Corporation, Management and Director Indemnity – The need for Directors and Officers Insurance

The blog post discusses the need for directors and officers insurance for condo corporation management and directors. The post explains that directors and officers can be held liable for decisions made on behalf of the corporation, and that insurance can protect them from financial damages resulting from lawsuits. It also notes that directors and officers insurance can cover legal fees and settlements, and that it's important to work with a knowledgeable insurance broker to ensure adequate coverage. The post emphasizes the importance of proper insurance coverage for protecting condo corporation management and directors.