What are the two required insurances for Georgia Community Association managers (GCAs)?

The correct answer identifies the two essential types of insurance that Georgia Community Association managers must maintain to protect themselves and the associations they manage.

Commercial General Liability insurance is critical as it provides coverage for bodily injury, property damage, and personal injury claims that may arise during the operation of the community associations. This type of insurance safeguards the manager and the association from potential lawsuits due to accidents or negligence that occur in the course of managing the property.

Property Insurance is equally important, as it protects the physical assets of the community association. This may include common areas, buildings, and other property owned by the community. Having property insurance ensures that the association is financially protected against damages resulting from events such as fires, storms, or vandalism.

In combination, these two insurance types enable a community association manager to effectively mitigate risk, comply with legal obligations, and ensure the community is adequately protected.