Condo Conundrum: When Board Responsibility Surfaces in a Claim

By | September 30th, 2015|Commercial Insurance, Personal Insurance, Small Business Insurance|

Condo Corp Conundrum: When the Board Has to Pay for a Claim The number one question I always receive from condominium boards and property managers, in particular after reviewing by-laws and attending both board meetings and Annual General Meetings (AGMs), is simple: in the event of a loss, particularly where a unit owner is negligent, why can’t the unit owner be held responsible for all costs associated with the loss. While any given situation can [...]