While insuring the physical structure of a property is crucial, it is equally important for you and your clients to consider the liability risks they face. Most property owners are familiar with the significance of carrying a property insurance policy, but the potential financial impact of liability incidents is often underestimated. A single liability claim can cost significantly more than a property loss, resulting in financial burdens such as legal fees, medical costs, and potential settlements. Thus, having applicable liability coverages is not just recommended, but essential for protecting your clients’ businesses. Below are brief outlines of REInsurePro’s liability offerings.  

Premises Liability (PL)

We cannot stress enough the importance of investors carrying at least a Premises Liability policy for any property they own. As the property owner, investors have certain legal responsibilities to ensure the safety of visitors, both invited and uninvited (e.g. trespassers or squatters). It is their duty to properly maintain the property, repair any potential hazards, and warn residents of potential dangers. Failure to adhere to these responsibilities may be considered negligence, and resulting injuries or death could get investors caught up in a lawsuit.  

REInsurePro’s Premises Liability includes coverage for: 

• Payment of bodily injury or property damage for which your client is legally obligated to pay 
• Medical expenses for the injured party 
• Coverage for carbon monoxide pollution 
• A sublimit for canine liability to protect your client in case of damage caused by a dog on your property 
• Defense costs such as counsel, court fees, and judgements 

*REInsurePro can offer Liability-Only policies as well as Vacant Land Liability.  

Our limits for Premises Liability start at $1 million per occurrence with a $2 million aggregate per policy period, per location. Higher limits of $1 million per occurrence, $5 million aggregate and $2 million per occurrence, $5 million aggregate are available upon request. Umbrella and Excess Liability policies are available to REInsurePro agents and their clients through our Program partner. Please contact your Sales Manager for a referral.  

Property Management Errors & Omissions (PMEO)

While some investors opt to hire a professional property manager (PM), others may choose to take on responsibilities themselves. These duties may include setting rent rates, screening tenants, managing leases, handling maintenance, and resolving tenant disputes, all of which open a whole new set of liability risks likely not covered by the investor’s Premises Liability. PMEO insurance is for property owners who self-manage their rentals and covers the unique liability risks associated with property management responsibilities.  

REInsurePro’s PMEO includes coverage for:  

• Exposures on the premises due to property management activities not covered by premises liability 
• Errors and contract performance disputes 
• Tenant discrimination in violation of fair housing laws 
• Defense costs such as counsel, court fees, and judgements 

GCGuard- Artisans & General Contractors Program

REInsurePro developed this General Liability Insurance Program for contractors and construction businesses. GCGuard helps protect your contractor clients’ businesses from claims of bodily injury or property damage due to negligence on the job site. 

REInsurePro’s GCGuard includes coverage for: 

• General Liability  
• Products and Completed Operations  
• Broad contractual liability offering 
• Blanket AI coverage enhancement  

Liability coverage is an indispensable part of any business. The policies outlined above provide essential protection against unforeseen incidents that could lead to significant financial burdens for your clients. If you have questions about liability risks or our coverage offerings, don’t hesitate to contact your Sales Manager.