Professional liability insurance needed if on a management Board?

[John Bergstrom]

I have one unit in a complex of about 70 and the property management company asked me to be a Board member. We meet every few months via video conference and primarily discuss the management's need to increase HOA fees. (Increased energy costs, new roofs, etc) Im wondering if I have a liability/exposure that I'm neglecting. Assuming a policy exists for such work, is there usually a need for property management Board members? What would a common coverage amount be if it's recommended? (Cost estimate?) Thanks in advance,