General Liability (CGL) - This insurance protects against claims others may make against the association. The four coverages provided are bodily injury, property damage, personal injury, and advertising injury. Coverage applies to accidents that occur during the policy and are subject to policy limits. Homeowners are also covered as additional insureds. There is usually no deductible.

Directors & Officers (D&O) - Disputes can and do arise over assessments, liens, and DRV's. D&O protects the association and its directors from claims of mismanagement. Coverage is provided for claims that are made against the association during the policy period, subject to the 'prior claims' or retroactive date. A deductible for each claim applies.

Commercial Property Insurance - Most associations have some commonly owned property. The property should be insured for its full replacement cost. This is likely not the same value that is on a reserve study which identified the cost to repair various items. It is important to have and review at Statement of Values every year. Property is subject to a deductible per claim. Often there is a separate, higher deductible for wind/hail.  A wind/hail deductible buy-down may be available.

Fidelity/Crime - This coverage protects against the theft of cash by an employee - which, for community associations, includes directors, officers, and volunteers. The FHA and some states require condos and other community associations to carry this coverage with the management company named an additional insured.

Non-owned Auto - This insurance protects the HOA in the event someone who is driving on association business is involved in an accident and does not have adequate insurance to pay for all the damages.

Workers' Compensation - Many associations do not have employees. However, some courts have held homeowners associations responsible for paying workers' compensation benefits to employees of uninsured vendors injured while working for the association. Insurance is available that provides no-fault medical coverage if volunteers, board, or committee members working at the board's direction get injured.

Umbrella/Excess Liability - This policy provides additional limits of insurance for liability claims, Coverage should be excess of commercial general liability, auto liability and D&O. Every association should consider this relatively inexpensive additional coverage.