In this episode, we break down one of the most important protections for HOA board members: Directors & Officers (D&O) insurance.If you're serving on an HOA board, you're not just a volunteer—you’re making decisions for a multimillion-dollar organization. And when something goes wrong, those decisions can lead to lawsuits.Here’s what you’ll learn in this episode:What D&O insurance actually covers (and what it doesn’t)Why following the business judgment rule is criticalHow to avoid personal liability as a board memberThe biggest mistakes boards make when handling claimsWhy timing matters: “claims made and reported” explainedKey exclusions every board should understandWe also dive into real-world scenarios, including:What happens if you act outside your role as a board memberHow insurance companies handle claims and defenseWhy reporting issues early can make or break your coverageBottom line: Make decisions in good faith, rely on expert advice, and report claims as soon as possible.

In this episode of Covering HOAs - Mike breaks down the five core insurance policies every HOA and community association should understand — and why risk management is more than just buying coverage.From property and general liability to D&O, fidelity bonds, umbrella policies, and workers’ compensation, Mike explains how each policy works, when coverage applies, and the subtle distinctions that often create confusion for boards and managers.You’ll learn:✔️ Why insurance is really about transferring risk — not eliminating it✔️ The difference between occurrence-based and claims-made policies✔️ What deductibles actually mean (and what they don’t)✔️ Hidden exposures many associations overlook✔️ How understanding coverage can help you make better business decisionsWhether you’re a board member, manager, or industry professional, this episode simplifies complex concepts so you can feel more confident navigating HOA insurance decisions.

What’s the difference between putting your insurance carrier on notice and actually filing a claim — and why does it matter so much for HOAs?In this episode of Covering HOAs with One Hot Mike , Mike breaks down how insurance claims really work for community associations, and why timing, communication, and strategy can directly impact coverage, premiums, and long-term insurability.We dive into:* The critical difference between notice-only vs formal claim tenders* How claims-made policies work (and how coverage can be lost if timing is wrong)* Why loss history affects premiums, deductibles, self-insured retentions, and renewal options* When filing a claim makes sense — and when it may not* How working with trusted professionals helps boards transfer risk and protect themselves* Why talking to your insurance broker more often can save time, money, and headachesThis episode is essential listening for HOA board members, community managers, and anyone involved in risk management for associations.🎧 Don’t forget to subscribe, and share if this episode was helpful.