Workers’ compensation is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job. Employers—and, in the case of some co-op and condo boards, corporations th…
It seems like the everyday operating expenses of condos and HOAs just keep going up and up—fuel costs, staff salaries, physical repairs and the cost of cleaning supplies and other materials have all crept up (or shot up) in the last coup…
Every month, HOA residents pay monthly fees that are in turn used to pay for a variety of association necessities. One of those necessities is insurance coverage for their buildings and grounds. This isn’t the same as homeowner’s insuran…
Common sense notwithstanding, a lot of co-op and condo owners don’t have the adequate liability and property insurance they should have. Too often they assume that their building association has insurance coverage that will automaticall…
Like it or not, e-mail is a permanent fixture of contemporary business communications. In real estate, board members and property managers use e-mail to discuss the most official and the most personal matters of their lives, from sched…
It is an annual rite of passage for owners of co-ops and condos. Once a year or thereabouts, they gather in a common area—in my old building it was the basement, right off the washers and dryers—and vote for next year’s board. Sometimes …
When an insurance issue comes up, most people will call their broker with simple instructions: “Handle it.” While this approach is not uncommon, it is becoming increasingly dangerous to “abdicate” rather than delegate. Insurance and risk…
In order to understand circumstances in which you might not be covered by your D&O policy, you must first ask the question, “Where does a community association’s D&O policy fall within the entire insurance puzzle?” Second, “Are all D&O po…
Q Our board has a question that we would very much appreciate general input on. Below is our bylaw concerning assessments. We are considering placing an assessment to balance the tax rebate and are wondering if we can do this, if no s…
Q I have a neighbor whose door is just across from mine and whenever she enters her apartment, she closes her door with a very loud bang. Sometimes, I am asleep and I wake up and can’t go back to sleep. This has been going on for years…