Coverage Highlights*

• 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

• Defense expenses are in addition to the Limit of Liability in their capacity as such (when GAIC counsel is used)
• Defense for non-monetary damage allegations
• Defense expenses are not subject to the retention (when GAIC counsel is used)
• Breach of Contract coverage providing Costs of Defense for claims alleging an insured's breach of a 3rd party contract.
• A duty to defend the association and its members
• No individual insured vs.individual insured exclusion
• 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

• Protection for monetary damages or other (injunctive) relief
• Defense for non-monetary damage allegations
• 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
• Automatic 90-day reporting period for no additional premium (if GAIC cancels or non-renews)
• 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
  
  

*The coverage information outlined herein is a guideline only; 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.