About This Coverage

In community associations nationwide, board members' personal assets are at risk for decisions they make while administering by-laws. Insuring these boards can be tough in today's market, as claims escalate and insurance premiums increase. It's more important than ever to make sure you are offering the best insurance solution to your clients.

State Eligibility

Eligible State

State Not Available

Industries Available

  • Real Estate Rental and Leasing

Coverage Limits

Up To



Key Features


  • D&O/EPL Limit Up to $5 million
  • Defense Outside the Limit
  • Defense Costs Coverage for Breach of Contract Claims
  • Coverage for Non-Monetary Claims
  • No Consent to Settlement Provision - (Hammer Clause)
  • Unlimited Extension (for claim reporting endorsement)
  • Automatic Coverage for the Property Management Company

Preferred Classes

  • Dock Associations (Ineligible for Package)
  • Homeowner Associations
  • Mobile Home Parks (Ineligible for Package)
  • Office/Industrial Parks
  • Planned Unit Developments (Ineligible for Package)
  • Property Owner Associations
  • Retail Associations

Restricted Classes

  • Master Associations
  • Rental Associations
  • Condo-hotels
  • Timeshares

Eligible Vehicle Types



Vans & PPVs

Liability Coverages

Underwriting Guidelines

Additional Coverage Options


  • Property coverage for fences, signs, lights, and buildings
  • Extracurricular exposure coverage for playgrounds, pools, and tennis courts
  • Business Owners Package coverage, including GL and blanket property
    • General Liability: $2,000,000/$4,000,000 limits available
    • Property: $300,000 blanket coverage available (excluding buildings)
  • Additional Endorsements
    • Money & Securities, Water Back-up with Sump Overflow, and Privacy Liability with Data Breach

Submission Requirements

  • ACORD Application, fully completed and signed
  • Supplemental Application
  • Expiring D&O/EPLI Declarations Page (if applicable)
  • Five years of loss runs for all lines
  • Send submissions to quotes@ospreyuw.com