Managing a Connecticut Condominium Association is complex.
You’re focused on building and maintaining your community and the relationships that make it special. You take your responsibility to protect the Association, its assets and its members seriously.
Your Insurance partner should help you prevent future issues, reduce friction with members and protect the individuals who work hard to ensure the community continues to thrive.
Our unique approach to managing Condo Association Insurance will help you protect your assets so you can focus on building your community. We concentrate on minimizing the costs and unique risks associated with operating Condominium Associations. Working directly with the Board of Directors, the Property Management Companies and the individual condo unit owners helps ensure seamless insurance and claims coverage for all parties.
Contact a Bakker commercial Condo Association specialist today to discuss the best options for your situation. We insure over 40 condominium associations in the greater Hartford area and are considered specialists in this field.
Schedule a CallDon’t let a loss or lawsuit put at risk the community that you’ve worked so hard to build.
Cost: $120,000, Defense Costs
A visitor to the Association tripped and fell on a cracked sidewalk while walking into the community clubhouse sustaining a significant knee injury that eventually required corrective surgery. During the investigation it was discovered that the cracked sidewalk had been reported to the Association 6 weeks prior to the accident but had yet to be repaired, resulting in a lawsuit.
Cost: $100,000
A Property Management firm’s employee had been stealing Association dues from Community Associations over the course of several years. Once the theft was uncovered, it was discovered that over $300,000 of dues were missing. The Property Management company’s Crime Coverage covered up to their limit of $200,000 and the Associations were left to replace the difference.
Cost: $660,000 Defense Costs
Following a Board of Directors election and member challenged the validity of the election. The Association decided to hold another election to settle the dispute. More problems arose as the original Board of Directors refused to step down resulting in a lawsuit between the Association and the Board of Directors to determine which group should be allowed to keep their positions.
The proper Master Condominium Association Insurance Program will protect the Association members, your Directors, your employees and contractors from unforeseen circumstances that could leave both individuals and an HOA insolvent.
Protect what matters most.
The Bakker Agency is always there to help out our Condo Association. Everyone is very helpful. They respond to my requests in a timely manner. I have personally used the Bakker Agency in the past with ease.
Condominium Association Client since 2006
Our properties represent often complex insurance issues including zoning, age, type of property and such. We've been clients of The Bakker Agency for many, many years. Never has there been an issue around their ability to manage these complex issues well, professionally, efficiently, cost-effectively, and in a timely fashion. We've never had a complaint. We're delighted with the service we've received and are happy to unreservedly recommend The Bakker Agency.
Condominium Association Client Since 1989
Our Condominium Association has had the Bakker Agency for many years. It's the only agency that I can remember and I have been with the association for years. They always look out for our best interests. All of the employees are experienced and extremely friendly. We wouldn't know what to do without the Peter Bakker Agency.
Condominium Association Client Since 1997
No worries, we can help. We’ll review your coverage, provide unbiased feedback and let you get back to business and life.
Schedule a CallWhile all condominium associations have unique coverage needs, there are several important coverages to consider:
Provides broad coverage for the kinds of accidents that can occur at your complex
Provides protection against covered perils for the common areas of the building like the roof, elevator, basement, courtyards or walkways
Protects you against changes in codes, laws and ordinances in your town that need to be addressed in the event of a loss
Protects directors and officers of the condo association if they are sued as a result of their performance on the board
Provides reimbursement for damage related to a sewer or drain backup
Provides coverage for the theft of association funds or for other financial misconduct by an association board member
Covers damage and loss of income caused by a breakdown of covered equipment
Protects employees who work on the premises from the costs of work-related illnesses or injuries
Provides additional protection on top of your primary insurance against large liability claims
A strong Association Insurance Program will provide both property and liability coverages for any spaces in the complex that aren’t owned by the individual unit owners of the Connecticut association complex, the Directors and Officers of the Association and any workers the you may employ.
If you’re looking for an insurance partner that takes a personal approach to understanding your risks and developing insurance programs that protect your business and lifestyle - Bakker Insurance is the agency of choice.
Deep industry understanding coupled with insurance expertise and access to the best carriers in the space.
We take the time to understand you and your business needs beyond the insurance. We ask smart questions and listen effectively.
Personal insurance management by real humans who know you and what you value most.
We help you protect your assets, employees and business goals. An effective loss control program helps you reduce potential losses and the costs associated with them.
We’ll worry about your insurance so that you can get back to your business and life. Speak to an expert today.
Schedule a callThe information contained on this website is for information and illustration purposes only. All, some, or none of these coverage’s may be on your current policy. If you have a question about your current policy or what coverages you need, please call the agency.
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