Our property management insurance packages are designed to protect your business from a variety of risks and help you save money to grow your business. You’ll be protected from financial losses related to:
Damage to someone’s property
Your shoes leave stains on a tenant’s expensive rug when you make a repair. The general liability coverage in your insurance package would help pay for a replacement.
Accidents that hurt someone
A prospective tenant slips and falls on the stairs while you’re showing them a unit. Your general liability coverage
would also come into play here by helping to pay for medical costs and legal fees.
Someone claims you discriminated against them during the rental application process. E&O coverage
(also known as professional indemnity insurance for property managers) can help cover defense expenses, even if the accusation is untrue.
You strain your back while shoveling outside an apartment building after a heavy snowfall. Workers’ compensation coverage
with business owner’s coverage can help cover medical bills and lost wages. Workers’ comp is usually required by law if you have employees.
Damage to your own property
An electrical fire causes damage to your office furniture. Commercial property insurance
can help with replacement or repair costs if your owned or leased property is damaged due to a covered event, such as a burst water pipe, fire, tornado or vandalism.