Houston, Texas-based Skyward Specialty Insurance Group, Inc. is expanding its Management Liability solutions by offering targeted directors and officers (D&O) coverage to Non-Standard Non-Profit Condominium and Homeowner Associations (HOA).
With the new coverage, Skyward Specialty says board members of non-standard, or distressed HOAs can manage their association more effectively without the distractions that come from litigious homeowners.
Non-Standard HOA coverage specifically targets associations with prior claim activity, assessment issues, declining property values, high foreclosure rate, unsuccessful new development or insolvency exposures. Board members of HOAs in this condition regularly must make difficult decisions while managing the association, often encountering claims and threats of legal action.
Skyward Specialty is a specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis.
Source: Skyward Specialty
Topics Texas Excess Surplus
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