Orchid is excited to offer the following products: Directors & Officers Liability, Crime and Umbrella.

Eligible Classes

  • Single Family Homeowner’s Association
  • Residential Condominium Association
  • Townhome Association
  • Mobile Home/RV Community

Product Features

  • Available in all 44 Orchid states
  • Must write the D&O in order to be eligible for Umbrella (No stand-alone Umbrella)
  • 24-Hour turnaround for new business quotes
  • Automatic Renewals provided on over 95% of policies

Directors & Officers Liability Policy Coverage Highlights

Up to $5 million limit
Claims-Made form
Full Prior Acts Coverage, subject to policy terms and conditions
Cyber Liability limits available
Wage & Hour Defense of $100,000 is provided at no charge
Homeowner’s Associations will receive First Dollar Defense and Unlimited Defense Costs outside the limits at no charge
Softened Hammer Clause and mediation credits included in the policy

Crime Policy Coverage Highlights

Up to $5 million limit
Crime policies are written on discovery form
Multiple crime coverages tailored to community association needs including Employee Theft, Forgery or Alteration, Theft, Disappearance or Destruction, and Computer Fraud or Wire Transfer Communication Fraud
$50,000 in Social Engineering Fraud Coverage is being included at no charge. This endorsement protects associations who are misled through a communication to transfer funds from its own account as a result of fraud by a person who pretends to be a vendor, employee, property manager or employee

Umbrella Policy Coverage
Highlights

Up to $25 million limit
Expanded Coverage for crisis management including funeral costs, psychological counseling and temporary living expenses
Excess Follow Form Liability allows for Primary and Non Contributory where required by contract and provided by underlying coverage
Per Project/Per Location Aggregate (locations follow underlying policies)
Eligible Association Types: Residential Condominiums, Townhomes & Single Family Homeowner’s Associations.  Cooperatives & Timeshares are NOT eligible classes

Quote Here

Please send completed application to commercial@orchidinsurance.com

Other Product Highlights