- Appetite
- Property-professional PI route, with EL/PL, property, cyber and D&O options for the management business.
- Check
- Check managing-agent activities, residential block exposure and any valuation or surveying work.
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Reading the risk
For: Property management company
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What underwriters will focus on
Property management business: prioritise PI for management errors, alongside operational EL/PL; distinguish its own premises from buildings managed for clients. Underwriters will focus on residential/commercial split, client money, maintenance responsibilities and any cladding or fire-safety duties.
Where to start
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We found 187 UK markets that write property management company risks: 44 insurers, 126 MGAs and 17 Lloyd's markets. Commonly listed: Travelers, Tokio Marine HCC.
Client money handling, service charge accounting and fire safety duties in managed blocks drive the professional indemnity risk. Expect questions on professional body membership, block heights, cladding and claims.
managing agent, block management agent, residential property manager, lettings and management agent
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