Professional Liability for Property Managers and Real Estate Lessors
NAS Insurance Services offers a specialized E&O program for property managers and real estate lessors who provide management, leasing, or tenant-relations services for a fee. Built for agents and brokers placing professional liability for real estate professionals, this program helps protect insureds from the common and unique exposures that arise from managing rental properties, administering leases, and handling tenant interactions.
Ideal Accounts and Appetite
This program fits both residential and commercial property managers, real estate lessors, and in-house management teams. Appetite includes small portfolios up through larger professional management firms that oversee multiple units or buildings.
Examples of good-fit accounts include:
- A property manager overseeing 50+ residential units in a metro area.
- A commercial property management firm specializing in strip malls and retail centers.
- A real estate investment group with in-house management of rental holdings.
You might bring this market a client who needs tailored E&O with cyber protection after adopting digital lease-signing and tenant portals, or a management firm concerned about discrimination allegations tied to tenant screening and eviction actions.
Coverage Highlights and Advantages
NAS’ program addresses the exposures most relevant to property managers, combining professional liability with targeted extensions:
- Tenant Discrimination: Coverage for allegations such as wrongful eviction, discriminatory practices, or failure to reasonably accommodate current, former, or prospective tenants.
- Cyber Liability (NetGuard Plus): Broad first- and third-party cyber coverage designed for incidents involving tenant data, payment systems, online rental applications, and digital lease transactions.
- Professional Liability (E&O): Protection for claims arising from alleged errors, omissions, or negligent acts in the delivery of property management services.
Underwriting Notes and Minimum Premiums
This is a non-admitted E&S program underwritten through Lloyd's of London and other highly rated carriers. Underwriting is flexible to accommodate a range of account sizes, property types, and management structures. The program is structured for placements where niche professional and cyber exposures require specialized terms; the minimum premium starts at $2,750, subject to underwriting review.
Territories and Availability
NAS offers this E&O program through non-admitted carriers and can place business nationwide. The program is available in the following states and jurisdictions: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why Work With NAS Insurance Services
As a Managing General Underwriter and Excess & Surplus lines broker, NAS Insurance Services focuses on niche professional liability and cyber programs for the real estate sector. Their access to Lloyd's and other top-rated markets, combined with underwriting experience in discrimination and privacy exposures, helps agents place complex E&O accounts that need tailored solutions. NAS provides flexible underwriting, market access for difficult-to-place risks, and program terms that address both professional errors and modern cyber exposures—making it a practical option for agents expanding their E&O book in property management.