Welcome Professional Property managers, and thank you for the excellent work you do for your community! We provide a resource for Property Managers like you!
CAIS believes every community benefits when professionally managed. For over 25 years, our organization has worked to help Managers solve problems. Many of the issues associations encounter are insurance related. Luckily, we’re at our best helping you and your Boards achieve your primary objective: Asset Protection and Enhancement. We provide Managers tools to help your Board make educated decisions around a variety of critical issues.
Here are the top five insurance coverages that every association needs:
Commercial Package Policy (Property & Liability)
Directors and Officers with Employment Liability Insurance (D&O with EPLI)
Crime (Employee Dishonesty or Fidelity Bond)
Payroll or Volunteer ("If-Any") Workers' Compensation
Umbrella (Excess Liability)
ATTENTION MANAGEMENT COMPANY OWNERS AND BUSINESS LEADERS:
A WORK-RELATED INJURY AT AN ASSOCIATION YOU MANAGE MIGHT BE YOUR BIGGEST BUSINESS RISK!
Your Management Company’s WC Policy is likely one of the largest line-items in your operating budget. Did you know that one uninsured loss at an Association you manage could DRAMATICALLY IMPACT YOUR PREMIUMS and/or COVERAGE ELIGIBILITY? CAIS can help your company AVOID this potential PROFIT-ROBBING event with our program: The PMA ‘If-Any’ Workers' Compensation Policy.
We offer a flyer with examples of claims that have been incurred by board members/volunteers! You may download and print the flyer for your board members.
Common MC-CEO response to this situation:
1. I’m protected because we ALWAYS get current certs.
That’s a GREAT first step, but certs do not always mean coverage actually exists.
2. Even if there IS an incident, I have an indemnity agreement.
Again – excellent protection and likely enforceable but at what cost to you and your customer? You and your
Associations can avoid ALL of this exposure… we’ll show you how!
Property Managers Professional Package Product
Eligible types of properties managed include, but are not limited to: Apartment, Condo/Homeowners association, Office Building, Vacation property, Cooperative, Individual home, Shopping Center/Mall/Warehouse/Industrial. New Ventures are eligible. Risks with revenues up to $5,000,000 (exception: $10,00,000 for community association managers). CAIS offers this product through local Insurance Agents.
If you’d like to learn more about insurance protection for your Management Company or for your Community Association customers, please contact:
Director of Sales and Distribution
T: 888.833.4158 Ext. 109