November 2013

HOA Property Coverage Insurance Basics

In almost every community, whether a condominium complex or single family home community, there are common areas that are owned by the unit or homeowners in that community. Many communities today are developed with an active lifestyle in mind and therefore a tennis court, swimming pool, playground, or clubhouse is built to enhance the lifestyle of the owners. Also, many communities are built with some type of landscaped entrance and electric security gates. These communities rely on the Homeowner's Association to maintain this property and provide insurance for the risk involved with ownership.

Insurance for Biotechs: Property

Biotechnology companies and organisations display distinctive features and, from an insurance perspective, uncommon risks. Quite apart from liability risks associated with the testing of investigational drugs, biotech companies are faced with some unique exposures that could delay development, and possibly, the achievement of milestones. Such delays could hamper the ability of the company to raise additional funds and therefore its ability to continue as a going concern.

These exposures stem from the physical assets of the company, which could consist of buildings, equipment, compounds and consumables,