Association Safeguards: A 12-Step Program to Protect You and Your Association

Twelve Steps to Safeguard You and Your Association

  1. Have your attorney conduct a legal audit/checkup
  2. Have all insurance policies reviewed by your attorney for coverage, as well as compliance with your governing documents.
  3. Amend your Articles of Incorporation to limit board member liability for breaches of fiduciary duty.
  4. Amend your Bylaws to provide for broad indemnification (reimbursement) of directors.
  5. Amend your Declaration to eliminate obsolete, poorly worded and unworkable provisions.
  6. Upgrade your D & O insurance to provide comprehensive coverage for acts including injunctive relief, and for individuals, including committee members and your manager.

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