Real estate agents and property managers share similar risk exposures, but they also face unique challenges that require tailored E&O solutions. At Donald Gaddis Company, we understand these differences and offer a flexible Property Managers Insurance program designed to meet the evolving needs of both professions. As more real estate professionals expand into property management—especially in coastal and resort markets—it’s vital they have proper E&O protection in place. Our program helps agents and brokers place this growing class of business with confidence.
Ideal Accounts and Appetite
Our program is ideal for:
- Residential real estate agents with occasional or ongoing property management activity
- Commercial property managers handling multifamily, office, retail, or mixed-use properties
- Agents managing rental properties for third-party owners in both urban and suburban markets
This market is especially suitable for agents in resort areas, where selling and managing properties often overlap. Whether your client is a full-time property manager or a real estate agent taking on rentals during a slow sales cycle, we can help you find the right carrier and coverage.
Coverage Highlights and Advantages
Our E&O program covers a wide range of real-world exposures, including:
- Misrepresentation claims – such as incorrect school district or property disclosures
- Contract errors – including missed deadlines or mishandling of offers
- Third-party discrimination – coverage for tenant discrimination claims, often excluded under traditional policies
- Negligent referrals – liability for recommending other professionals like inspectors or appraisers
- Lock box incidents – sub-limits available for claims related to property access
We help agents avoid gaps in coverage by identifying carriers that offer key enhancements and clearly defined terms. Our expertise can make the difference in ensuring your client is protected before a claim arises.
Underwriting Notes and Minimum Premiums
Pricing varies by geography and risk profile, but programs generally start around $400 for residential agents and $1,000 for commercial-focused agents. We work with a fluid list of carriers to offer competitive options and can assist in matching your client to an appropriate market based on their operations and exposure level.
Territories and Availability
This program is available in most states, including key markets such as CA, FL, NY, TX, and IL. Admitted options are available in many states, and we can help navigate availability depending on your client’s location and risk type.
Why Work With Donald Gaddis Company?
As a wholesale broker with deep experience in professional liability and niche E&O markets, Donald Gaddis Company is uniquely positioned to help agents and brokers place property management and real estate liability risks. We understand the nuances of these professions and offer strategic market access, responsive underwriting support, and guidance through complex policy language. Let us help you find the right solution for your client before a claim happens.
Frequently Asked Questions
What types of accounts are a good fit for this Property Managers Insurance program?
This program works well for residential and commercial property managers, real estate agents with property management exposure, and firms managing third-party properties in urban, suburban, or resort areas.
Does this program cover tenant discrimination claims?
Yes, many carriers in our program offer coverage for third-party tenant discrimination, either by endorsement or exclusion modification. We help clarify how this applies to each policy.
What is the minimum premium for this program?
Minimum premiums typically start at $400 for residential-focused agents and $1,000 for commercial accounts, depending on location and exposure.
Is this program available on an admitted basis?
Yes, admitted options are available in most states. We can help determine availability based on your client’s operations and state.
Which states is this program available in?
The program is available in most states including CA, FL, TX, NY, IL, and others. Contact us to confirm availability in your insured’s specific location.
Need help placing an account? Connect with a market specialist.