Acting for an owner
Property managers
We arrange business insurance for property managers and explain how the proposals address the services they perform for owners. We check professional liability and crime terms separately from the building insurance.
What we check in the terms
- We describe the services you perform and subcontract
- We read the insurance requirements alongside accepted contractual duties
- We identify the entity controlling rents, deposits, and contractor payments
- We update the submission for new properties and expanded services
Policy conditions to understand
We check required insured parties and management activities in the actual policy and endorsements. A certificate can document the insurance but cannot add those terms by itself.
Information we use for the submission
- A current list of managed locations
- A representative management agreement
- A description of client-fund controls