Published: March 28, 2016
As a reminder, Colorado is requiring that all Property Association Managers carry E&O insurance and our product is D9 Errors and Omissions compliant. Our minimum premium for E&O in Colorado is $1,152. Please see some of our product advantages:
Now is the perfect time to start thinking about the 7/1 renewals that are fast approaching. They must carry Errors and Omissions Insurance with a company that complies with the following:
USLI is licensed and authorized by the Colorado Division of Insurance to write policies of errors and omissions insurance in this state and is in conformance to all Colorado statues
- We have coverage specifically tailored for Property Managers. There are 5 different coverage options with separate limits (E&O, Tenant Discrimination, EPL, Premises Preferred GL and Property).
- Full prior acts coverage is available
- Additional insured status automatically provided for any entity for whom the named insured has agreed to provide professional services
- We can cover management of insured’s personally owned property
- Wrongful eviction coverage automatically provided for residential properties
- Full personal injury coverage included at no additional premium
- The insurance carrier maintains an A.M. Best rating of A- or better
- The insurance carrier agrees to immediately notify the director of any cancellation or lapse in coverage
- Defense limits of up to $1,000,000/$1,000,000 outside of limit
- Deductible no greater than $5,000
- Claims paid on first dollar basis
USLI’s Property Managers product is compliant with all of the above regulations! It provides competitive rates as well as coverage specifically designed for them.