Association Insurance in Florida

Boca Raton, Delray Beach, Boynton Beach, Palm Beach, Martin, Dade, Saint Lucie, Broward County & the surrounding areas

At Park & Associates we believe that your association is not just where you live, but it is your home and we treat it as such. We take a comprehensive look at your risks and tailor solutions specifically to fit the needs of your association. Let us protect your association while you enjoy the lifestyle it affords. Fill out the form or upload your current insurance and association documents using the links below. One of our insurance advisors will reach back out within 24 hours to discuss a potential partnership!

Why Buy Association Insurance?

While each homeowner or unit owner is required to carry their own insurance policy, there are still significant gaps not addressed by these policies that leave the association and its residents at risk for loss. That is why we recommend working with a trusted advisor who will represent you to the marketplace in order to secure the best insurance terms possible. Luckily for you, that is exactly what we do at Park & Associates!

What is at Risk?

Think about the potential property your association is responsible for – buildings, general grounds, swimming pools, parking areas, tennis courts, etc. The list can go on and on! The bylaws of the association will specify what is owned by the association and how it must be insured. Let us review your bylaws to determine the best course of action.

From a Crime perspective, employee dishonesty in the handling of association funds is your biggest exposure. Let us talk to you about risk control measures along with insurance options to enhance your protection.

There is also a premises liability exposure coming from the use of communal areas the association is responsible for maintaining. All buildings should meet life safety codes regarding smoke and fire detection, fire extinguishers, and carbon monoxide detectors. To prevent slips and falls, all premises must be well maintained. Association common property such as parking lots and sidewalks need to be in good condition, generally level and free of exposure to slips and falls. Swimming pools, exercise facilities, and playgrounds should be limited to members and their guests and properly maintained to minimize risk.

Minimum recommended coverages for your association:

• Building
• Business Personal Property
• Employee Dishonesty
• General Liability
• Directors and Officers Liability
• Umbrella
• Hired and Non-owned Auto
• Flood
• Environmental Liability
• Cyber Liability
• Equipment Breakdown