HAI Group Blog

Insurance, Risk Management, and Professional Development Tips for the Affordable Housing Industry.

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Insurance

Everything You Need to Know About Public Housing Insurance Requirements

Insurance is optional for most businesses. Still, given the role insurance plays in minimizing financial loss in the event of a mishap, it’s a layer of protection most companies opt to purchase. For a public housing agency (PHA), the decision to purchase insurance extends beyond protecting people, property, and assets—certain coverages must be purchased if the PHA is interested in funding from the U.S. Department of Housing and Urban Development (HUD).

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