Mitigating Landlord Risk by Adding a Property Manager as Additional Insured
As a property owner, protecting your assets is a top priority. One of the most effective strategies landlords can implement is hiring a property manager to limit exposure to risks and handle the complexities of managing rental properties. To enhance this protection, add...
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Umbrella insurance is a valuable tool for real estate investors to mitigate liability risks. This is especially true for those who do not hold their properties under Limited Liability Companies (LLCs) as umbrella policies can provide an extra layer of protection beyond the l...
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Why PMI James River Requires Contractors to Name Us as Additional Insured
At PMI James River, we prioritize protecting our clients and their assets, as well as our contractor partners. As part of this risk management strategy, we require all contractors to name PMI James River as an Additional Insured on their General Liability insurance policies, and ...
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A Primer on Insurance Requirements for Contractors Working with Property Managers
Property managers operate in a complex and high-risk legal environment, where contractor compliance with insurance requirements is paramount. For companies like PMI James River, ensuring that contractors carry the necessary coverage is not just a best practice—it’s a ...
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