This product targets condominium and homeowners associations up to 1,000 units.

Risks With Highest Hit Ratio!

• Up to 500 units.
• 100% of the total number of units have been sold.
• Average unit values under $500,000.
• At least 3 years in operation.
• Up to 10 employees.
• No directors and officers, employment practices, 3rd party discrimination or 3rd party sexual harassment claims or incidents in the past 5 years.
• The following classes:
• Condominiums
• Homeowners
• Townhomes
• Planned Unit Developments (PUD)



Eligible Risks With Next Highest Hit Ratio!


Includes all of the above characteristics except where amended below -


• 501 - 1,000 units.
• At least 70% of the total number of units have been sold.
• Average unit values $500,000 to $1,000,000.
• Less than 3 years in operation.
• Over 10 employees.
• Associations that have had an election challenged in the past 5 years.
• 1 or 2 directors and officers or employment practices claims or known incidents that may lead to a claim in the past 5 years.
• The following classes:
• Business parks
• Mobile Home parks
• Recreation vehicle parks



Product Advantages



• A++ rated carrier.
• Employment practices liability coverage provided for no additional premium for associations with 10 or fewer employees.
• Defense costs outside the limit of liability.
• Unlimited extended reporting period for former directors & officers.
• No breach of contract exclusion.
• Automatic Additional Insured coverage for the property manager.
• Punitive damages, where insurable by law, included automatically.
• Duty to defend.
• Full prior acts coverage.



Program Limits & Retentions



• Limits up to $5,000,000.
• Retentions start at $2,500.