HAI Group Blog

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

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Insurance

Navigating Commercial Insurance: A Guide for Public and Affordable Housing Agencies

Navigating the complex commercial insurance landscape can sometimes feel like deciphering hieroglyphics in a funhouse maze—confusing, daunting, and occasionally filled with unexpected twists and turns. However, for public and affordable housing providers, mastering the basics of insurance is akin to wielding a powerful shield against the whims of fate, ensuring the protection of vital assets and the continuity of essential services.

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Wrap-Up Insurance Unveiled: Understanding OCIPs and CCIPs for Housing Development Projects

Housing organizations embarking on significant construction endeavors may encounter unfamiliar insurance products designed to mitigate construction-related risks. One such product is wrap-up insurance, a specialized form of construction liability coverage offered in two primary variations—owner-controlled insurance programs (OCIPs) and contractor-controlled insurance programs (CCIPs).

In this article, we offer an insightful overview of wrap-up insurance and delineate the crucial distinctions between OCIPs and CCIPs.

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Protecting Public Trust: Why Public Housing Agencies Need Cyber Insurance Coverage

In an increasingly digitized world, where data breaches and cyber threats have become pervasive, the need for robust cybersecurity measures extends to all sectors. Public housing agencies (PHAs), entrusted with sensitive information and critical operations, are no exception. Yet, despite the growing threat landscape, many PHAs may overlook the importance of cybersecurity coverage.

Unlike traditional property and general liability insurance policies, which lack the specificity to address cyber risks and often explicitly exclude coverage for such incidents, cybersecurity coverage offers tailored protection against the evolving threats public housing agencies face. This article explores the imperative for public housing agencies to prioritize cybersecurity coverage as a fundamental component of their risk management strategy, safeguarding their operations and residents and their hard-earned reputation in the community.

This article delves into why cybersecurity coverage is essential for public housing agencies to safeguard their operations, residents, and reputation.

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2023 Rewind: HAI Group's Most Popular Content Unveiled

As we say goodbye to another transformative year, join us in exploring HAI Group's most popular blog posts, risk management resources, and HAI Group Online Training courses of 2023. These resources serve as essential tools for housing professionals navigating an ever-evolving landscape.

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Securing Tomorrow: The Vital Role of Excess Liability Coverage in Affordable Housing

In an era where public housing agencies are increasingly venturing into the private market, a time marked by escalating settlement values and growing jury awards due to social inflation, the imperative for affordable housing providers to fortify their liability coverage has never been more pressing.

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