North Bay Property managers have a need for proper insurance coverage. Property managers often get caught between the owners and tenants. There is increased litigation holding all professionals to a higher standard, and that includes property managers. In addition, property managers who have an equity interest in the property have increased risks that often lead to conflict of interest claims. Property Management Insurance form North Bay Insurance Brokers addresses the many unique risks property managers face.
- Tenant Discrimination insurance – Property managers are covered when current, prospective or former tenants allege wrongful discrimination.
- Errors and Omissions Coverage – Errors and omissions coverage protects property managers against liability claims from third party financial losses resulting from failure to perform duties as a professional.
- Builders risk insurance – Many property managers make the mistake of having the contractor purchase builders risk insurance on their behalf. We recommend the property manager secure the coverage in their name.
Property management firms have many exposures that can lead to lawsuits. Dealing with owners, residents, employees, vendors, and regulatory authorities of both residential and commercial properties can, and does, lead to lawsuits. Things can go wrong, and the property manager is always the one in the middle of the problem.
North Bay Insurance Brokers, Inc. provides industry-specific insurance to businesses in Sonoma, Napa, Marin, Santa Rosa, Petaluma, American Canyon, and surrounding areas.
Every industry has specific needs when it comes to insurance. Industry-specific risks make it impossible for insurance companies to lump together one insurance plan for every business. At North Bay Insurance Brokers, Inc., we understand that being unique is what makes your business successful across the board. That’s why we provide industry-specific insurance options for businesses of all types.