Property Management Insurance

Property management involves unique responsibilities and liabilities. Alliance, as a leader in providing insurance and risk management services to community associations, property managers and condo association management, understands your exposures.

We understand the liability exposures of:

Managers Who Manage Their Own Properties
Managers with Both Management Services & Real Estate Sales
Residential & Commercial Property Managers
Condo and Homeowner Association Management

Professional liability insurance, also known as errors and omissions insurance, protects property and condo association management against liability claims stemming from a variety of client financial losses, including failure to perform. A general business liability insurance policy typically only covers personal or bodily injury or property damage, not financial damage caused by a mistake.

Here are just a few of the exposures of a property manager:

• Diminished Property Value - Due to Improper Maintenance of Managed Properties
• Loss of Income - Reduction of Rents Due to Poor Upkeep of Managed Properties
• Discrimination - related to Leasing of Property
• Discrimination - related to Implementation of Rules or CC&Rs of an Association Managed by a PM
• Wrongful Termination of Property Manager’s Employee(s)
• Wrongful Termination of Property Owner’s Employee(s) Under PM’S Supervision
• Claims involving the Properties Owned by a PM
• Claims by the Owners of Managed Properties against PM

Click here to obtain a free, no obligation property management insurance quote.