Property Management Blog

Why You Should Add Your Nashville Property Manager as an Additional Insured

Beverly Browning - Tuesday, March 21, 2017


You need to add your Nashville property management company as an additional insured on your landlord insurance policy, and today we’re telling you why that’s so important. 


Managing Risk and Liability 


Property management in Nashville requires that we take on risk and liability while managing your investment. While professional property managers carry general liability and E&O insurance, those policies only cover things that are a result of the services provided. If something happens concerning the home itself, such as a burglary, a water leak, or a fire, there is no coverage for the property manager. So, we take on the risk without having the protection against claims or lawsuits. That’s why a good property manager will require landlords to add them onto the liability policy as an additional insured. All parties need to be covered for these types of events, including your property manager. 

Insurance Options 


Occasionally, you’ll run into an insurance company that does not allow the property manager to be added as an additional insured. Or, you might find that your insurance company includes an extra cost for this addition. If you find this is the case with your insurance company, talk to your property manager. They will likely maintain a list of reputable insurance companies who have added them as an additional insured previously without an additional cost or hassle. That will give you options when it comes to choosing the right company and coverage.  

It’s important to have your property manager covered by your policy. They cannot buy that type of coverage on their own, so you need to make sure they are protected for the things we talked about, like fires or floods or other similar events. 

These are the reasons we ask to be added as an additional insured on your insurance policy. If you have any questions about this or the insurance required for Nashville property management, please contact us at Browning-Gordon Property Management.