• Is Your Indemnification Clause Protecting You?

  • 2025/02/27
  • 再生時間： 13 分
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Is Your Indemnification Clause Protecting You?

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    Carol Ott of Habitat Magazine discusses board member liability with Leni Morrison Cummins, partner at Cozen O'Connor. Cummins explains that volunteer board members face real liability risks and need proper protection through well-drafted indemnification clauses. She highlights common pitfalls in these clauses, including insufficient coverage for tort claims and pre-litigation proceedings. Cummins advises board members to review their indemnification language with counsel, ensure they have adequate D&O insurance, and consider bylaw amendments if coverage is inadequate. She notes differences between co-op and condo liability protections and recommends prospective board members verify their coverage before joining.


    The business of running a building is demanding work that requires making endless decisions — some that can quickly lead your board into a quagmire of legal difficulties. Legal Talk interviews New York's leading co-op/condo attorneys to find solutions, and get some guidance, on these challenges. For more co-op and condo insights, sign up to receive Habitat's free newsletters or become a Habitat subscriber today!
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Carol Ott of Habitat Magazine discusses board member liability with Leni Morrison Cummins, partner at Cozen O'Connor. Cummins explains that volunteer board members face real liability risks and need proper protection through well-drafted indemnification clauses. She highlights common pitfalls in these clauses, including insufficient coverage for tort claims and pre-litigation proceedings. Cummins advises board members to review their indemnification language with counsel, ensure they have adequate D&O insurance, and consider bylaw amendments if coverage is inadequate. She notes differences between co-op and condo liability protections and recommends prospective board members verify their coverage before joining.


The business of running a building is demanding work that requires making endless decisions — some that can quickly lead your board into a quagmire of legal difficulties. Legal Talk interviews New York's leading co-op/condo attorneys to find solutions, and get some guidance, on these challenges. For more co-op and condo insights, sign up to receive Habitat's free newsletters or become a Habitat subscriber today!
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