Coverage to bounce you back
Being a property manager is a balancing act. You walk the wire, juggling landlord and tenant, leases and lawncare, codes and cashflow.
You’re expected to be a fortune-teller, too - predicting rental trends, budgeting future property needs and spotting good renters from bad
But all it takes is one mis-step and you could teeter and fall. And the business you’ve been building for years could come crashing down with you.
What if a client claims you’ve made a mistake which cost them and to recoup the money, sues you for professional negligence? You could find yourself in a different kind of circus – court. And that won’t just hurt financially, it might be a wipe-out.
Errors and omissions insurance acts as a safety net. If a claim is made against you – even if it’s groundless – it can cover legal fees and any damages you’re liable for.
It means you can walk that wire with your eyes fixed firmly on the horizon. Growing your business, without worrying about a wobble. Or the clowns.