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094 | Don't Breach your HOA Fiduciary Duty!
Manage episode 468206099 series 3470637
HOA board members, breach of fiduciary duty is the #1 claim against associations. Learn how to protect yourself and your community.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Breach of HOA Fiduciary Duty is the #1 legal claim against board members—costing millions in legal fees. In this episode, Kevin Davis & Robert Nordlund explain how HOA boards can stay compliant, protect their association, and avoid costly lawsuits. Learn the four key principles of fiduciary duty: duty of care, loyalty, obedience, and transparency—and how failing to follow them could land your board in legal trouble. Plus, discover why Directors & Officers (D&O) insurance is a must-have for every association.
Chapters From This Week's Episode:
00:00 You Lied to Your HOA?
00:44 Intro to episode, last week recap, and merch store
03:21 Someone Accused You of Breaching Fiduciary Duty… What Do I Do?
05:15 The #1 Claim Against HOA Boards & How to Avoid It
08:45 Duty of Care: Acting Reasonably & Competently
11:20 Duty of Loyalty: Avoiding Conflicts of Interest
13:50 Duty of Obedience: Following HOA Governing Documents
16:30 Duty of Transparency: The Role of Open Communication
19:15 Legal Consequences of Breaching Fiduciary Duty
21:02 Ad Break - Kevin Davis Insurance Services
22:00 How to Protect Yourself: Directors & Officers Insurance
25:10 Common Pitfalls That Get HOA Boards Sued
28:45 Final Advice: Best Practices for HOA Board Members
Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!
Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Boardmember Merch Store!
Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
Robert Nordlund, PE
Support Our Sponsors
Association Insights & Marketplace
Association Reserves
Community Financials
Kevin Davis Insurance Services
Stokelight Video & Marketing
The Inspectors of Election
Chapters
1. You Lied to Your HOA? (00:00:00)
2. Intro to Episode, Last Week Recap, and Merch Store (00:00:44)
3. Someone Accused You of Breaching Fiduciary Duty… What Do I Do? (00:03:21)
4. The #1 Claim Against HOA Boards & How to Avoid It (00:05:15)
5. Duty of Care: Acting Reasonably & Competently (00:08:45)
6. Duty of Loyalty: Avoiding Conflicts of Interest (00:11:20)
7. Duty of Obedience: Following HOA Governing Documents (00:13:50)
8. Duty of Transparency: The Role of Open Communication (00:16:30)
9. Legal Consequences of Breaching Fiduciary Duty (00:19:15)
10. Ad Break - Kevin Davis Insurance Services (00:21:02)
11. How to Protect Yourself: Directors & Officers Insurance (00:22:00)
12. Common Pitfalls That Get HOA Boards Sued (00:25:10)
131 episodes
Manage episode 468206099 series 3470637
HOA board members, breach of fiduciary duty is the #1 claim against associations. Learn how to protect yourself and your community.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Breach of HOA Fiduciary Duty is the #1 legal claim against board members—costing millions in legal fees. In this episode, Kevin Davis & Robert Nordlund explain how HOA boards can stay compliant, protect their association, and avoid costly lawsuits. Learn the four key principles of fiduciary duty: duty of care, loyalty, obedience, and transparency—and how failing to follow them could land your board in legal trouble. Plus, discover why Directors & Officers (D&O) insurance is a must-have for every association.
Chapters From This Week's Episode:
00:00 You Lied to Your HOA?
00:44 Intro to episode, last week recap, and merch store
03:21 Someone Accused You of Breaching Fiduciary Duty… What Do I Do?
05:15 The #1 Claim Against HOA Boards & How to Avoid It
08:45 Duty of Care: Acting Reasonably & Competently
11:20 Duty of Loyalty: Avoiding Conflicts of Interest
13:50 Duty of Obedience: Following HOA Governing Documents
16:30 Duty of Transparency: The Role of Open Communication
19:15 Legal Consequences of Breaching Fiduciary Duty
21:02 Ad Break - Kevin Davis Insurance Services
22:00 How to Protect Yourself: Directors & Officers Insurance
25:10 Common Pitfalls That Get HOA Boards Sued
28:45 Final Advice: Best Practices for HOA Board Members
Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!
Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Boardmember Merch Store!
Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
Robert Nordlund, PE
Support Our Sponsors
Association Insights & Marketplace
Association Reserves
Community Financials
Kevin Davis Insurance Services
Stokelight Video & Marketing
The Inspectors of Election
Chapters
1. You Lied to Your HOA? (00:00:00)
2. Intro to Episode, Last Week Recap, and Merch Store (00:00:44)
3. Someone Accused You of Breaching Fiduciary Duty… What Do I Do? (00:03:21)
4. The #1 Claim Against HOA Boards & How to Avoid It (00:05:15)
5. Duty of Care: Acting Reasonably & Competently (00:08:45)
6. Duty of Loyalty: Avoiding Conflicts of Interest (00:11:20)
7. Duty of Obedience: Following HOA Governing Documents (00:13:50)
8. Duty of Transparency: The Role of Open Communication (00:16:30)
9. Legal Consequences of Breaching Fiduciary Duty (00:19:15)
10. Ad Break - Kevin Davis Insurance Services (00:21:02)
11. How to Protect Yourself: Directors & Officers Insurance (00:22:00)
12. Common Pitfalls That Get HOA Boards Sued (00:25:10)
131 episodes
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