property management liability insurance

property management liability insurance

Property management liability insurance has a narrow coverage. At present, the insurance company's property liability insurance is based on the premise that the property management company will bear the responsibility only in the case of negligence or negligence, and the insurance company can be exempted from liability.

In recent years, with the increasing awareness of property users to protect their rights and interests through legal weapons and the sustained development of the property management industry, the contradictions between property users and property management companies are increasing, legal disputes are constantly increasing, and the amount of claims is increasing. Property management companies are faced with the huge problem of how to transfer risks. In order to improve the anti-risk ability of property management company's meager profit operation, this paper discusses the risk responsibility of property management from many aspects.

As a new trinity management model, property management is a professional management model integrating service, management and operation, which is very suitable for housing system reform and comprehensive development of urban real estate. In the reform of urban management system, property management mode has become a mainstream mode and has been widely used. However, it is difficult for property management companies to avoid damage to the property and personal safety of property users due to negligence or negligence, and victims can claim compensation through law.

In view of the increasing variety of commercial insurance and property management services actively launched by various property companies, it is necessary to improve the ability to resist the risk of compensation for personal and property accidents caused by sudden, uncontrollable, unpredictable or other factors in daily services. Facing the objective risks, we must identify, estimate and analyze the risks, carry out necessary management, and implement effective measures to eliminate, reduce or transfer the risks.

1 Status of Property Management Liability Insurance in China

At present, the property management liability insurance in the insurance market has not yet formed a scale, and it is in an embarrassing situation, so it is difficult to establish a new growth point of insurance business. For the insured, they are either dissatisfied with the claims service or feel that the money is wasted, resulting in related insurance disputes. The insured does not buy it, and neither does the insurance company.

1. 1 The development of the property management industry is not standardized enough.

At present, there is no effective demand in China's property liability insurance market. People's Insurance Company of China introduced this insurance for the first time in September 2000, but it was not until the end of 200 1 that the first order was signed in Shenzhen. ? Law of large numbers? It is the basis of insurance operation, and it needs to underwrite enough risk units to spread its risks. Because there are not many insured units, it is difficult for insurance companies to spread risks, and it may still appear. Adverse selection? Risk, had to simply refuse to underwrite a few policyholders or set a higher rate level, leading to a vicious circle.

Insurance companies have high payout ratio and limited premium income, which greatly affects their enthusiasm. China's market economy competition and the characteristics of the property management industry are the fundamental factors that cause this situation. Property management companies still have problems of poor efficiency and low management level. Most residential property management companies are difficult to maintain, and management fees have been confiscated, let alone buy insurance.

1.2 lacks a sound legal system.

Property management liability insurance is in the process of professional service. According to law? Be liable for economic compensation for personal injury or loss caused to third parties or service consumers due to its negligence. Therefore, the focus of insurance liability judgment is that there are laws to follow, which is also the foundation of this insurance contract. The protection of consumers' rights and interests in China has been fully explained by the Regulations on Property Management Responsibility. However, for property management companies, the lack of detailed provisions to determine their economic compensation responsibilities, the lack of cases to follow in the specific law enforcement process, and the lack of specific laws and regulations have led to great problems in determining the conditions under which property management companies should bear economic compensation responsibilities and the amount of compensation.

There are many shortcomings in the product development of insurance company 1.3.

Property management liability insurance has a narrow coverage. At present, the insurance company's property liability insurance is based on the premise that the property management company will bear the responsibility only in the case of negligence or negligence, and the insurance company can be exempted from liability. Obviously, it is difficult to promote the development of property management companies through adequate protection at present. There are two major differences between insurance companies and property management companies: the first is the scope of insurance, and the second is the amount of insurance policy. For property management companies, greater insurance coverage is their goal.

However, the greater the insurance coverage, the greater the risk that the insurance company bears. For insurance companies, the larger the policy amount, the more profitable it is. Uncontrollable risks are the focus of insurance companies' concerns. For every property management liability insurance insured, the responsibility identification is the key, that is, the exclusion liability in the insurance contract (no insurance company needs to pay) and the identification of insurance liability. Insurance companies and property management companies should discuss the details of their insurance in detail. After reaching an agreement, PICC Property will issue a plan, and then both parties will negotiate its price. The promotion of this insurance business is largely affected by the complexity of its problems, and it is impossible to form a quantitative insurance standard.

2 How to carry out property management liability insurance

2. 1 Organize the industry to implement unified property management liability insurance and forcibly introduce the insurance system.

In order to protect consumers' rights and interests, many professional liability insurances are listed as statutory compulsory insurance in developed countries. The necessary condition for personnel to practice or establish professional service institutions is to insure professional liability insurance. Property management liability insurance has become very common in many places. In Hong Kong, the cost of such insurance accounts for a considerable proportion, which is equivalent to 20% to 30% of the total property management cost. Because China's property development is still in the primary development stage, the industry authorities and insurance companies can sign the industry unified insurance agreement first.

2.2 Improve the development level of insurance products and accelerate the development of new products for property management liability insurance.

Insurance companies should further improve and supplement the existing liability insurance products according to the characteristics of the industry, and property management companies should choose additional risks according to different needs, which can not only ensure the limited expansion of insurance liability of insurance companies, but also fully protect property management companies.

Most property management companies with insufficient funds can use it? Strengthen risk management and insure basic insurance? For policies, reduce the cost of risk control. The development of insurance industry must keep pace with the progress of economy, law and society. The vigorous development of real estate industry has brought huge development space to property management. Insurance companies must be constantly familiar with the property management industry, conduct in-depth research, actively carry out market research, formulate a reasonable insurance premium rate system, and fully develop new products to meet the needs of different levels of property management. Further expand the coverage of property insurance, so that the economic role of insurance can be fully played.

References:

[1] Pan Yuling. Property management liability insurance is embarrassed [J]. China construction news, March 2004.

[2] Guan Huanfei. On the virtuous circle of insurance economy [J]. In terms of economy, 1986(2).

;