Insurance companies continually evaluate their losses and exposure. Then they target the areas of the casualty business where they think they need to increase, or decrease business, to better balance their risk.
The Insurance Services Organization (ISO) developed standardized language for business and property policies that have been used by most insurance companies in most states since the mid 1970s.
Protecting Tenants from the Manager or Maintenance Employees
A tenant who gets hurt or has property stolen or damaged by an employee could sue the property owner for failing to use due diligence in employee screening or supervision.
A last note before you explore our additional insurance pages: When you select a company or agent, always consider their reputation for claims service along with their price.
Buying Insurance & Avoiding Risk | Property Insurance & Coverage | Commercial General Liability | Tenants Insurance | Broad Form Coverage | Perils Insured Against | Broad Form Conditions
The above topics are discussed in much more depth on our members' Rental Property Insurance page.