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Carriers |
(1) Rated A++/ IX by AM Best, Admitted Paper
(2) Rated A+/XV by AM Best, Admitted Paper. |
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Limits of Liability |
$1,000,000 to $3,000,000 Higher limits available upon request, up to $10,000,000.
$15,000,000 Excess Directors and Officers Liability is available through the "Common Assurance" Umbrella Program |
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SIR |
$1,000 and higher |
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Minimum Premium |
No minimum premium |
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Eligible Not for Profit Associations |
- Single Family Homeowners Associations;
- Residential and Commercial Condominium Associations;
- Homeowners Associations;
- Planned Unit Developments;
- Townhome Associations;
- Property Owners Associations;
- Cooperatives;
- Timeshares, Interval Owner and Rental Pool Associations;
- Commercial Associations
- Developer-Controlled Boards
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Requirements |
Completed application |
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Included Coverage |
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Full entity coverage; |
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Definition of insured includes: past, present and future directors, officers, property managers and manager employees, entity, employees, volunteers, and committee members; |
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Defense of Monetary and Non-monetary claims;
Defense of Breach of Third Party Contracts; |
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Full prior acts coverage;
Broad definition of wrongful acts; |
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Defense of Failure to Maintain or Obtain Insurance (for most policies);
Employment Practices Liability coverage, including but not limited to wrongful termination, sexual harrassment, and employee discrimination; |
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Third party discrimination; |
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Developer on the board and developer controlled boards are eligible (on most policies); |
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Company has "Duty to Defend" / Pay on Behalf policy language. | |
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Other Benefits |
Defense costs are outside the limits of liability, or additional defense costs limits (for most policies);
Two year policies available on certain policies;
Automatic renewal available on most policies;
Quotes can be provided on program or competitor applications;
Prompt policy issuance;
Policy comparisions can be provided;
Risk management articles, seminars and information available. |
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General Information |
For other coverage and exclusions, please see our application and policy forms; the policy is the controlling instrument.
Rate indications provided are subject to completed applications. Quotes are not provided without thoroughly completed applications. |
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