Property Managers
SmartPro: Errors and Omissions Insurance for Property Managers
Property management firms have many exposures that can lead to a lawsuit. Dealing with owners, residents, employees, vendors and regulatory authorities of both residential and commercial properties can and does lead to lawsuits. Things go wrong, and the property manager is always the one in the middle of the problem. Quality errors and omissions insurance is a necessity.
The SmartPro Property Managers Errors & Omissions program is comprehensive professional errors and omissions insurance underwritten by the Chubb Group of Insurance Companies that addresses the needs of busy professional property management firms.
10 Important Features of SmartPro Errors & Omissions Insurance:
- Professional Services include coverage for “Real Estate Agents and Brokers”
- Your Owned and Managed Property is included for many owned and managed situations
- Failure to Place or Failure to Maintain insurance is covered
- Personal Injury Coverage includes wrongful entry, invasion of privacy and wrongful eviction
- Coverage provided for Punitive and Exemplary Damages (where permitted by law)
- Independent Contractors are included as insureds
- Discrimination for Claims Alleging Fair Housing Violations: Legal Defense is provided
- Civil Administrative and Civil Regulatory proceedings are included in the definition of claims
- Pollution extension for Third Party Financial Loss
- Coverage for services provided over the internet
The program is admitted in all states except Alaska, Arkansas, Louisiana, Vermont and Wyoming and is underwritten by an A++ AM Best-rated carrier.
For more information contact us at ejmackoul@mackoul.com or call (516) 431-9100.
For an insurance quote:
