A condo or co-op board is elected to run the daily business and make most of the decisions for the general operation of the building, including buying insurance. Here’s how they make the right choice:
1.) The price is right
Price is one aspect that a co-op or condo board shouldn’t overlook. Brownstone Agency makes an offer that’s hard to refuse: a three-year prepaid policy that allows the building to lock in this year’s rate — and not see an increase for three years.
2.) The policy has directors and officers liability insurance
Directors and officers liability insurance (D&O) protects the personal assets of condo and co-op board members in the event they are personally sued by residents, employees, vendors, investors, or other parties. Without D&O liability insurance, board members would need to hire their own lawyers to defend themselves.
3.) The service is stellar
Brownstone Agency has condo and co-op associations that have been clients for 50 years. The Brooklyn office is like a family affair. Clients come in for a coffee and get whatever they need for their insurance: increase their limits, decrease their deductible, etc.
And Brownstone Agency handles claims on behalf of the carrier — a true one-stop shop.
To protect your condo or co-op board members, to inquire about locking in a low rate with their three-year prepaid policy, or if you’re managing a townhouse or apartment building, reach out to Brownstone Agency today.