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Insurance Avoiding Conflicts of Interest
2017 August Avoiding Conflicts of Interest

Successful association or cooperative living requires harmony between all parties involved, from management to staff to board to residents. Should one of these groups put their own self-interests above the common good, the wheels can come o…

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Insurance Insurance Law
2017 August Insurance Law

Insurance liability is a very important issue for a condo or HOA association or a condo board. Most have built up a good relationship with their insurance agents or brokers, and many are content to leave the details to the pros.  However, …

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Insurance Indemnity Clauses
2017 August Indemnity Clauses

Whether a small service contract for something like snow removal, or a larger initiative like replacing all the windows in a building or HOA, boards and property managers have to exercise extreme due diligence before signing on the dotted l…

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Insurance Insurance Basics
2017 August Insurance Basics

For many people, insurance seems like its own mysterious realm, filled with terminologies that sound formidable and enigmatic. At the same time, people also understand the profound importance of insurance and what it can mean for the safety…

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Insurance How Important is D&O Insurance?
How Important is D&O Insurance?

Directors and Officers (more commonly called D&O) insurance protects individual board members from paying out-of-pocket for legal expenses resulting from good-faith decisions they make in the course of carrying out their duties. Here, an in…

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On The Board Expediting the Co-op Application Process
Expediting the Co-op Application Process

The co-op application process is one of rigor and induced anxiety, whereby aspiring shareholders are scrutinized not only for their finances, but their character and demeanor as well. The length of the review varies by association, but it o…

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Law & Legislation Controlling Legal Costs
Controlling Legal Costs

Lawsuits are expensive endeavors, period. But what about everyday legal costs - contract vetting, sending documents back and forth, assessing prospective purchasers' information, and so forth? How can boards keep a lid on those expendit…

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