Community Association D&O
Community Association D&O
Across the United States, there are more than 2,500,000 board and committee members elected to serve their community association.
Serving on a community association board is more than landscaping and lighting; it’s also about leadership that comes with great responsibility and great risk. From disputes over bylaws and maintenance decisions to allegations of discrimination or mismanagement, even well-intentioned board members can face costly litigation.
Kevin Davis Insurance Services, part of Amwins Underwriting, offers community Association Directors & Officers (D&O) insurance coverage designed specifically for associations and their volunteer leaders. It helps protect against claims of wrongful acts, errors, omissions or breach of duty while covering legal defense costs, settlements and judgments.
IT’S A FACT: Community associations with D&O protection are more likely to attract and retain qualified board members, giving residents greater confidence in community governance.
Target classes of business
- Condominiums
- Homeowners’ associations (HOAs)
- Condo/hotel associations
- Co-ops
- Timeshares
- Non-residential condominiums
- Dock associations
- Airplane hanger associations
Program features
- Automatic coverage for property managers
- Employment practices liability included
- No insured vs insured exclusion
- Full prior acts coverage
- Coverage for non-monetary claims
- Defense cost of breach of contract
- No issues with builder or developer on the board
- Association can still be under construction
When challenges arise, you have a partner with decades of experience standing behind your insureds and helping resolve claims, safeguard personal assets and keep their communities moving forward.
Community association D&O program highlights
Availability
- This program is available in all 50 states
Coverage
- Can be written monoline or wrapped with our crime and/or cyber risk
- Primary and excess coverage
- Duty to defend
- Claims made and reported
- Additional defense/defense outside the limits available (subject to underwriting requirements)
Limits
- Up to $5M
Carrier
- AM Best A ++ (Superior)
- Admitted
Submission requirements
- Completed D&O application
- Loss runs
- Financials (if requesting $5M limit)
Check out our claims scenarios
