MPA: Property Managers E&O Insurance

Property Managers Insurance

Property managers face special challenges due to the unique nature of their job. From wrongful evictions to tenant discrimination to resident injury, property managers need protections in the face of increased litigation and the troubles that can bring.

Have questions? Contact Neil McGowan for more information.

Property Managers Insurance Application

Property Managers Insurance Brochure

Property Managers Insurance Highlight Sheet

Product Details

ELIGIBLE CLASSES

Property Managers
Community Association Managers
Property Preservationists

PRODUCT/LIMITS

Errors and Omissions (E&O) Insurance: Up to $5MM/$5MM

CARRIER

A.M. Best Admitted “A” Rated Carrier / Admitted Paper

TERRITORY

Nationwide except in Alaska and Hawaii

SPECIAL FEATURES & COVERAGES

Claims-Made Policy Form
Incentive for Early Claims Resolution
Expert Witness Coverage
Deductible Reduction Included
60-Day Extended Claims Reporting Period (After Policy Expiration)
Unlimited Defense Costs & Expenses Available
Broad Definition of “Professional Services”
Broad Definition of “Insured” (Includes “Spouse” or “Domestic Partner”)
Management of Owned Property Coverage (Up to 100%)
Confidential Risk Management Hotline – Complimentary
Retiree, Death, or Disability Extended Claims Reporting Period Included
Optional Consequential BI/PD Coverage
Failure to Place and/or Maintain Insurance
Cyber First Party Coverage Included
Full Limits Fair Housing Coverage Available
Up to $1MM in Pollution Coverage
Up to $1MM in Mold Coverage
Bookkeeping Services Coverage Included
Owner’s Representation Coverage Available
Disciplinary Proceedings Coverage Included
Crisis Event and Reputation Protection Included
Subpoena Assistance Included

Resources

Download A Property Managers Guide to Protecting Their Business

Just as in any field, mistakes can be made, whether something is filed incorrectly or isn’t fixed properly. As a professional service, property managers can be held liable for their mistakes in court. There are a few ways that a property manager can protect themselves from the financial burdens of litigation and McGowan is here to help you sort through all your options. Protect yourself and your business before something goes wrong.