Property Management
A Wyoming property manager's insurance requirements typically include:
AOnly the property owner's homeowner's policy
BProfessional liability (E&O) insurance for the management company and adequate coverage for the managed property✓ Correct
COnly the tenants' renter's insurance
DFederal flood insurance for all managed properties
Explanation
Professional property managers in Wyoming should carry Errors & Omissions (E&O) / professional liability insurance to protect against claims of professional negligence. The managed property should have adequate property, liability, and potentially umbrella insurance coverage, and tenants should be encouraged to carry renter's insurance.
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