Board

A Board is a committee having supervisory powers. A Condominium Board follows the regulations laid down for the Condominium Corporation. Director's and Officer's insurance is often purchased to protect the Board from fiduciary losses.

A Board can be voluntary or paid. There is extensive information on the website noted below which explains some of the issues facing a voluntary Board.

You should talk to your agent or broker to determine your need for further coverage if you are a member of a Board.