What Kinds of Insurance Should a Condo Association Have?

What Kinds of Insurance Should a Condo Association Have?Condominium associations face unique risks, requiring associations to think about their unique insurance needs. Condos face many property threats like fire, wind, hail, theft and vandalism. Associations also face numerous liability risks, each one emphasizing the need for condo association insurance. Here is a compilation of the most important condo association insurance coverages.

General Liability

This is a broad coverage for the kinds of accidents that can occur at your complex relating to general inquiry. The association also has the possibility be sued for damages if the complex fails to provide adequate security and a unit owner or guest is attacked or burglarized. General liability coverage protects the association from lawsuits in these types of situations.  


It is quite simple, if your homeowners association owns property, then it should protect it. This type of coverage does just what is says; insures the property. This policy will cover against vandalism, theft and damage from fires, storms and natural disasters. For adequate coverage, make sure this is part of your condo association insurance package.

Directors and Officers Liability

This protects directors and officers of the condo association if they are sued as a result of their performance on the board. Board members volunteer their time to help make important decisions for the association. This coverage protects them from being held personally liable for decisions they make in that role.

Professional Liability

This coverage protects the organization from errors and omissions committed by employees, contractors, association members, other volunteers, or even management companies. This should be part of your condo association’s overall insurance plan.

Workers’ Compensation

This protects employees who work on the premises from the costs of work-related illnesses or injuries. This is an important component to any condo association insurance program.

All condominium associations establish rules, or bylaws, that govern the complex. The bylaws outline the requirements for condo association insurance, including specific requirements for the coverage the association must have. Consider the benefits of condo association insurance.

About Byrnes Agency

At Byrnes Agency, we offer auto insurance solutions that can be tailored to meet your specific needs. Whether you have an old classic car or a brand-new model, we have the right coverage for you. To learn more about our products, contact us today at one of our two locations.

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