Risk Eligibility

  • Property managers of residential and commercial properties and those involved with real estate sales*
  • Commission income up to $10,000,000 for community association managers and $5,000,000 for all other property managers
  • Property managers with an equity interest in the property being managed provided that the applicant does not manage or lease properties constructed/developed by the applicant or by any related entity
  • The following types of managed properties:
    • Condo/Homeowners associations
    • Office buildings
    • Warehouse/Industrial
    • Apartments
    • Cooperatives
    • Vacation properties/Individual homes
    • Shopping centers/malls
  • New ventures are eligible

*If involved in Real Estate sales, please reference the Real Estate Product Underwriting Guide

Contact an Underwriter at 877-742-9875

SUBJECT TO UNDERWRITING REVIEW

  • Up to two errors and omissions claims or circumstances in the past five years

AVAILABLE LIMITS

  • Errors and omissions up to $5,000,000
  • Tenant discrimination coverage up to $250,000 limit/$1,000,000 aggregate in most jurisdictions
  • Employment practices liability coverage up to $5,000,000 in most jurisdictions
  • General liability up to $1,000,000 limit/$2,000,000 aggregate
  • Personal property up to $250,000

DEDUCTIBLES

  • Errors and omissions starts at $2,500
  • Tenant discrimination starts at $2,500
  • Employment practices liability starts at $10,000
  • Commercial package liability deductible is $0 with property deductibles starting at $1,000

MOST COMMON INELIGIBLE RISK CHARACTERISTICS

  • Management or leasing of properties constructed/developed by the applicant or by any related entity
  • Involvement in setting up Real Estate Investment Trusts (REITS)
  • Residential managers specializing in the management/leasing of high-valued properties ($1,000,000 for individual apartments and $2,000,000 for condo/homeowner associations and 1-4 family dwellings)
  • The following operations:
    • Farm management
    • Hotel/motel management
    • Country club management
    • Asset management
  • Located in AK, LA or WV

NOTE: Ineligible risk characteristics include, but are not limited to those listed above.

CONTACT AN UNDERWRITER FOR MORE INFORMATION AT 877-742-9875 OR CLICK HERE TO FILE A SUBMISSION