Does your Property Managers Errors and Omissions program have the valuable coverage enhancements that you need to provide a comprehensive approach to the E&O needs of Property Managers?

Check out the important coverage features that our Property Managers E&O program offers that are often overlooked by other coverage forms.

•  Professional Services includes coverage for both Property Management and Real Estate activities.
• Claims alleging Fair Housing Discrimination Act violations: Legal defense is provided up to the limits of liability. Loss, other than defense costs, is covered subject to sub-limit.
• No exclusion for Failure to Place or Failure to Maintain Insurance.
• Personal Injury coverage includes coverage for Wrongful Entry, Invasion of Privacy and Wrongful Eviction.
• Consent to Settle – No maximum on carrier’s liability in the event an insured refuses to consent to a recommended settlement (subject to applicable limits).
• The definition of loss includes punitive and exemplary damages where permitted by law, most favorable jurisdiction language, and pre- and post- judgment interest.
• Conduct exclusions are subject to final adjudication requirement.
• Exclusion for Bodily Injury and Property Damage does not apply to Consequential BI/PD, subject to underwriter approval.
• Civil Administrative and Civil Regulatory proceedings are included in the definition of claims.
• Pollution extension for Third Party Financial Loss, subject to sub-limit.
• No Breach of Privacy exclusion.
• Allocation – 100% Defense costs for claims alleging both covered and uncovered matters.
• Reporting – Notice of circumstances which could give rise to a claim may be reported during ERP, if purchased.

To learn more about New Empire Group, Ltd. visit our website, www.NewEmpireGroup.com or find us on Facebook, LinkedIn & Twitter!

Check out the great Insurance Programs for Condominium Insurance, Cooperative Insurance, Apartment Insurance and Property Manager’s Insurance that New Empire Group, Ltd. offers!

New submissions can be sent to: [email protected]