Property Managers Errors and Omissions Insurance Program
Colonial General Insurance Agency, Inc. offers a specialized Errors and Omissions (E&O) Insurance program designed specifically for property managers. This program is tailored to protect professionals who manage residential or commercial properties and are exposed to liability risks due to errors, omissions, or professional negligence. Whether your client is managing a small portfolio of single-family homes or a large commercial complex, this program helps provide the protection they need to operate with confidence.
Ideal Accounts and Appetite
This program is designed for licensed or experienced property managers involved in the oversight, leasing, and operation of:
- Residential properties (single-family homes, apartment complexes)
- Commercial properties (office buildings, retail centers, industrial spaces)
- Mixed-use developments
Accounts involving a reasonable percentage of owned property may be eligible, though limitations apply depending on the carrier. Independent contractors and property managers who subcontract services can also be considered.
Example: You might have a client who manages a portfolio of small commercial buildings and hires subcontractors for maintenance services. This program can provide the E&O coverage they need, including protection for independent contractors.
Coverage Highlights and Advantages
Colonial General’s E&O program offers flexible coverage options through carriers rated A or better by A.M. Best. Key coverage features include:
- Access to admitted and non-admitted markets
- Coverage for both residential and commercial property management activities
- Spousal coverage included
- Coverage for independent contractors working under the property manager
- Prior acts coverage available for qualified risks
- Carrier-specific limitations on owned property managed
* Coverage terms and premiums vary based on the carrier and the specific nature of the risk.
Underwriting Notes
This program is underwritten through a combination of admitted and non-admitted markets, depending on the state and risk profile. Colonial General works with a variety of carriers to offer competitive and flexible solutions. While there is no stated minimum premium, accounts with clear operational procedures and professional experience will be viewed more favorably. Prior loss history and existing coverage can also influence underwriting decisions.
Territories and Availability
This program is available in the following states:
- Arizona (AZ)
- California (CA)
- Colorado (CO)
- Idaho (ID)
- Nevada (NV)
- New Mexico (NM)
- Utah (UT)
- Wyoming (WY)
Both admitted and non-admitted solutions are available depending on the state and carrier used.
Why Work With Colonial General Insurance Agency, Inc.?
Colonial General is a trusted Managing General Agency and Excess & Surplus Lines Broker with years of experience placing niche and hard-to-place risks. Their dedicated underwriting team understands the unique exposures faced by property managers and offers streamlined access to a wide range of quality carriers. By working with Colonial General, you gain a reliable partner that supports you with fast turnaround times, market expertise, and flexible coverage solutions tailored to your clients’ needs.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include property managers overseeing residential, commercial, or mixed-use properties. Managers who use independent contractors or manage a limited portion of owned properties may also qualify.
Is prior acts coverage available?
Yes, prior acts coverage can be provided for qualified risks, subject to underwriting approval.
Are independent contractors covered under this program?
Yes, coverage for independent contractors working on behalf of the property manager is available under this program.
Can this program be used for property managers who own some of the properties they manage?
Yes, but there are limitations on the acceptable percentage of owned property managed. These vary by carrier.
Which states is this program available in?
This program is currently available in AZ, CA, CO, ID, NV, NM, UT, and WY.
Need help placing an account? Connect with a market specialist.