Send us a textHOA 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 MembersPodcast Links:Full Episode ListWatch On YoutubeEngage in the conversation! Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected] yourself or a Board Hero you Know!Board Hero NominationsBoardmember Merch Store!Connect with Hosts on LinkedInJulie AdamenKevin Davis, CIRMSRobert Nordlund, PESupport Our SponsorsAssociation Insights & MarketplaceAssociation ReservesCommunity FinancialsKevin Davis Insurance ServicesStokelight Video & MarketingThe Inspectors of Election

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