General Liability - Protecting Your Condominium Community
General Liability claims in a condominium community are more common than you may think. Florida Condominium needs are unique and we are here to answer any questions you may have.
Three simple options
There’s a wide range of covered losses that general liability insurance protects you against. These losses include:
Slip and fall and other related medical injuries to a Unit Owner or Guest are typically about 80% of the liability claims we see.
Condominium Bylaws stipulate many maintenance requirements of the Board and the Association. If any deferred maintenance leads to a loss, your General Liability may need to step in to protect the community.
A well covered policy will include Legal defense coverage with NO LIMIT. This is just the defense portion of the claim and not the actual claim settlement if there is one.
Here are a few benefits of having general liability insurance:
Your Condominium Association is protected.
- The Legal Fees from claims and proceedings have the potential to decimate your associations financials. General liability protects you from that happening.
It’s a comfort for your residents.
- Your residents will be covered for all common areas owned by the community. Without this, your residents would still be collectively liable.
You’re staying within the law.
- Florida Statute requires your association to purchase this viable coverage.
Questions about general liability insurance? Ask an expert.
At Chapman Insurance Group, our agents can answer any questions you may have about general liability coverage for your COA. Get in touch with one of them today.
General liability near you.
CIG provides general liability coverage to condominium associations in Port Charlotte, Punta Gorda, Cape Coral, Fort Myers, Bonita Springs, and Naples, Florida.