Protection for Community Association Leaders

• Tailored coverage for community association boards and their property managers
• Based on more than 35 years of industry experience

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

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.

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