Introducing Property Manager Professional Package

The CBIZ Property Management Professional Standard packed includes:

• Errors and omissions provides coverage if sued while providing professional services in the management or leasing of property
  • Automatic wrongful eviction coverage provided for the management of residential property
  • Personal injury coverage included at no additional premium
  • $50,000 sublimit for bodily injury and property damage done during an open house, property showing or the use of a lockbox included at no additional charge*
• Coverage available for the management of insured’s personally owned property
• Additional insured status automatically provided for any entity for whom the named insured has agreed to provide professional services
• Policyholders have access to many services through our Business Resource Center that will assist in growing and protecting their businesses

* Available in most states.

Yes, our policy has several optional add-ons coverages:

• Tenant discrimination optional coverage for defense and indemnification if sued by a third party for allegations of discrimination
• Employment practices liability optional coverage if sued in your capacity as an employer for wrongful employment acts; our product also offers coverage for individuals who are employed by the owner of the building being managed
• The coverage offering may be expanded to include general liability coverage for the Property Manager’s office location(s), as well as comprehensive business personal property insurance
• Optional coverage extended to managed individuals employed by the owner of the building or complex

Yes, our policy is specifically tailored for property management professionals and their unique set of risks.

No, this is primary coverage for you as a property management professional.

Property managers are commonly added as an additional insured on the general liability policy of the owner of property being managed, covering the property manager for the exposures at the managed location; however, property managers need coverage for bodily injury and property damage that occurs at their own office.

And, most importantly, Property Management Professional insurance helps protect you if a client alleges you were professionally negligent or failed to perform the duties stated in your contract.

On average, our Property Management Professionals policies start within a week or less of their completed application.

The Property Management Professional Package is underwritten by USLI, a member of the Berkshire Hathaway family of companies and is rated A++ by A.M. Best.