General Liability 101: What You Need to Know in Las Vegas

We have some landlord advice for anyone looking to hire a professional property manager in Las Vegas. With us on today’s blog is Curt Bulloch from Bulloch Insurance Brokers, who specializes in property managers and insurance. If you’re wondering what you should be looking for in terms of insurance when you hire a property manager, Curt is going to tell us about what you need to see.

Property Management Las Vegas: Liability

Las Vegas landlords who own investment property and are looking to hire a property manager need to ask about two key coverages. These are professional liability, which is also known as Errors & Omissions, and general liability. The general liability insurance will cover anything that happens at the office as well as employees when they go out and show your property or cause damage.

Potential Property Management Claims

Recently, someone at a property that an agent was showing used the plumbing at that property. The toilet overflowed and damaged the property. The landlord had insurance, but the policy filed a claim against the property manager. There was no general liability coverage in place, and that property manager had to pay the claim out of pocket.

Property Management Office Coverage

Another coverage under general liability insurance is your physical office. If something happens like a fire, a theft, or a break in, and you have missing office equipment, those claims will be covered under general liability. You’ll also receive coverage for when an employee is running an errand in their car. If something happens, the loss will be covered under the non-owned auto coverage part of your policy.

There’s a lot more to talk about when it comes to property management and insurance. We’ll get to general-liability-101-what-you-need-to-know-in-las-vegascommercial insurance coverage and other topics at another time.

If you need any information about the insurance that your property manager should have, please contact Curt at Bullock Insurance Brokers. You can also contact us at Blackbird Realty with any Las Vegas property management needs.

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