LindaL (Colorado)
Posts: 58
Posts: 58
Posted:
One thing that really gets to me is when you inform the BOD that they are legally liable to the Association and can be sued is their retort that they have D&O Coverage. From the way it sounds, it comes across that they think they can do as they please and will always be protected by D&O Insurance. The Management companies will often times encourage this. Very short-sighted to say the least but I see this all the time.
Linda
Linda