Homeowner Associations, HOA Board of Directors Liability

Condominium Associations : HOA Risk Management

Pensacola-Perdido Key-Destin-Fort Walton Beach-30A

Board of Directors (BOD) Liability for Community Homeowner Associations

Fiduciary Duty: Trust and confidence are imposed on the directors and officers to act in good faith, with prudence and diligence, in the best interest of the members, regardless of cost.

• If a Director or Officer has breached their fiduciary duty, their personal assets are at risk; volunteer members are not relieved of fiduciary duty.
• Upon acceptance of a Director or Officer position....

Insurance: A Directors and Officers Liability Policy offers coverage that protects officers and directors from personal liability for their actions on behalf of the Association. Protection is only available when the following conditions are met:

• Duties are properly performed by the Directors and Officers, within the scope of their responsibilities.
• The Directors and Officers devote the necessary....

Homeowner Association Risk Management

The Board of Directors must be proactive and avoid any appearance of conflict of interest; the BOD should never perform any work for the homeowner association – always use the expertise of unbiased, third-parties to manage risks:

Common Property:.....

Financial/Accounting:.....

For more details, visit - Community Association BOD Liability

Florida Gulf Coast Communities

Perdido Key Florida is a barrier island in Northwest Florida, popular for its' white beaches and emerald waters, beach-combing, fishing and sailing are a part of everyday life. Perdido Key’s unspoiled beaches are the island’s main attractions. nestled in a secluded paradise.

Life’s a beach in Pensacola Florida, where the weather is warm. There are numerous sights for the entire family, including the National Aviation Museum, Fort Pickens and the Pensacola Lighthouse and historic downtown Pensacola.

The great outdoors is a significant attraction for any vacation to Fort Walton Beach - there are two public golf courses, The Oaks and The Pines, while championship courses such as the one at Regatta Bay are close by. Anglers have the opportunity for excellent back-water and deep-sea fishing.
 

In Destin Florida, the Heart of the Emerald Coast, you can choose between exclusive resort homes to laid-back beach get-a-ways, this coastal city with a humble beginning as a small fishing village, it is now an immensely popular tourist destination.

Navarre Florida is a secluded coastal community east of Pensacola on the Florida Panhandle, offering miles of white-sand beaches - a popular family vacation destination, Navarre is situated between the Gulf Islands National Seashore and Navarre Beach County Park.

South Walton/30-A with a sub-tropical climate, offers luxury & tranquility with a variety cuisine, from fresh local-seafood prepared by an award-winning chef to casual dining popular with local & tourist alike.

 Condominium Homeowner Associations : HOA Board of Directors Liability