Insurance for Building Managers
As a building manager, you are in a unique situation. Your role allows you to engage with both the building owners and the building’s tenants – allowing you to serve as the much needed intermediary, mediator, and sounding board. On Monday, you may be fixing equipment on behalf of a tenant. On Tuesday, you can find yourself negotiating lease contracts on behalf of the owner. This dynamic can be engaging and interactive, but it is not without its dangers.
As a building manager, you also face unique risks. Lawsuits and allegations can come from both renters and building owners. Since you act on the owner’s behalf, your role can bring on liabilities that are generally associated with building owners. For example, a tenant may blame you for failing to disclose certain hazards on the property you were trying to rent, or may blame you for a faulty roof that caused rain to leak into their kitchen. On the other hand, you are engaged by the owners to perform certain duties on their behalf and they may blame you for any failure to do this. By working with insurance experts like those at BuildingManagerInsurance.com you can secure the options you need to satisfy current customers, win new contracts and protect the business you’ve worked hard to build.
Insurance for the Buildings you Manage
In addition to working to protect those managing properties we also have services available to help managers secure insurance coverage on the buildings themselves. Rental properties can often be difficult to secure and condos present a unique series of risks. By partnering with us we can help you create value for your clients and lower costs for everyone involved.
We realize that showing value to the building owners is priority number one for any property manager. Saving money on expenses is one of the tangible ways value can be measured. Insurance is often a major line item in an owner’s cash flow statement and providing value here can have an impact in proving your firm’s overall value.
Whether it is calculating the proper Insurance To Value (ITV) of a property, discussing flood insurance, finding a superior directors and officers policy, finding alternative options that save money, or walking through the prudence of purchasing workers compensation on contractors, we are hear to assist you in bringing the most value to the properties you manage.
Complete Protection for Landlords and other Property Managers
Whether you are looking for insurance to cover your own assets, or to protect the assets of the properties you manage, we have the solutions you need to keep your business running at full speed.
As an independent brokerage, we are not tied in to a single insurance company or program – we work with them all. This allows us to give you unbiased advice on the best program, the most negotiating power of any available broker, and the ability to offer apples-to-apples comparison of multiple insurance options.
To learn more about ways to protect your business, please read our building manager risk management posts or turn to our services page to learn more about what we do.