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Fidelity Insurance for Condo Corporations

Author: 
Duane Rohne, Seth Henoch
Publication date:
May 18, 2023
Article Summary: 

Fidelity insurance, also known as employee dishonesty insurance, protects Condominium Corporations (CCs) from financial losses due to fraudulent acts by individuals in positions of trust. CCs should have their own fidelity bond coverage, separate from property management companies, to ensure their funds are adequately protected. Understanding coverage limits and working with insurance brokers is essential for effective risk management.

Keywords: 

Fidelity insurance, employee dishonesty insurance, Condominium Corporations, financial losses, fraudulent acts, trust relationship, property management companies, coverage limits, risk management, insurance brokers.

Source Citation: 
Duane Rohne, Seth Henoch
Fidelity Insurance for Condo Corporations
May 18, 2023
https://www.cci.ca/resource-centre/view/1573?words=&filter=all
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