SPECIAL THANKS TO THESE EXHIBITORS & SPONSORS:


May Educational Luncheon –


Hazards that Impact Insurance


May 14, 2024


The May educational luncheon covered insurance coverage issues, and was presented by Patrick Prendiville, Prendiville Insurance Agency, Flint Faulkner, Action Property Management, Inc., and Laurie F. Masotto, Esq., Community Legal Advisors, Inc. The program was coordinated by James C. Harkins, IV, Esq., of Cane & Harkins LLP, and Michael Davie of Valley Bank.


The following are three takeaways from the program:


Takeaway #1: Several conditions are tightening the insurance market in California, which in the short term are expected to continue, negatively impacting the availability of insurance, the scope of coverage, and the expense of insurance.


Takeaway #2: Underwriters are more critically analyzing (i.e., denying claims on) damages claims arising from deferred maintenance issues, such as roof leaks. Thus, Associations should take a closer look at maintenance that is being deferred to reduce the risk of damages. Associations should establish policies, such as a water intrusion policy, that details procedures, responsibility for insurance deductible, repair responsibility, and includes an admonition for owners to maintain insurance coverage for their personal property.


Takeaway #3: When retaining contractors, (i) ensure the written contract requires the contractor to name the Association and managing agent as additional insureds, (ii) obtain a copy of the actual policy endorsement; the Certificate of Insurance does NOT confirm additional insured coverage, and (iii) work with your insurance agent and legal counsel to ensure that important coverage needs are not excluded from the contractor’s insurance policies.


Stay tuned to future issues of


the OC View which will include a comprehensive follow up article on this important topic!


Speakers and coordinators (l to r): James Harkins, Esq.; of Cane & Harkins LLP, Flint Faulkner, CMCA, AMS, PCAM; of Action Property Management,


Inc., AAMC, Laurie F. Masotto, Esq.; of Community Legal Advisors, Inc., Patrick Prendiville, CIRMS; of Prendiville Insurance Agency and Michael Davie; of Valley Bank.


Exhibitors AD Magellan Advanced Painting & Wood Repair* Agricultural Pest Control Services Allied Universal Security Services Andre Landscape Andtech Security Angelo Termite & Construction Berg Insurance Agency* Bergeman Group Construction Management*


City Service Paving* CM Squared, Inc. Concrete Hazard Solutions, Inc. EmpireWorks Reconstruction* Flanagan Law, APC Fullerton Electric Co.* Golden Alliance Insurance Agency, Inc. GoldStar Asphalt Products Graham Plumbing and Drain Cleaning Inc.


Great Scott Tree Care* GuardTop, LLC Halo Turf Harvest Landscape Enterprises, Inc. Hi-Tech Painting & Construction Inc. JGB Restoration Kasdan Turner Thomson Booth LLP Kings III Emergency Communications LaBahn’s Landscaping Livewell Restoration, LLC. Mobile Illumination and ProConnect Electric


NEXTIER Insurance Services, Inc. NPG Asphalt OC Pro-Painters LLC One Structural Inc, DBA Balcony1 Park West Patrol Masters Security Services, Inc. Payne Pest Management, Inc. Pilot Painting & Construction* Playcore Prendiville Insurance Agency* PrimeCo Pro Star Mechanical Services Riley Pasek Canty, LLP S.B.S. Lien Services Saddleback Fence & Vinyl Products SCT Reserve Consultants, Inc.* ServiceFirst Restoration, Inc. SmartStreet powered by BANC of California Splash Plumbing Stay Green, Inc. Structural Preservation Systems, LLC


Tinnelly Law Group TRACE Restoration Triplett Painting & Restoration Westlake Royal Roofing Solutions *Thank you to our CLAC Upgrade Exhibitors


Parking Sponsors Precision Construction and Painting Villa Park Landscape


Manager Table Sponsor CPR Construction FirstService Residential, AAMC Mission Landscape Companies PCW Contacting Services Valley Bank


Lanyard Sponsor Angelo Termite & Construction


WiFi Sponsor Life Specialty Coatings


22 July | August 2024


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