Tag: D&O Insurance
What HOA’s Need to Know about D&O Insurance
Good board members are hard to find never mind retain. The board is made up of volunteer unit owners responsible for enforcing the rules and by-laws of the association. Some unit owners view the board as a bit of a drill sergeant. In the rule-breakers eyes, the board does things too much “by the book.” […]
read more »Directors and Officers Insurance for Your Condo Association
If you joined the volunteer board of your condo association, you likely have good intentions. You care about your community, want to see it improve, and are willing to invest time and energy in it. Unfortunately, lawsuits are filed everyday against volunteer board members. They are usually based on allegations of negligence, whether minor or […]
read more »What is D&O Insurance?
Directors and Officers Liability Insurance, often referred to as D&O Insurance, is liability insurance payable to directors and officers of the company, or the company itself, as reimbursement—indemnification—for loses or legal defense costs in the event wrongful acts are brought against a director or officer in their capacity as their respective office. Depending on the […]
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