Community associations are unique in terms of the various and occasionally complex relationships between unit owners, boards, directors, developers, vendors and property managers. Having an agent/broker that understands the uniqueness of the model, the challenges within community associations, and the respective requirements of the documents and contracts that govern the relationships – while bringing to bear the technical expertise to design and implement a risk management program that reflects all parties’ interests — is critical to fully and properly protecting everyone’s interests
Not only does the Foster Sullivan Group have access to all national and global markets for the insurance part of your community association program, but with on-staff counsel, licensed insurance advisors, coverage and claim specialists, and designated industry account managers, we have the capabilities and expertise to give advice and counsel on your overall risk management profile: when to insure; when to self-insure; when to retain risk (deductibles); when to invest in loss avoidance and loss mitigation; how to tighten up your ‘supply chain dynamics’ by properly shifting risk.
We know community associations and related entities well. Our expert staff of professionals will work closely with you to understand your specific challenges, develop risk control programs that have an impact, and then design a ‘narrative’ for the insurance marketplace about your association that will have the insurers competing for your business.
We are keenly aware of the need to work closely with the Board and Property Management on cost sensitivity, and the impact on the association’s financial planning and budgets. We will work with you throughout the year, year over year, to review, forecast and reduce your overall cost of risk and make sure your program is affordably responding to your changing needs.
You have worked hard to develop your business and have much at stake in its success. Make sure you engage true professionals to properly protect your capital from risk. The Foster Sullivan Group – Protecting Your Business, Protecting Your Future.