Contingent Liability Insurance for Real Estate

McGowan Contingent Liability Insurance

Contingent liability (also referred to as indirect liability or vicarious liability) is a debt or loss that may occur in the future for a business. There are several categories of contingent liabilities and rules that govern how they must be reported. Examples include lawsuits, investigations, and audits. Each presents a unique risk of loss. Essentially, […]

More Americans are Renting: How Owners Should Respond

renting apartments

According to recent research, more U.S. households are now comprised of renters than homeowners. That has many implications for community associations, property management companies, and other real estate professionals as they seek out insurance products that fit their most important needs. The homeownership rate in the U.S. had been trending down for some time, but […]

Real Estate Insurance For Apartments

Real estate insurance protects your investment in an apartment building.

When purchasing a policy for an apartment building, carefully consider which one will best serve the specific uses of your property and the risks that go along with them.

As Real Estate Market Booms, Insurance Becomes More Important

Following the collapse of the real estate market during the Great Recession, this sector of the economy was devastated. As credit lines dried up and the demand for new residential, commercial and industrial buildings disappeared, many construction firms and real estate agencies had to either massively trim back operations or close their doors altogether. However, […]

3 Reasons Your Business Needs Real Estate Agents E&O Coverage

Devil's in the Details

The devil is in the details – a phrase that real estate agents know very well. All the specific minutia that they have to manage – the various clients that they have to deal with, and the numerous properties that they have be knowledgeable on – it’s understandable that sometimes small details slip through the […]