To avoid personal liability in excess of the association's insurance limits, boards must maintain at least minimum levels of
D&O Insurance for associations with
100 or fewer separate interests and for those with
more than 100 (see
Civ. Code §5800(a)(4)).
Additional insurance coverage can be added through
umbrella policies at very reasonable costs. Also see
occurrence v. aggregate.
Limits on Protection. Protections against personal liability are limited as follows:
Recommendation: Due to the litigious nature of California residents, boards should obtain more than just the minimum levels required by statute.
ASSISTANCE: Associations needing legal assistance can
contact us.
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