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Lawsuits related to this industry are common, and failure to have the proper protection in place can leave your business exposed to unnecessary risk. Your clients also trust you to carry the right type of insurance to protect their biggest asset. The right policy can serve as an incentive to choose you as their property manager and will provide a tool to demonstrate your professionalism and care when acquiring new business.
Wrongful Eviction: As a property manager having the responsibility of evicting tenants when and/or where necessary, you have recently evicted a tenant. In evicting the tenant you did not follow the proper eviction process. The evicted tenant is now bringing forward a claim against you.
Tenant Discrimination: A potential tenant is claiming that you did not rent a property to them based on gender, race, or religion.
Resident Injury: A tenant or visitor falls and injures themselves on your property.
Property managers shoulder great risks on behalf of their clients. Protect your business and/or that of your clients with a property management insurance policy. Even if you operate in a completely professional manner, you can still be sued for wrongful eviction or tenant discrimination. Ensure your business and your clients are properly protected, talk to us today to know more about property management insurance.