My question involves a condominium located in the State of: Florida
A 6 unit condo building is currently governed by it's board of owners. The board is concerned about liability, and has asked for all owners to sign a hold harmless agreement. The alternative is to purchase Directors & Officers Liability Insurance, which I'm told is $800/year.
I don't know the pluses and minuses of these options. Can anyone with experience share?
A 6 unit condo building is currently governed by it's board of owners. The board is concerned about liability, and has asked for all owners to sign a hold harmless agreement. The alternative is to purchase Directors & Officers Liability Insurance, which I'm told is $800/year.
I don't know the pluses and minuses of these options. Can anyone with experience share?
Boards and Associations Should I Sign a Hold Harmless or Pay for Insurance
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