Some frequent lawsuits are brought for breach of duty, negligence, director and/or officer errors and omissions in the exercise of their official duties.

It provides financial indemnity for defense and judgment costs based on decisions that caused financial loss to the Condominium Board of Directors.

Financial compensation arising from a judicial judgment.

Attorney fees and fees to defend current, past, and future directors, their heirs and/or legal representatives in case of death.

Coverage limit: $100,000 minimum limit per claim and annual aggregate up to the $1,000,000

Deductible:  $5,000 minimum deductible up to $25,000 deductible per claim

Competitive premium

Premium financing available

Coverage provided by a purely local (Puerto Rican) company

Coverage for past, present and future directors and officers