https://cowielawgroup.com/director-and-officer-immunity-maryland-condominium-hoa-law-attorneys/ A Construction, Condo, Business and Litigation Law Firm Thu, 12 Dec 2024 00:28:12 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://cowielawgroup.com/director-and-officer-immunity-maryland-condominium-hoa-law-attorneys/#comment-1680 Fri, 11 Aug 2023 11:25:07 +0000 https://cowielawgroup.com/?p=12890#comment-1680 […] Review association insurance coverage obtained during the period of developer control. Make sure coverage complies with governing documents, industry standards, and applicable laws (e.g., master policy, property insurance, comprehensive general liability insurance, fidelity insurance, directors and officers/errors and omissions policy). In the event of a lawsuit, having proper coverage will not only provide the association with a legal defense and pay any judgment, but can also provide immunity to members of the board of directors and officers as well as cap association liability to the amount of insurance coverage. For a more details regarding the  types and levels of insurance that provide  immunity to directors and officers of Maryland Condos and HOAs, see article “Statutory Immunity From Lawsuits for Condominium and HOA Directors and Officers.” […]

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