Overview
Tri-City Binding Authorities has a specialized professional liability program for Community Associations; we offer a suite of coverages designed for their unique needs. Our 10 point Service Promise along with superior coverage gives you and your insured one of the most comprehensive insurance solutions in the industry.
Target Risks
- Property Owner associations up to 2,000 units - Includes Homeowner, Condominium, Townhome and Co-Op Associations
Lines of Coverage
- Directors & Officers (D&O)
- Employment Practices Liability (EPLI)
- Fidelity Bond Coverage (Crime)
- Property/GL/Package
Program Features
- QUOTEit Online™ – online rating and quoting engine; fax or email your quotes, instantly!
- Available nationwide, except Louisiana
- Up to 2,000 units
- Occurrence coverage for former Directors or Officers
- Third Party Sexual Harassment & Discrimination Coverage
- HELPLINE services and PeopleSystems Services included with EPLI purchase - Provides specialized loss prevention service that includes live attorney advice, HR alerts, web resources, and more
- $700 Minimum Premium
- $1,000 Minimum Retention (D&O and EPL)
- $250 Minimum Retention (Crime)
Coverage Features
- Automatically includes property manager as additional named insured
- Defense outside limits for select classes
- Duty to Defend
- Full Prior Acts Coverage
- Unlimited extended reporting period for former Directors & Officers
- Breach of contract and non-monetary damage coverage offered (where available)
Ineligible Risks
- Airports/Airstrips
- Risks where builder/developer has not relinquished control to board of directors
- Sewage Treatment Facilities
- Timeshares/Condos/Hotels
- Greater than 2000 units or average unit value greater than $2,000,000
Availability
- Nationwide, except Louisiana
Download this fact sheet
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Ph: 866.373.5607
bindit@tricityins.com
Fax: 312.876.1394
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