Quote:
| Originally Posted by Admin The instrument you are looking for would best be handeled by your regular property and casualty agent. |
a bond to cover my employees if something was taken from the property by the renters? Here's the scenerio:
-I have a property worth 1 mil and another 1 mil worth inside the prop
-I have insurance covering the property to an adequate amount
-I have my two property managers that care for the property
-If a 10k lamp were to end up missing, my insurance would be able to write me the check but my rates would go up.
-My insurance company could possibly go after my managers for the loss b/c the fault was on their watch.
-I want to cover my managers with a bond so that 1. my insurance rates are reduced and 2. my managers don't have to worry about being attacked by my insurance company in the event (although unlikely) something happened.
Does this make sense? Thanks again for the education.
Respectfully sent