---
title: Insurance for dishonesty
description: "We have $300,000 coverage for BOD and management \"dishonesty\". Is this common practice? Don't property management firms carry their own E & O policies?"
---

[Condo Q&A ](https://www.condoassociation.com/blog)

# [Insurance for dishonesty](https://www.condoassociation.com/blog/insurance-for-dishonesty)

 Written by [CondoAssociation.com](https://www.condoassociation.com/blog/author/condoassociationcom) | Sun, Feb 14, 2016 @ 02:22 AM

I live in a 171 unit condo. Every year, our monthly dues increase and we usually have to pay an additional "special assessment".

In looking over our budget for 2016, I noticed that our insurance has increased from $44,160 (2012) to $63,000 this year. This seems like a drastic increase, considering we have had no claims (to my knowledge).

However, one item did stick out to me. We have $300,000 coverage for BOD and management "dishonesty". Is this common practice? Don't property management firms carry their own E & O policies?

[View full post](https://www.condoassociation.com/blog/insurance-for-dishonesty)

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