Directors & Officers Program Highlights Include:

• Minimum Premium of $880 in most states
• True duty to defend form providing first dollar defense available on most accounts
• Defense Costs outside policy limits for Loss, with separate limits for Defense Costs not to exceed policy limits or $1m
• Protects directors, officers, trustees, employees, volunteers and committee members, as well as the community association with a broad definition of claim which includes arbitration
• Property Manager automatically covered for both acts as a property manager for the community association and where sued vicariously for the acts of the association board
• Has a “duty to defend” feature that provides legal defense for allegations of wrongful acts and covers associated defense costs
• Automatic coverage for the builder/developer while acting as a member of the Board
• Defense of claims for failure to obtain or maintain adequate insurance
• Provides claims made coverage with reporting of claims as soon as practicable from the date any Executive Officer has knowledge of a Claim, and in no event later than ninety (90) days after the end of the Policy Period
• Definition of Claim includes demands for monetary and non-monetary relief
• Covers punitive and exemplary damages where insurable under applicable law
• Defense of suits arising out of a breach of contract
• Covers lawsuits and allegations involving wrongful termination, discrimination, and general breach of fiduciary duty
• Provides coverage for an independent community management company
• Agents take advantage of our industry-leading web-based underwriting and policy servicing
• Agents are able to quote, bind, and issue the policy all online with one short visit to our web-site
• Independent Agents & Brokers looking for community Insurance solutions should look no further!

*Warning Statement: This literature is a summary only and does not include all terms, conditions, exclusions of the coverage described. Please refer to the actual policy issued for complete details of coverage and exclusions.