The D&O policy is designed to address the changing nature of community associations and the new variety of developments being established. This policy is available stand alone or as a companion to PPP’s well-established umbrella/excess tower.

According to Wayne Dow, vice president of Programs for PPP, the new policy will target new risks from the changing organizational structure of HOAs, such as mixed use, urban centers and metro-burbs.

The policy offers aggregate limits starting at $1 million on a primary or excess basis, dedicated limits for defense costs coverage, a broad definition of “wrongful act” and coverage for the entity organization and community association manager. Options for employment practices liability including wage and hour law are included.

AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally.

Jacobson, Goldfarb & Scott, Inc. (JGS Insurance) was established in 1919 as an independent insurance agency that is privately owned. The two principal owners, Kenneth Hager and Vincent Hager, represent in excess of 40 carriers both national and regional. Based in Holmdel, N.J. the company’s headquarters are in Bell Works, with additional offices in Silver Spring, Maryland as well as Hallandale, Florida. JGS operates in all 50 states as well as the District of Columbia.