QBE North America and Stateside Launch New E&O Program for Property Managers

New E&O Program by QBE North America and Stateside Underwriting

QBE North America has teamed up with Stateside Underwriting Agency to introduce a new Errors & Omissions (E&O) program specifically designed for property managers, including those involved in construction and property development. This innovative program, announced on March 3, 2025, addresses the unique challenges that property management professionals face today.

Danielle Librizzi, the head of professional liability at QBE North America, expressed enthusiasm for this launch, highlighting how the program is aimed at meeting the dynamic needs of property managers. "We are thrilled to launch a new E&O program that addresses the dynamic needs of property managers and enhances their capability to mitigate risks effectively," Librizzi stated. She emphasized the importance of collaboration with long-term partner Stateside Underwriting Agency to deliver exceptional value and service.

The newly introduced E&O program offers primary policy limits of $5 million per claim and $5 million in aggregate. This extensive coverage is targeted primarily at property management professionals and encompasses additional services like Residential Real Estate Agent or Broker services, Property Development Management, Construction Management, and Leasing services.

Chad Gaizutis, vice president of Stateside Underwriting Agency, provided insights into the complexities property managers face. "There is no such thing as an 'easy button' for managers of residential and commercial properties, and their responsibilities come with significant challenges and risks," he remarked. Gaizutis pointed out that the collaboration with QBE leverages their collective expertise in niche products and markets, allowing them to create an insurance program that offers tailored coverage as property managers deal with evolving hazards and exposures.

About Stateside Underwriting Agency

Stateside Underwriting Agency (SUA), a division of Johnson & Johnson, Inc., has been writing professional liability coverage for nearly 30 years. SUA has built a solid reputation for developing and maintaining specialized programs that provide insurance solutions across various niche markets.

About QBE North America

QBE North America stands as a global leader in insurance, dedicated to helping customers navigate unique risks, enabling them to remain focused on their futures. As part of QBE Insurance Group Limited, QBE North America reported gross written premiums of $7.3 billion in 2024. The company, headquartered in Sydney, Australia, has operations in 26 countries, maintaining a strong presence in essential insurance markets globally.

In conclusion, the new E&O program represents a significant step forward in offering tailored insurance solutions for property managers, reflecting the changing landscape and increasing demands of the industry. For more information about the E&O Program or QBE North America, interested parties can visit their official website or connect with them on social media!