In 2024, according to the Foundation for Community Association Research, there were more than 2,500,000 community association elected members of boards of directors and appointed committee members in the U.S. That is why safeguarding against employee dishonesty is vital, as any fraudulent activity by an employee, board member or property manager can be costly to a community association. 

Any organization must maintain strong and enforceable internal controls; however, even the most carefully designed controls may not prevent a trusted employee or member from committing fraud. Community associations and HOAs  could fall victim to fraudulent impersonation, forgery, theft, embezzlement, counterfeiting, social engineering and much more. Make sure your client’s community association is protected against any financial setbacks that could result from theft and other related crimes. 

Focusing on protection and the resources community associations need, Amwins Underwriting provides two community association crime programs that serve a diverse client base:

Community Association Insurance Solutions’ Crime Insurance Program offers best-in-class coverage that protects the insured against theft of money, securities or other property by an employee or property manager. Premiums start below $200. Short and long-term policies available. Click here for more info on policy features and coverage details. 

Kevin Davis Insurance Services’ Crime Insurance Program provides essential protection to community association boards and their property managers, guarding against risks involving social engineering, embezzlement, check forgery and theft. Primary and excess coverage available monoline or wrap. Click here for more info on policy features and coverage details.