Archive for September, 2010

Will Your D&O Policy Cover You?

Without the right coverage, involvement with your board may jeopardize your personal financial security!

You may be properly dressed, but are you adequately covered by your Directors & Officers policy? Did you know that if a lawsuit against the board is denied or uncovered by insurance, uninsured losses may be expected from your pocket!

You devote enough time and effort to run your building. Make sure you aren’t jeopardizing your financial stability in the process.

Let us make sure you are covered.
(866) MACKOUL
www.mackoul.com

Here are some links you can use as resources:
Providing Insurance for Board Members- by Jay Romano
http://www.nytimes.com/2006/02/05/realestate/05home.html

Directors & Officers Insurance- It’s Not All The Same- by Edward J. Mackoul
http://www.siteforless.com/customer643/upload/D&O%20Insurance-It’sNotAllTheSame.pdf

Board Of Directors Test
http://www.siteforless.com/customer643/upload/Board%20Of%20Directors%20Test.pdf

Common D&O Coverage Exclusions
http://www.siteforless.com/customer643/upload/CommonD&OCoverageExclusions.pdf

1.  Prepare an Emergency kit-
   Of the utmost importance is a flashlight, extra batteries, and bottled water.
   Follow the link for a sample emergency kit- 
   www.nyredcross.org/?nd=hurricane_safety_guide
2. Put away or secure outdoor furniture-
   Secure anything that could become a projectile in heavy winds- including garbage cans. 
3. Clear debris from gutters.
4. Trim dead tree branches that could fall during the storm.
5. Anchor heavy objects that may float away such as fuel tanks.
6. Avoid driving in storm conditions-
   If you must drive, avoid flooded streets, fallen wires and falling trees.
7. Stay informed of weather conditions- tune into the following websites
   www.nhc.noaa.gov or www.weather.com for current conditions.

Despite the forecasted weather, we wish you all a wonderful and safe Labor Day weekend.

 Your Friends at Mackoul & Associates

* Please note that our offices will close at 1pm tomorrow in observance of the holiday.