Consider these scenarios: A long-time member of a board of directors decides to fund his gambling habit with subdivision assessments. A condo manager transfers condo money into a fake maintenance company, actually paying herself.
Similarly, can you believe a condo board of directors can be responsible for intervening in racial slurs between neighbors? What happens if the board looks the other way and allegations are brought against the board for omitting their duties?
Cases of crime and embezzlement in community associations are undeniable, and they range in boldness and severity. Directors & officers policy defects, meanwhile, can leave your condo clients uninsured.
For true tales and tips on protecting your condo clients with a better fidelity policy, register for the Big “I" Virtual University's (VU) upcoming Condo Cases of Crime and D&O Defects webinar, to take place April 11 at noon-1:30 p.m. During the session, instructor Karen O'Conner Corrigan, who has 33 years of experience specializing in community associations, will share how the right D&O policy can provide a solution.
In addition, participants will learn about:
- The many facets of fidelity insurance that are critical to condos, including the newest coverage that protects your condo boards from trickery.
- Whether a property management company should carry its own fidelity insurance or be covered under the condo's policy.
- D&O policy exclusions to avoid.
- Types of claims covered under a broad D&O policy.
Like other VU webinars, registration includes the live presentation, on-demand recording link and a written transcript.
View the complete 2018 VU education calendar for information on this and other webinar events, and send questions to VU staff.