With the potential for a data breach or security incident growing exponentially, cyber insurance now serves as the foundational component of a modern risk management strategy. This critical coverage is designed as a formidable barrier that protects businesses such as community associations and their community management companies from a wide range of technology-related risks. [Read more…] about Cyber Risk: Five Cyber Insurance Facts Every Community Association Should Know
It’s never fun when winter weather causes damage to the interior or exterior of your home or condo unit. Coming home to water leaking into your comfy space can send you into a panic. What do you do first? To discuss the best course of action, I spoke with Gregg Gerelli, president of Gerelli Insurance Agency, Inc. of Cold Spring, New York.
As winter approaches, associations are beginning to prepare for what the cold weather inevitably brings – snow and ice. For an association, snow and ice accumulation increases the potential for slips and falls occurring throughout a community. Since these slips and falls can lead to injuries and liability claims, associations may wonder what they can do to limit their exposure to such claims.