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What type of insurance does your condo board carry?

Author's Note

Not living in a condo myself, I had a lot to learn during the research process for this article -- much of which I hope will prepare me for a big purchase one day! I actually had no idea that insurance to protect directors and officers existed; considering how much litigation many of them must deal with, it's a good thing that resource exists. One tidbit that didn't make it into the article is that D&O insurance is actually primarily used by corporations and their boards. And when events like the mortgage crisis happen, I'm sure they need it!

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More Great Links


  • Community Associations Institute. "About Us." (July 14, 2012)'s%20Reservation%20of%20Rights%20-%20Part%20I.pdf
  • Gische, David M. "Directors and Officers Liability Insurance." Troutman Sanders LLP. (July 14, 2012)
  • "Duty to defend." (July 14, 2012)
  • Lending Tree. "Condominium Association (Definition)." (July 14, 2012)
  • Olson, Robert A. "The Meaning of an Insurance Carrier's Reservation of Rights -- Part 1]. Association of Business Trial Lawyers. (July 14, 2012)'s%20Reservation%20of%20Rights%20-%20Part%20I.pdf
  • Passante, William G. "D&O Liability Insurance Basics." Anderson Kill & Olick. (July 14, 2012)
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