Directors & Officers Liability Insurance

At McDaniel Insurance Agency we are on a mission to educate Directors, Officers and volunteer's that their personal assets may be at risk for decisions they make on behalf of the association.  Our goal is to provide all associations with specialized Directors & Officers Liability coverage.  

It is vitally important that a Board understands the coverages and exclusions in their Directors & Officers policy.  Not all D&O policies are created equal or provide the necessary coverages needed to provide adequate protection.  Package D&O coverages are often very restrictive.   At McDaniel Insurance Agency we will review the association's current D&O policy to determine if it includes the following important policy features which are found in a specialized policy:

  • Coverage for libel, slander, defamation, publishers liability and personal injury
  • Covers punitive and exemplary damages where insurable under applicable law
  • Covers lawsuits and allegations involving wrongful termination, discrimination, and general breach of fiduciary duty
  • Provides coverage for the independent community management company
  • Full Prior Acts Coverage
  • Coverage for directors, officers, trustees, employees, volunteers and committee members
  • Spousal and domestic partner extension
  • EPL provide coverage for discrimination, retaliation and coverage for mental anguish and emotional distress
  • Defense coverage for breach of contract claims
  • No Noise Exclusion 
  • Wrongful Foreclosure
  • Duty to Defend
  • Provides coverage for monetary and non-monetary claims

Note: This is a general list.  Additional coverages may be needed

Directors & Officers liability policies typically provide between $1 million - $3 million in liability coverage to protect the Board.  Additional liability coverage can be obtained for additional protection through the purchase of an Umbrella policy

Contact McDaniel Insurance, your community association insurance specialist, to provide your Kentucky condo association with the customized, comprehensive coverage it deserves. Call 502.909.0920 or email