We have options for Associations of all sizes; everything from small startups to multi-thousand unit complexes: New Construction, Builder/Developer Controlled, Master Associations, Planned Unit Developments.

Have a need but don’t see it listed? Contact us directly! 

704.319.3505      HaLitaker@LitakerInsurance.com

 

 

Where Applicable:

 

Coverage for Buildings & Association Owned Property

• Condominium Buildings
• Townhome Buildings
• Clubhouses, Pools, etc.

Coverage for Property in the Open

• Signs
• Light Posts
• Fencing
• Gazebos

General Liability

• Premises Liability, including Slips & Falls
• D&O Coverage  can be Endorsed to General Liability Policy
• Hired/Non-Owned Auto Liability
• Wrongful Acts Coverage for Board of Directors with Builder/Developer Presence

 

Crime & Fidelity Coverage

• Employee Dishonesty (can include board members & property manager)
• Theft of Association Funds
• Unauthorized Withdrawal, Transfer, or Wire of association funds

Coverage for (in conjunction with the association)

• Waterslides
• Diving Boards
• Lazy Rivers
• Boat docks
• Playground
• Dog Parks
• Ocean, Lake, River, & Other Water Hazards

 

Association Directors & Officers Liability

• Stand-alone Policy or Endorsed Coverage to General Liability Policy
• Coverage for Monetary & Non-Monetary Claims
• Coverage for Committee & Sub-Committee Members
• Defense for Breach of Contract
• Defense Outside the Limit of Liability
• Lifetime Occurrence Reporting Provision
• 3rd Party Harassment & Discrimination
• Employment Practices Coverage (extends to BOD members)
• Additional Insured Status Available for Property Management Company

 

Workers Compensation for HOA’s

• Volunteer Coverage (VC) that treats injuries to volunteers working in an official capacity for the Association as a “work related injury” (meaning first dollar coverage – not excess of personal medical of the volunteer — A volunteer working on behalf of the association is injured during the course of their duties. The association should (and ultimately may be required to) treat that injury as “work-related” thereby requiring benefits owed under the labor code.
• “If Any” Protection for the Association — An employee of an uninsured contractor is injured at the association and the employer has not provided proper coverage. The association may be required by the local Labor/Industrial authorities to step in as the “employer” as it relates to benefits owed that injured employee
• Average Annual Premium Cost: $570  (as of 7/19/2017)

Umbrella Policies for Additional Peace of Mind

• Coverage limits from $1M thru $50M in additional liability
• A Rated from AM Best
• Developer Sponsored Boards are Eligible
• High Rise & Apartments up to 35 STORIES are Eligible
• Umbrella can be excess of Directors & Officers, General Liability, Auto Liability, Employee Benefits, Employers Liability (Workers Compensation)

1-Year & 3-Year Policy Terms

Claim Free Discounts