Risk management is the process of making and carrying out decisions that will minimize the unfavorable effects of accidental losses on a community association.
We can assist the Board of Directors in securing the appropriate coverage for property and liability insurance. We have extensive contacts within the insurance industry to help the Board of Directors secure coverage at a reasonable rate.
We can assist the Board of Directors in developing an insurance program that offers the appropriate coverage and defines the different types of insurance and endorsements a community association needs:
- Property and Liability
- Umbrella
- Directors and Officers (covering the actions of a board as a whole)
- Workers compensation
- Building Ordinance
- Boiler and Machinery
- Flood
We can also aid in:
- Analyzing the association’s exposure to possible loss
- Explore alternative risk management techniques
- Determine appropriate risk management techniques
- Implement the techniques and monitor the results
- Prepare bid requests
