Property Management Licensing Practice Exam · Question
Which type of insurance protects a property manager against claims of negligence or errors in their professional services?
Errors and Omissions (E&O) insurance specifically covers property managers (and other professionals) for claims arising from mistakes, negligence, or profession
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Question: Which type of insurance protects a property manager against claims of negligence or errors in their professional services?
Answer options:
- Property insurance.
- General liability insurance. ✅ Errors and Omissions (E&O) insurance.
- Life insurance.
Correct answer: Errors and Omissions (E&O) insurance.
Explanation: Errors and Omissions (E&O) insurance specifically covers property managers (and other professionals) for claims arising from mistakes, negligence, or professional errors in the delivery of their services.
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