We have expanded our Property Managers Professional Liability product into a package that addresses the main areas of liability for commercial and residential property managers.

Ineligible Property Managers Professional Package
Please note we cannot offer coverage to the following:
  • Management of country clubs
  • Management of farms
  • Management of hotel/motel
  • Located in AK, LA or WV
  • Less than three years’ experience except for vacation home management (one year)
  • Management or leasing of properties constructed/developed by the applicant or by any related entity
  • Involvement in setting up Real Estate Investment Trusts (REITS)
  • Residential managers specializing in the management/leasing of high valued properties greater than ($1,000,000 for individual apartments and $2,000,000 for condo/homeowner associations and 1-4 family dwellings)

Available Coverage for Property Managers Professional Package
  • Coverage A: Errors and omissions provides coverage if sued while providing professional services in the management or leasing of property
    • New enhancement: Automatic wrongful eviction coverage provided for the management of residential property
    • New enhancement: Optional personal injury coverage available for 10 percent additional premium
  • Coverage B: Tenant discrimination optional coverage for defense and indemnification if sued by a third party for allegations of discrimination
  • Coverage C: Employment practices liability optional coverage if sued in your capacity as an employer for wrongful employment acts. In addition, our product offers coverage for individuals who are employed by the owner of the building being managed
  • New enhancement: Premises preferred package optional package available for the property manager’s office that includes general liability written on an occurrence form with optional property coverage on a special form

Coverage Limits Available for Property Managers Professional Package
  • Errors and omissions limits available up to $5,000,000
  • Tenant discrimination limits available up to $250,000/$1,000,000 (a limit of only $100,000 is offered in certain high-risk locations)
  • Employment practices liability limits available up to $1,000,000
  • Premises preferred package general liability limits up to $1,000,000/$2,000,000 and personal property limits up to $250,000