D&O Insurance

Since our HOA is rather small (no facilities and few issues), we hired a manager who runs is business out of his home. He collects our annual dues, keeps our financials and makes any violation notices.

In his contract stipulates that he be included under our
D&O insurance policy.

Is this a standard procedure or is it even proper?

Thanks for any input.

Phil
Board Member in AZ

Phil:

MC do require that HOA's add the MC onto their insurance as an "additional insured". The reason for this is that they are to have the right to access common areas on behalf of the HOA, also that they are acting as an Agent on behalf of the HOA. So it is not uncommon, nor is it illegal.