E&O insurance coverage
for property managers.
Safeguard your firm, assets and retain your clients.
Tailored Property Manager E&O Coverage for Today’s Risks
Property managers for both commercial and residential buildings are increasingly becoming more susceptible to lawsuits involving professional liability allegations. These claims include:
- failure to purchase appropriate property insurance, resulting in a loss for the property owner;
- wrongful or negligent evictions;
- tenant discrimination claims;
- failure to perform mid-lease or annual property inspections;
- failure to perform routine maintenance;
- alleged loss of rental income for failure to show properties; and
- misrepresentation when an electronic or virtual tour has been utilized.
COVID-19 has added to these risks as property managers are charged with assisting in the implementation of safety precautions to help stem the spread of the virus.
IPRO-Agency Has You Covered
Our Errors & Omissions (E&O) policy for property managers is broad and flexible to adapt as market conditions change and emerging risks arise so that you can continue to operate knowing you’re protected. We partner with leading insurers that offer specialized E&O products for each of the segments we serve. Coverage is provided for legal fees and settlements as a result of claims arising out of allegations of negligence or oversight in the performance of the work provided.
Who We Cover
- Retail Shopping Centers
- Habitational Properties (Apartments, Multi-Family Housing)
- Office Buildings
- Warehouse and Storage Facilities
- REO or Bank-Owned Property
- Owned Property
- Investment or Income-Producing Properties
- Tenant in Common Properties
