Non-Members: $99 (Join CAI and Save!)
Community associations face ever-increasing challenges to the actions and authority of their boards, and the issues involved are often personal and highly emotional. Learn how to protect your board from allegations of loss resulting from mismanagement and wrongful acts, including rules enforcement, breach of duty, neglect and discrimination claims. This webinar covers the major elements of directors and officers (D&O) liability insurance coverage and includes information to help your board make an informed buying decision.
Duration: 60 minutes
Community associations face ever-increasing challenges to the actions and authority of their boards, and the issues involved are often personal and highly emotional. Learn how to protect your board from allegations of loss resulting from mismanagement and wrongful acts, including rules enforcement, breach of duty, neglect and discrimination claims. This webinar covers the major elements of directors and officers (D&O) liability insurance coverage and includes information to help your board make an informed buying decision.
Topics
- Who should be covered by a D&O policy?
- What types of claims occur?
- What is the distinction between monetary and nonmonetary damage claims?
- What are common policy forms and exclusions?
- What can associations do to minimize the likelihood of a D&O claim?
Speakers
Douglas J. Henken, CIRMS, heads the mid-Atlantic marketing office of Community Association Underwriters of America (CAU). One of the first recipients of the Community Insurance and Risk Management Specialist (CIRMS) designation from CAI, he served on the board of CAI's Washington Metro chapter from 2000-2006 and chaired the chapter's membership and marketing committees. Currently a member of CAI's national faculty, Henken teaches the M-205: Risk Management course. He has presented educational programs on community association insurance at CAI annual conferences, as well as at chapter seminars.
Nancy K. Cannan, CIRMS, is executive vice president of marketing of CAU. She has specialized in the community association field throughout her 37 years in the insurance industry and has been with CAU since 1989. Cannan has been an active member of CAI since 1984 and was among the first group of insurance professionals to receive the CIRMS designation. She serves on the membership committee of CAI's Washington State chapter and is a past member of the board of directors. A member of CAI's national faculty, Cannan has been a speaker and panelist for numerous local and national events and has written articles for various publications.
Suggested Reading
Insurance: How Community Associations Protect Themselves
Risk Management: How Community Associations Protect Themselves
Continuing Education Credit
This program provides one credit toward:
- Certified Manager of Community Associations recertification
- Association Management Specialist redesignation
- Professional Community Association Manager redesignation
To earn credit, you must be personally registered for this program and print the certificate of completion to document your participation
Manager Certifications and Designations
Certified Manager of Community Associations (CMCA®) / Association Management Specialist (AMS®) / Professional Community Association Manager (PCAM®) / Large-Scale Manager (LMS®)
Management Company Designation
Accredited Association Management Company (AAMC®)
Service Provider Designations and Distinctions
Reserve Specialist (RS®) / Community Insurance and Risk Management Specialist (CIRMS®) / Educated Business Partner
