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When the association, the board of directors and/or the community association manager receives a demand or is served with a lawsuit, the potential financial impact on the association’s assets is significant. What must counsel do to determine who will pay the potentially significant defense fees and cost? This session presents a logical sequence for reviewing insurance, contracts and indemnity agreements to make sure each potential source for funding the client’s defense is revealed. In addition, a risk management audit checklist is provided to help maximize potential funding before a suit or demand arrives.
Special Note: This program is a recorded education session from the 2016 CAI Law Seminar.
Duration: 90 minutes
Program Description
When the association, the board of directors and/or the community association manager receives a demand or is served with a lawsuit, the potential financial impact on the association’s assets is significant. What must counsel do to determine who will pay the potentially significant defense fees and cost? This session presents a logical sequence for reviewing insurance, contracts and indemnity agreements to make sure each potential source for funding the client’s defense is revealed. In addition, a risk management audit checklist is provided to help maximize potential funding before a suit or demand arrives.
Speakers:
Joel Meskin, Esq., CIRMS, is vice president of community association insurance and risk management at McGowan Program Administrators. He earned CAI’s Community Insurance and Risk Management Specialist (CIRMS) designation in 2005 and is a member of CAI’s Insurance Networking Committee.In 2014, Joel was accepted as a member of CCAL. Joel has been closely involved with community associations and the community association management business for many years, insuring more than 75,000 associations nationwide, producing insurance policy products and engaging in risk management.
David S. Kasdan is an experienced Senior Attorney at Chubb's Manhattan House Counsel office of Hoey, King, Epstein, Prezioso & Marquez. Over the past two decades he has represented national banking institutions, real estate developers and sponsors, property managers, mortgage brokers, title agents and escrow agents, and a broad cross section of business entities and not-for-profit boards of directors..
Continuing Education Credit
This program provides 1.5 credits 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
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