Director and Officer Liability

On October 14, 2011, Corey Harris explained Florida’s standard of director’s liability in his blog post, Am I Personally Liable Simply For Being A Director? As he noted, “[t]he longstanding precedent discussed in Munder v. Circle One Condominium, Inc., 596 So.2d 144 (Fla. 4th DCA 1992), provides that directors are immune from individual liability unless a crime or fraud has been committed or there has been self-dealing or unjust enrichment. As a result, negligent actions are not individually actionable, even if such actions are clearly wrong.”

Continue Reading It’s Important for Associations to Maintain Liability Coverage for Board Members

The December issue of Florida Community Association Journal ran my article, "Directors and Officers Liability Coverage: What Every Board of Directors Member Needs to Know."  While I am certain that many think the only insurance law we practice is property insurance, our firm handles a variety of first and third party insurance coverage disputes and bad faith cases.

The important issue for Condominium Boards is that most Director and Officer liability policies exclude coverage for errors in obtaining proper insurance coverage. I think this is the largest potential error a board may face. The most prevalent issue is underinsurance.

Continue Reading Condominium Boards Especially Need To Insure To Value