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