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Indemnity Provisions in the Management Contract
 Defining the relationship between the CID entity and the management company...
- The management company's business objective is to provide services for a fee.
- The CID entity must be whole, organized and in good standing.
- The CID Entity solicits agent to be part of entity as the managing agent.
- D&O Liability Insurance extends coverage to the management company and managers
What is the higher duty that the CID entity has?
- Directors & Officers corporate duties
- Premise responsibility...to maintain, to repair...(Articles of Incorporation)
- To add the managing agent to the Directors & Officers Liability Insurance and the premises Liability Insurance.
Visit MasterFidelity.com for more information. |
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The California Association of Community Managers, Inc. (CACM) is a statewide professional organization created by managers, for managers. CACM provides state specific certification for the community association management industry, and has established a Code of Ethics and Standards of Practice to guide its members in their business. The organization also delivers educational programs for both individual managers and firms, in order to promote and maintain professionalism within the community association management industry. |
Nearly 125 attendees thoroughly enjoyed the two day CEO business Forum held in May at the La Quinta Resort and Spa. Especially informative was the post conference CEO Roundtable discussions regarding trends in the industry. Highlights of the biggest long term change to our industry included:
