At the core, a community association whether it be a condominium, single-family homeowners association, cooperative, timeshare or commercial association, the structure is substantially the same.
Recently, Property Casualty 360 had an article on why commercial insurance rates are dropping. According to the article (found here), commercial insurance rates are dropping
As a restaurateur, in many ways you are an artist —you take ingredients and, using your tools, put together a unique experience for each patron,
‘Search continues for owner of missing digit Wendy’s fast-food restaurant patron found finger in bowl of chili.’ Everyone remembers the woman who found a finger in her chili at Wendy’s, and for the rest of their lives, Wendy’s chili will be tainted by the memory.
Once you have received the documents, the laws and the exposures, it is time to review what insurance is currently in place. What should be done next, if you do not already have one, is to put together an insurance schedule. This should include the following: type of coverage, insurance, A.M. Best rating, policy number, effective date, limits and premium.
“FATHER’S DECISION TO STOP FOR FAST FOOD ENDS IN MULTI-MILLION DOLLAR DEATH LAWSUIT” Does this sound like a headline from the National Enquirer? It is actually a very real possibility.
