The Risk of Being Under Insured
Association Alert
JANUARY 4, 2024
Truck Insurance Exchange v. Ullman, –N.E.3d – (2023), 2023 IL APP (1 st ) 220804 What you need to know: Purchasing inadequate amounts of insurance as a director can result in a lawsuit against you for which there might not be insurance coverage. If your association objects to you as a director seeking sufficient insurance coverage, resign as a director.
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