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CHAPTER 6:
PROFESSIONAL PARTNERS
Professional advisors and service providers play a crucial role in ensuring your
community is protected and prepared for the future, so seek out and value their
advice. Associations that create and sustain long-term partnerships benefit
from reduced costs, increased efficiency, and stable and reliable operations.
LAWYER
Board members have a fiduciary responsibility to act in the best interest of their
community. In doing so, it's in the community's best interest to retain a lawyer to
offer advice and carry out directives.
As an advisor and advocate, you'll want to engage your lawyer proactively to
recommend a course of action, survey proposed policies, and review contracts.
INSURANCE AGENT
Because the functions of community associations are a blend of business,
governance, and activities, their insurance needs are specialized. When it comes
to community association insurance, there's no one-size-fits-all approach,
product, or service.
Your community needs a qualified association insurance agent to protect the
association. A strong insurance program not only safeguards your community
in the event of a loss but also fulfills your responsibilities as a board member.
Furthermore, it provides residents with peace of mind, knowing that the board has
secured appropriate coverage in case an incident occurs.
