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Directors & Officers.

Critical coverage for community association board members.

This program is designed to protect not-for-profit community association board members from lawsuits that result from actions or decisions made while they are serving. Established in 1999, the Directors & Officers Program is one of Distinguished Program’s flagship products. It is a top-of-the-line, stand-alone policy underwritten by a carrier with a high level of expertise and commitment to this line of business.

Key advantages

  • First dollar defense
  • One step, online quoting and policy issuance
  • Defense outside the limit of liability
  • Defense for breach of third party contract
  • Broad definition of insured - includes those performing property management services
  • Simple application
  • Legal Concierge – Hotline for insureds to gather general advice from a nationally recognized, and carrier approved, law firm
  • Financials not necessary to bind
  • Cyber Liability for digital breaches of data, including credit monitoring for affected parties
  • Low minimum premium

Eligibility

  • Homeowners associations (HOA)
  • Condominium associations (COA)
  • Cooperatives (CO-OP)
  • Planned unit developments (PUD)
  • Property owners associations (POA)
  • Timeshares / intervals
  • Commercial condominiums
  • Mixed-use condominiums

Coverages & Limits

  • Coverage limits of $1 million, $2 million, or $5 million are available.
  • Defense expenses are in addition to the limit of liability 
  • Defense for non-monetary damage allegations
  • Defense expenses are not subject to the retention
  • Breach of contract coverage providing costs of defense for claims alleging an insured's breach of a third party contract
  • A duty to defend the association and its members
  • No individual insured vs. individual insured exclusion
  • Protection for monetary damages or other (injunctive) relief
  • Punitive damages protection where allowed by law
  • Broad definition of wrongful acts, including: any error, misstatement, misleading statement, act, omission, neglect or breach of duty actually or allegedly committed or attempted by the policyholder or any insured individual in their capacity as such, or any matter claimed against any insured individual.
  • Broad definition of claim
  • Payment for losses on the policyholder's behalf, which eliminates the need for the association to pay and then be reimbursed by the insurance company

Protection for a wide range of insureds, including past, present or future:

  • Directors and officers
  • Volunteers
  • Committee members
  • Trustees
  • Executives
  • Spousal and estate
  • Employees of the association
  • Property management professionals
  • Builders and developers, as members of the board

Broadly defined employment practices liability, which includes automatic coverage for:

  • Wrongful termination
  • Employment-related misrepresentation
  • Violation of employment laws
  • Sexual harassment
  • Discrimination
  • Wrongful failure to employ or promote
  • Wrongful discipline
  • Wrongful deprivation of career opportunity
  • Negligent evaluation
  • Retaliation
  • Failure to provide adequate work place policies or procedures

The coverage information outlined here is a guideline only. Please refer to the actual policies for full terms, conditions, exclusions, and limitations. In the event of a conflict between this document and the actual policies, the policies will control.

Insurers

  • Great American Insurance Company

Additional coverages to consider

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