Property Managers E&O Liability Insurance through DRickard Insurance

DRickard Insurance

607-843-8860

insurance@drickardinsurance.com

New York State

DRickard Insurance
"Your Favorite Insurance People"

DRickard Insurance

Your Favorite Insurance People

607-843-8860 insurance@drickardinsurance.com

Property Managers
Errors & Omissions
Professional Liability Insurance

What is Property Managers Errors & Omissions Liability Insurance?

Real Estate Errors and Omissions Insurance for Property Managers (E&O) is professional liability insurance designed to protect businesses that specialize in real estate rental and lease management. Covering professional property managers mainly, it may be extended to cover landlords, real estate agents, and a few other types of real estate related businesses. Real Estate E&O policies protect the insured against any mistakes due to negligence or breach of contract made while doing business. Insurance coverage should be tailored to your real estate management business. In most cases we can find professional liability policies that will cover varying components of your unique business.

Additional coverage to consider:

Building
Business Contents
Cyber
Professional Liability
General Liability
Contractual
Automotive
Pollutants
Media and Internet
And So Many More

Why Do You Need Property Managers Errors & Omissions Liability Insurance?

Property Managers run the risk on a daily basis from lawsuits due to error, omission, or negligence in regards to real estate management or real estate agency duties. No matter how meticulously you conduct your business these risks still exist.

Complex Real Estate Businesses - We welcome consideration of your needs!

A Property Manager E&O policy can cover costs for legal defense as well as settlements for negligence and breach of contract. Hiring a lawyer or reaching a settlement out of court can cost you a lot of money. Proving non-negligence will have huge costs. With the right coverage the risk of negligence can be protected.

The Need For Real Estate E&O - Claims Example

Discrimination -

The property manager learns the financial situation of a prospective tenant. She shows apartments in the tenant's price range. Tenant expresses appreciation for the property manager finding a great appartment in the tenant's price range. Two months later, after the tenant watches some late night litigation advertising, he feels that they have been discriminated against due to age, race, religion, or other protected classification. The property manager recieves a notice of claim and wonders how much is this going to cost?

The types of coverage that may be available depending on your specific situation*:

Business Liability Policy

Location
General
Bodily Injury
Property Damage
Contractual
Products
Completed Operations
Advertising
Personal Injury
Employment Practices
Fiduciary
Management
Consultants
Professional
Errors & Ommissions
Media
Too Many More To List, so please call us at 607-843-8860

I don't see what I need for my business!

There are literally hundreds of businesses that we serve with liability products. Don't dispair, do give us a phone call at 607-843-8860 and we will do our best to help you solve your problem.

*Please note that not all types of coverage will be available to every insured on every policy. In some cases it may take multiple policies and insurers to create your desired insurance package. Each individual policy must be referred to for specifics of coverage provided. Any comment we make here are illustrative only and your insurer may expand on or deminish the coverage based on the policy langauge in the specific contract you purchase. Again we advise you that you must read your policy carefully.