One question I am frequently asked is the difference between directors and officers insurance (“D&O insurance”), and employee theft insurance or a fidelity bond.
Authors: Community Associations Network National
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When you recruit people to serve on your HOA board, experts recommend that you look for people–like lawyers and insurance brokers–with expertise that can help you make good decisions.
Can you take that concept a step further and hire those board members or their companies when your association needs help? For example, if one of your board members is an association attorney, can you hire that board member’s firm to represent your association in a legal matter? What about hiring a board member who’s a CPA to file your association’s tax returns?