime
  • Broad definition of insured persons includes past and present directors, officers, trustees, employees, committee members, as well as property managers and their employees
  • “Second generation” claims arising from property damage (other than those related to a construction defect or specified perils) are covered
  • Coverage for property manager wrongful acts, including acts, errors, and misstatements made while providing real estate property management services at the direction of the association board
  • Duty-to-defend coverage means that Chubb will appoint experienced counsel to defend the insured should it be sued

Are You Ready to be Protected?

Protection for Community Association Leaders is available to a variety of community associations, including those for condominiums, cooperatives, homeowners, property owners, commercial communities and interval or timeshare communities.

For more information, contact your insurance agent or broker.