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Carrier: |
Rated A++/ IX by AM Best. |
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Limits Of Liability / Minimum Premiums: |
Errors & Omissions: Up to $5,000,000 - $1,000 Minimum Premium ($1MM Limit)
Tenant Discrimination: Up to $250,000 - $500 Minimum Premium ($100K Limit)
Employment Practices: Up to $1,000,000 - $1,000 Minimum Premium ($1MM Limit) |
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Eligible Entities: |
- Residential Property Managers;
- Commercial Property Managers;
- Entities that manage owned properties.
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Requirements: |
Completed application; Copies of Employee Handbook, Discrimination Policies (If Tenant Discrimination and/or EPLI Coverage is desired). |
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Compensation: |
All premiums are quoted net to the broker. Brokers are responsible for collecting their own compensation. |
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Included Coverage: |
Separate limits for E&O, Tenant Discrimination, and EPLI; |
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Automatic coverage for up to 25% of owned and managed properties; |
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Tenant Discrimination coverage includes Damage and Defense; |
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Defense costs outside the limits for E&O and EPLI; |
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Coverage available for Real Estate and Appraisal exposure; |
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Optional Coverages: |
Optional 3rd Party Employee coverage (EPLI); |
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Optional Environmental coverage; |
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Coverage for 100% owned and managed properties for an additional premium |
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Ineligible Risks: |
Property Managers involved in REITs. |
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Property Managers involved in building or development operations. |
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Property Managers involved in asset management. |