Umbrella Insurance for Condo & Co-op Buildings—Mitigating Risk from Excess LiabilityCommercial umbrella coverage is an essential protection from big liability claims against your building and/or your board – but insurance markets have grown increasingly volatile in the last two years, and there are fewer programs offering adequate protection from major claims, including worker fatality or serious injury during projects. This expert panel discusses the state of the insurance market, NYC labor law and exclusions and demystify important concepts like tort claims, risk transfer, risk reduction and the importance of adequate D&O coverage.
- Sean Kent, Senior Vice President of Insurance, FirstService Financial
- Ben Kirschenbaum, Vice President & General Counsel, FirstService Residential
- Michael Wolfe, President of Property Management, FirstService Residential