Community Association – Professional Liability

Product Features

• Defense costs unlimited outside the limit of liability
• Duty to defend with affirmative 100 percent allocation wording
• Defense for Breach of Contract
• Coverage for both monetary and non-monetary claims
• No exclusion for failure to maintain insurance claims (where available)
• Lifetime Occurrence Reporting Provision
• Manager/Management company automatically named as an additional insured
• Defense and Settlement Provision (hammer clause) – 75/25 in favor of the insured
• Carve backs to Insured vs. Insured exclusion
• Punitive damages with most favorable venue wording included automatically (where insurable by law, not available in Alabama and West Virginia)
• Full prior acts coverage
• Employment practices liability included for no additional premium for 10 employees or less
• Third party discrimination and third-party harassment coverage (applicable classes)
• Data & Security+ sublimit included free of charge
• Limits available up to $5,000,000

Eligible Risks

• Homeowners associations
• Townhome associations
• Condominium associations
• Planned unit developments
• Mobile home parks
• Office parks
• Cooperatives (except in New York)
• Retail associations

*Coverage may not be available for all accounts or in all states

*Applications will apply to most markets but in certain circumstances additional applications may be needed

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