Errors & Omissions Coverage
Property manager's errors & omissions coverage.
Coverage Highlights:
- Duty to Defend
- Claims Made and Reported form
- Pay on behalf of wording
- Full Prior Acts coverage
- Covers wrongful acts anywhere in the world, suits to be brought in U.S., its territories or possessions, or Canada
- Definition of Insureds includes the entity, directors, officers, partners or members of the board of managers of the Named Insured, employees (including part-time, seasonal, temporary and leased)
- Extended Reporting Period (multi-year periods available)
- Spousal extension
- Loss includes punitive damages where insurable under law
- Automatic coverage for new subsidiaries with revenue up to 25% of Insured's revenues
