What insurance should our management company carry?

General liability, errors and omissions covering professional acts, and a fidelity or crime bond sized to the association funds they handle. Workers compensation where they have employees, and cyber liability increasingly given the volume of owner data they hold.

Ask for certificates with carriers, limits, and expiration dates, not a statement that they are insured. Confirm the fidelity bond limit exceeds the maximum funds under their control including reserves.

This is separate from your association's own coverage, and neither substitutes for the other.