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Understanding Multifamily D&O Insurance

Multifamily D&O Insurance is a specialized form of coverage designed to protect the personal assets of directors and officers of multifamily housing organizations. This insurance is crucial because it shields against claims of mismanagement, breach of fiduciary duty, and other allegations that could arise from their managerial decisions. Given the complex regulatory environment and the potential for litigation, having a robust D&O policy is essential for safeguarding both personal and organizational assets.