Block Management - Insurance
Ensuring all of your buildings are covered should there be any unexpected issues is vital. The block management insurance service can help you ensure you have insurance in place to cover all potential issues that may arise.
Why do property managers need insurance?
There are many reasons to secure block management insurance, including:
- Liability protection
- Property damage
- Protection against lawsuits
- Professional errors and omissions
- Contract requirements
Types of property insurance recommended
Buildings Insurance: this type of insurance covers the cost of repairing or rebuilding the structure of the building in the event of damage from events such as fires, storms, or vandalism.
Public Liability Insurance: this insurance provides coverage for claims made against the block management company for injury or property damage caused to third parties, such as visitors or contractors.
Employers’ Liability Insurance: if the block management company employs staff, this insurance is legally required to provide coverage for claims made by employees for injuries or illnesses that occur as a result of their work.
Directors and Officers Insurance: this type of insurance provides coverage for legal fees and damages arising from claims made against the directors or officers of the block management company for wrongful acts or errors in judgment.
Professional Indemnity Insurance: this insurance provides coverage for claims made against the block management company for errors or omissions made in the course of providing professional services, such as property management or maintenance.
Property Letting Insurance: property letting insurance is a type of insurance designed to provide coverage to landlords who rent out their properties. The insurance covers property damage, loss of rental income, contents and legal expenses.
Terrorism Insurance: in areas where the risk of terrorist activity is higher, terrorism insurance may be recommended to provide coverage for damage caused by acts of terrorism.
What are the benefits of using a block management insurance service?
There are several benefits to using a block management insurance service, including:
- comprehensive coverage
- customized policies
- expert advice
- claims management
- cost savings
Why Choose a Block Management Insurance Service?
The block management insurance team provides property managers with peace of mind and financial protection against a wide range of risks and liabilities that come with managing properties. They provide a service that is:
- reliable & responsive
- located nationally and near you
- corroborated by happy clients & positive reviews
Get in Touch
Want to ensure that you have all potential issues in your building covered? Give us a call for a FREE block management insurance quote.