Workers Compensation Insurance

Workers’ compensation insurance protects associations from potential liability if someone performing work for the community is injured. While it’s most commonly associated with employee claims, it can also help fill coverage gaps when uninsured contractors or volunteers are hurt on association property. Even if your HOA or condo corporation doesn’t have direct employees, many experts recommend carrying a workers’ compensation policy. This coverage can respond to certain injury claims brought by vendors whose own policies have lapsed or weren’t properly in place — as well as by volunteers acting on behalf of the board. It’s one more way to help protect your community from unexpected costs or disputes.