As a homeowners association (HOA), your responsibility goes far beyond keeping common areas clean and landscaping neat you’re tasked with protecting shared property, ensuring resident safety, and supporting the smooth operation of your community. Without the right insurance in place, one accident, lawsuit, or property loss could put your HOA’s finances and your residents’ trust at risk.
HOAs manage multiple responsibilities that come with serious exposures:
Injuries in common areas. A visitor trips on a walkway in the clubhouse area and requires medical attention.
Property damage to shared structures. Storm damage to HOA-owned buildings like clubhouses, gyms, or pool facilities.
Board member liability. Allegations of mismanagement, discrimination, or wrongful decisions against your board.
Theft or fraud. Crimes committed by employees, board members, or outside parties.
Cyber breaches. Stolen personal data from residents or members stored in HOA systems.
HOA Master Policy – Covers property damage and liability claims related to common areas and shared structures.
Commercial Property Insurance – Protects HOA-owned buildings and facilities (but not residents’ personal belongings).
General Liability Insurance – Covers injury or property damage claims from residents or visitors.
Directors & Officers (D&O) Liability – Protects board members’ personal assets in lawsuits related to decisions they make.
Crime Insurance – Helps cover losses from theft, fraud, or embezzlement.
Workers’ Compensation Insurance – Covers employees who are injured while performing HOA duties.
Cyber Liability Insurance – Protects against data breaches and cybercrime involving HOA information.
Social Host Liability Insurance – Covers liability claims from events hosted in HOA-owned spaces.
Your residents depend on you to maintain and protect the spaces they share. Without adequate coverage, one lawsuit, natural disaster, or dishonest act could strain your finances, damage your reputation, and create lasting conflict in your community. The right insurance plan helps your HOA weather unexpected challenges and continue operating smoothly.
All Assured Solutions