In this episode of AMG's 2024 Community Leaders Series Podcast Edition, the topic of discussion is insurance purchasing. Candace Cole, AMG's Director of Operations for the Triad area of North Carolina, provides insights on the acquisition process and the importance of having the right insurance coverage for community associations. The conversation emphasizes the need for minimum insurance coverage required by governing documents and state laws, as well as additional coverages like cyber insurance and standalone directors and officers insurance. The key takeaway is the importance of working with a professional insurance agent who is well-versed in the HOA industry and regularly reviewing insurance policies.

Chapters

00:00 Introduction to AMG's 2024 Community Leaders Series Podcast Edition
00:31 Discussing the Importance of Insurance Purchasing
02:25 The Need for Minimum Insurance Coverage
05:13 Ensuring Coverage for All
07:06 Finding the Right Insurance Agent
08:05 The Role of the Insurance Agent and Attorney
09:24 The Importance of a Strong Insurance Agent
12:27 Exploring Additional Coverages
16:32 Seeking Advice from Licensed Professionals
18:26 Compliance with Beneficial Ownership Information Reporting
19:13 Final Takeaways and Conclusion

In this episode of AMG's 2024 Community Leaders Series Podcast Edition, the topic of discussion is insurance purchasing. Candace Cole, AMG's Director of Operations for the Triad area of North Carolina, provides insights on the acquisition process and the importance of having the right insurance coverage for community associations. The conversation emphasizes the need for minimum insurance coverage required by governing documents and state laws, as well as additional coverages like cyber insurance and standalone directors and officers insurance. The key takeaway is the importance of working with a professional insurance agent who is well-versed in the HOA industry and regularly reviewing insurance policies.
Chapters
00:00 Introduction to AMG's 2024 Community Leaders Series Podcast Edition 00:31 Discussing the Importance of Insurance Purchasing 02:25 The Need for Minimum Insurance Coverage 05:13 Ensuring Coverage for All 07:06 Finding the Right Insurance Agent 08:05 The Role of the Insurance Agent and Attorney 09:24 The Importance of a Strong Insurance Agent 12:27 Exploring Additional Coverages 16:32 Seeking Advice from Licensed Professionals 18:26 Compliance with Beneficial Ownership Information Reporting 19:13 Final Takeaways and Conclusion

Association Management Group (AMG) recognizes that successful community leaders must couple skills and information with their passion to serve their community. Over the last three decades, it has become clear to AMG that well-informed Executive Board members make better community leaders. AMG’s goal is to always help our community leaders be most effective. Working as their partner, it is our pleasure to help provide some of the latest information, skills, and techniques.

Association Management Group (AMG) recognizes that successful community leaders must couple skills and information with their passion to serve their community. Over the last three decades, it has become clear to AMG that well-informed Executive Board members make better community leaders. AMG’s goal is to always help our community leaders be most effective. Working as their partner, it is our pleasure to help provide some of the latest information, skills, and techniques.

Community Leaders Series

Community Leaders Series – Insurance Purchasing

https://api.omny.fm/orgs/e14589b9-3ca7-47f2-b711-ac2a00ccc2a4/clips/21d41deb-7070-4dda-9566-b1b800cfb88d/transcript

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