Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
These policies provide coverage for the most frequent risks faced by property managers:
General liability (GL) insurance covers you if you or your employees negligently caused an injury or damage to any of the properties under your management portfolio. Also, if a resident slips and falls, GL provides coverage for claims against you.
Errors & Omissions (E&O) insurance (or Professional Liability Insurance) protects property managers from inherent business risks. These include the failure to purchase appropriate property insurance, causing a loss for the property owner. E&O insurance also covers your legal defense costs, settlements, or judgments you may be required to pay.
Workers Compensation provides wage replacement and medical and rehabilitation benefits to employees who get sick or injured on the job. It is a state-related insurance which you need to carry if your business meets certain requirements of your state.
This organization is made up of companies that manage both residential and non-residential estates. Examples include condominium managers offices, commercial property managing, apartment managers offices, and real estate property managers offices.
As property managers, you're establishing yourself as a professional in your field. That's why it's important to have insurance as it not only provides your business with credibility but also protects yourself and the properties you manage for others.
Below are some of the common risks property managers can face:
The cost of insurance for property manager varies depending on your budget, the number of employees you have, and the coverage required. To find out the cost of your insurance, simply apply online and we'll send your free quote in minutes.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
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