National Condo & Apartment Insurance Group Property Management Coverages
The National Condo and Apartment Insurance Group offers coverage that every property manager should consider, including General Liability Coverage, Umbrella Coverage and Directors and Officers Liability Coverage.
Let us help you ensure these necessary coverages aren't passed over, with great products at a great price.
Property Managers E&O / Professional Liability
The number of resident discrimination cases and employment-related cases against property managers are on the rise. Courts have held property managers with an equity stake in the property to a higher standard of care. Protect yourself with property managers professional liability insurance.
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General Liability Coverage
The commercial general liability policy provides the insurance protection needed to pay damages for bodily injury or property damage for which the insured is legally responsible.
Business Auto Coverage
The business auto policy provides both liability and physical damage coverage for insured vehicles.
Property insurance is any type of insurance that indemnifies an insured party who suffers a financial loss because property has been damaged or destroyed.
Inland Marine Insurance
The property covered on the contractors floater might range from simple hand tools to very large cranes. Virtually any type of mobile equipment or tool can be insured.
Umbrella liability insurance provides excess liability coverage over several of the insured's primary liability policies.
Property managers professional liability (Errors and Omissions) Provides coverage if sued while providing professional services in the management or leasing of property. Coverage can include automatic wrongful eviction coverage provided for the management of residential property and personal injury coverage. Also resident discrimination optional coverage for defense and indemnification if sued by a third party for allegations of discrimination can be added.
Directors & Officers Liability Coverage
Directors and Officers (D&O's) are held responsible for implementing sound corporate policies and procedures and for monitoring management's implementation of such procedures. This can include day to day decisions such as sound investment management, release of non-public information, conflicts of interest, hiring and firing decisions, corporate policies regarding discrimination, sexual harassment, benefit plans, merger and acquisition activity just to name a few. Simply put, D&O is professional liability for decision makers.
Workers' compensation law is governed by statutes in every state. Specific laws vary with each jurisdiction, but key features are consistent. An employee is automatically entitled to receive certain benefits when she suffers an occupational disease or accidental personal injury arising out of and in the course of employment. Such benefits may include cash or wage-loss benefits, medical and career rehabilitation benefits, and in the case of accidental death of an employee, benefits to dependents. The negligence and fault of either the employer or the employee usually are immaterial. Independent contractors are not entitled to workers' compensation benefits, and in some states domestic workers and agricultural workers are excluded or only partially covered.
It is the goal of workers' compensation to return the injured employee quickly and economically to the status of productive worker without unduly harming the employer's business. A worker whose injury is covered by the workers' compensation statute loses the common-law right to sue the employer for that injury, but injured workers may still sue third parties whose negligence contributed to the work injury. For example, a truck driver injured in a rear-end collision by an unemployed third party would be entitled to collect workers' compensation and also to sue the third party for negligence. In such cases a plaintiff who recovers money from a third-party lawsuit must first repay the employer or insurer that paid workers' compensation benefits. The plaintiff may keep any remaining money. Many jurisdictions permit the employer or its insurer to sue negligent third parties on the employee's behalf to recover funds paid as workers' compensation benefits.