Joel W. Meskin, Esq., is the managing director of community association products at McGowan Program Administrators in Fairview Park, Ohio. He obtained his Community Insurance & Risk Management Specialist (CIRMS) designation in 2005. He is a member of CAI’s Insurance Networking committee and a fellow in CAI's College of Community Association Lawyers (CCAL).
Understanding the board’s duties and obligations and making sure homeowners receive, read, and are able to ask questions about governing documents is the best risk management tool an association can use.
The primary purpose of a budget is to provide certainty and avoid surprises.
Understanding the basis of accounting used to prepare financial reports is a vital first step to comprehending your association’s financial position and results from operations.
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