Did you know that FirstService Residential clients have access to an exclusive, competitively priced, best-in-class Directors & Officers insurance policy designed to meet their specific needs? This coverage protects the volunteer board members for any decisions made on behalf of the Association and is a “must have” for all boards, regardless of size. It is important that the coverage include Employment Practices Liability, which is not common in most policies issued, but can protect an association for discrimination or wrongful termination involving employees or third parties.
Our best-in-class coverage includes:
- Defense costs outside the limit
- Full Prior Acts coverage
- Choice of legal counsel
- Employment Practices Liability
FirstService Financial recommends all associations carry a limit of $1,000,000 for with the above coverage enhancements.
Review your current policy and ensure you have proper coverage. Need help? Contact us today for a review!