By Drew M. Smith
Mike has been working with NAI member companies for almost 15 years and is a frequent speaker, sponsor and exhibitor to the event. Having insured many of the network members, he is well respected in the NAI Network. Mike and his firm have insured hundreds of commercial real estate firms and given his background he can provide valuable insight into the risk management aspects of running a Commercial Real Estate firm.
In this session, Mike will discuss recent trends in liability for Commercial Property Managers. He will address E&O claims and trends as well as other emerging issues such as cyber and privacy risk, commercial crime, violence and certificate of insurance related issues. As more states enact legislation regarding personal and identifiable information, property managers should be aware of the current regulations and requirements and their potential liability in the event of a breach. Additionally, with an increase in gun violence, protesting and other similar issues, he will address the property manager’s responsibility for security and safety of tenants and guests of the properties they manage.
Smith is President of Axis Insurance Services, LLC which is a nationally recognized Professional Liability Brokerage. He is a long time sponsor and exhibitor for the NAI network and the NAI Property Management Council. He currently insures hundreds of commercial real estate firms including many fellow NAI Members in almost every state and deals with these issues on a daily basis. He is also a former practicing CPA, CFO and CEO and will share insights of the risk from both the prospective of the property manage as well as the plaintiff’s attorneys.
About Axis Insurance Services, LLC
Axis Insurance Services, LLC (AIS) is a licensed professional liability insurance broker located in Franklin Lakes, NJ with agents licensed nationwide. They offer access to high-quality insurance products in the areas of Errors and Omissions insurance (E&O), Directors and Officers liability insurance (D&O), Crime, Fiduciary, and Privacy/Network security coverage for today’s professional service firms. AIS works with all company types including commercial real estate firms, real estate agents and brokers, property managers, insurance agents, medical groups, practice managers, third party administrators, lawyers, accountants, architects, engineers and many others.
Axis Insurance Services Inc., is not affiliated with Axis Insurance Company or its subsidiaries or affiliates in any way.