MICHIGAN · PROPERTY MANAGEMENT

Property Management Insurance for Michigan firms.

Most generic real estate E&O leaves Michigan property managers exposed. PBI Group writes a PM-specific endorsement that responds to failure-to-maintain, habitability, rent collection disputes, and mismanaged deposit claims under Michigan Department of Licensing and Regulatory Affairs (LARA).

We recently worked with PBI Group to obtain a quote for our E&O coverage, and the experience has been outstanding. Both Leighton and Paul have been incredibly responsive, professional, and thorough throughout the entire process. They took the time to explain everything in great detail, ensuring we fully understood our

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options and coverage. It’s been a pleasure working with such a knowledgeable and supportive team, and we look forward to continuing our relationship with them. Highly recommend for your real estate errors and ommissions as well as cyber insurance for your real estate brokerage!

Thank you for all your help in determining what was the best real estate E&O insurance for me. The comparisons and quotes from three different companies were extremely helpful in my decision. I was impressed with your knowledge of the policies and also appreciated your patience in answering my questions.

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The time you took with me was greatly appreciated. The best part of our dealings is that when I made my decision, I felt that I had a good grasp of what coverage I needed, and understood my policy.

Christopher Dittes at PBI Group has been my provider for nearly 7 years now. I can't say enough about how pleased I am with his service and super fast responses to any requests I have. He is on the ball and does everything he can to help. He makes the process super easy and is very thorough in explaining the policy.

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I would 100% recommend him to any person needing an E&O insurance policy for their real estate brokerage. Also, most importantly he was just about $300.00 less per year with the same coverage, compared to two other providers. While I'm not happy that I have to pay for insurance lol, I am happy with the price and service of the PBI Group.

Paul has guided our small business through its growth and the challenges it created. As small business owners, the ability to rely on a real estate E&O expert for something as important as our insurance needs is critical and allows us to sleep at night. Excellent service combined with a high level of expertise.

Excellent service & communication

So far so good. Paul Bondy at PBI Group is very knowledgeable and helpful with any questions about real estate E&O insurance. This is the start of new coverage but already, I am saving a ton of money with broader E&O protection. Outstanding so far.

What makes PM E&O different in Michigan

Michigan property managers operate under Michigan Department of Licensing and Regulatory Affairs (LARA) rules. Trust account compliance, habitability, and tenant disputes are the most-cited claim categories. Generic agent-side E&O policies aren't built for these — PM-specific endorsements vary widely between carriers.

PBI Group's PM endorsement responds to the five common claim categories Michigan property managers actually face:

Failure to maintain — habitability complaints, repair tickets ignored, slip-and-fall on flagged hazards
Rent collection / eviction — wrongful eviction counterclaims, harassment allegations, security deposit disputes
Mismanaged trust accounts — regulator audit issues, commingling claims
Vendor selection — contractor negligence claims pulled into the PM's E&O
Owner disputes — disagreements over PM authority, fee structure, or reporting

Michigan regulator and PM-specific rules

Property managers in Michigan operate under Michigan Department of Licensing and Regulatory Affairs (LARA). Trust account compliance is typically the most-audited area; our policy form responds to defense costs and regulatory representation in those proceedings, including the deposition phase that pure agent E&O often excludes.

Coverage written for the PM book

Most generic real estate E&O policies are written for the agent-side activity (listings, sales, dual agency). Property management exposures don't fit that mold. PBI Group's PM endorsement extends the policy form to:

Habitability / failure-to-maintain claims
Rent collection and eviction disputes
Trust account audit and regulatory defense
Vendor selection liability
Owner/PM contract disputes

How PM premium scales by door count

PM premium typically scales with door count, not headcount. We segment by units under management and mix of single-family vs. multi-family. Michigan firms operating between 100–500 doors fit the strongest premium tier under our program.

You'll be surprised how affordable the best can be.

Let PBI Group get you a quote — no fluff, no pressure, just a fair price for strong coverage.

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