The Top 10 Association Insurance Questions - Part 8

Today we discuss the eighth installment of "The Top 10 Questions asked by Board Members and Community Managers Regarding HOA and Condo Association Insurance." 

By: Brian J. Finnerty (CIC), Area Sr. Vice President, Arthur J. Gallagher Risk Management Services

Question 8:
Does my association need work comp?

Work Comp is a statutory coverage and whether or not you have to carry work comp is typically outlined by your state. It provides protection to “Covered” employees for on the job injuries. In any association where there are paid W2 employees we always recommend this coverage. We also recommend as general risk management that any subcontract labor working directly for the association be mandated to have workers comp and general liability.  

Next week we discuss question nine! Be sure to check back on Monday.