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.
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- OVERVIEW
- ADVANTAGES
- COVERAGE
- LIMITS
- PREFERRED CLASSES
- RESTRICTED CLASSES
- CONTACTS
- APPLICATION
- SUBMISSIONS
- DETAILED MARKETING SHEET
Overview
The ACE Commercial Risk Services Community Association product offers competitive pricing for most types of associations and board coverage.
Advantages
- Expertise: We are one of the largest specialty-lines insurers in the United States; we are experts in protecting small businesses.
- Competitiveness: We apply our focus and expertise to keep our products and prices among the best in the business.
- Reliability: Our outstanding financial strength makes us one of the most reliable insurers of small businesses.
- Accessibility: We work with some of the best insurance brokers and program-managers across all fifty states.
Coverage
- Defense outside the limit
- Defense costs coverage for breach of contract claims
- Coverage for non-monetary claims
- Unlimited extension
- Automatic coverage for the property management company
- Business owners package coverage, including GL and blanket property
Limits
Directors & Officers and Employment Practices
- $5 million limit available
Business Owners Package for homeowners associations under 100 units
- General Liability - $2 million/$4 million limits available
- Property - $300,000 blanket coverage available (excluding buildings)
Preferred Classes
- Residential Condominium Associations
- Homeowner Associations
- Retail Associations
- Cooperatives
- Property Owner Associations
- Dock Associations
- Office/Industrial Parks
- Mobile Home Parks
- Planned Unit Developments
Restricted Classes
- Master Associations
- Rental Associations
- Condo-hotels
- Timeshares
Contacts
| Name | Number | |
|---|---|---|
| Lindsey Lewis | 484 321-4106 | lindsey.lewis@acegroupx.com |
Applications
Submissions
Send submissions to: ACEpro@acegroupx.com or call 888.762.9223
