What do one of the world's leading retailers have in common with a professional baseball team and the dentist's office across the street from your office? The answer is that they have all been recent victims of a cyber-attack.
Understanding the four levels of "insured" status and each one's relationship to the coverage provided allows improved preparation and planning in the initial design and implementation of the insurance program.
Legal liability is liability imposed by law on the person or entity responsible for the financial injury or damage suffered by another party or individual and can arise from intentional acts, unintentional acts or contracts.
Condominium and other Homeowner Association, no matter what type, need Director & Officer Liability coverage. Unfortunately not all policies are created equal and not all boards feel coverage is necessary.