Property Management
A South Carolina property manager who fails to obtain liability insurance for a managed property may expose the owner to:
AOnly minor fines
BSignificant financial loss if an injury or liability claim occurs without coverage✓ Correct
CSCREC disciplinary action only
DCriminal liability
Explanation
Without adequate liability insurance, property owners bear direct financial exposure for any injury or property damage claims on the premises. A prudent property manager ensures adequate coverage is maintained.
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