(847) 870-7000
Condominium Insurance Specialists of America:
Community Association Specialists
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Protects directors, officers, trustees, employees, volunteers, and committee members, as well as the community association with a broad definition of claim
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Includes a "duty to defend" feature that provides legal defense for allegations of wrongful acts
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Provides coverage for monetary and non-monetary claims
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Covers lawsuits & allegations involving wrongful termination, discrimination, & general breach of fiduciary duty
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Provides coverage for management company
In the state of Illinois, it is mandatory for Associations to have Directors & Officers Liability coverage. This policy protects directors, officers, trustees, employees, volunteers, and committee members as well as the associations themselves from various management liability risks. These exposures can include breach of fiduciary duty, wrongful cats, breach of contract, etc.