4. Partner With an Expert
Among a community manager's many responsibilities, recommending the
most qualified professionals to their boards is one of the most crucial -
especially when it comes to an insurance provider. Because the functions
of community associations are a blend of business, governance and
activities, their insurance needs are unique and specialized. That means the
qualifications of any partner your board is considering should be, too.
Any recommendation your manager makes should be based on the
potential partner's:
1) Experience in community association insurance
2) Claims processing history
3) Participation in professional trade associations
4) Professional certifications
5) Licensing and bonding
As your board evaluates partners, it's helpful to know that the Community
Association's Institute (CAI) extends the Community Insurance and Risk
Management Specialist (CIRMS) designation to individuals with extensive
education and experience in community association insurance. And the
right agent or broker will ensure that the association is adequately insured
for every relevant risk. Looking out for these traits will help ensure your
community partners with a true expert that will become a valued business
partner well into the future.
Ready to learn more about community
association insurance?
Click here to listen to the webinar!
4 Steps to Ensure Comprehensive Community Insurance Coverage
