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.
HAI Group Blog
Insurance, Risk Management, and Professional Development Tips for the Affordable Housing Industry.
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.
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.
In the public and affordable housing industry, flexibility is key to ensuring that insurance coverage aligns with your organization’s specific needs. One way this is achieved is through endorsements.
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.
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.
Public and affordable housing organizations strive to fill vacancies as quickly as possible to fulfill community housing needs and avoid loss of rental income, but it's not always feasible.
It's never too early or too late to ensure your housing organization is well-prepared for the challenges posed by winter weather. Taking proactive measures can make all the difference between a minor inconvenience and a full-blown disaster.
Whether you’re aware of PFAS and the risks they pose, or you’re hearing about these chemicals for the first time, you’ve come to the right place. We have answers to property owners’ most frequently asked questions about this emerging environmental threat.
HAI Group's HARRG Earns Third Consecutive Demotech Honor, Recognized as ‘Top Achiever’ in the Insurance Industry
For the third consecutive year and fourth time overall, HAI Group’s Housing Authority Risk Retention Group, Inc. (HARRG) earned the prestigious Demotech Stakeholder Team Accomplishment Recognition (STAR) Award.