PRMA General Liability
PRMA General Liability
General Liability for Multifamily Portfolios—Built for Today’s Risk Environment
In a market defined by tightening capacity, increased litigation, and evolving regulatory expectations, securing dependable general liability coverage for multifamily risks has never been more critical.
Program Highlights:
- Fannie Mae and Freddie Mac compliant, including coverage for A&B, Firearms, SAM, Animals, Human Trafficking, and Habitability.
- Minimum deductible: $5,000
- Minimum premium: $25,000
- Available in all 50 states
- No cap on number of units or locations
- While property placement through PRMA is not required, submitting both GL and property enables access to broader program benefits and pricing efficiencies
Ineligible Risks:
- Assisted living facilities or any locations with pull cords
- Mobile home parks or RV parks
- Adult or children day cares
- >20% Section 8 housing (section 42 is eligible)
- >10% Student housing
How to Access
To access this product, contact your current Amwins casualty broker or Caleb Turner.
Submission Requirements:
- Statement of Values (SOV), including:
- Occupancy type by location
- COPE data
- Security details
- Five (5) years of currently valued GL loss runs
- Loss summary
- ACORD application
About PRMA
PRMA is an association dedicated to supporting companies engaged in residential real estate, industrial/lumber mill, and agriculture (including swine and dairy) operations. Through an exclusive agreement with Amwins Brokerage, PRMA offers specialized property insurance programs tailored to these industries.
In addition to access to the insurance programs, membership provides valuable benefits designed to help companies operate more safely and strengthen their bottom line, including:
- Monthly newsletter
- Exclusive market intelligence and educational resources
- Access to vetted service providers
- Unique affinity programs
- PRMA property insurance program (subject to insurers’ underwriting approval)
