Accidents impact the value of the property and can result in litigation.

The “fear” is a car accident where you hurt or kill someone.

It’s when you DON'T know what you’re doing that it's easy to get caught up in deals where things go south, you say the wrong things, and you can be seen as unethical… even if by accident.

He did a horrific job.

Lastly, god forbid a tenant with a small child tragically suffers a pool accident.

A rooming house is a bad idea in general, but dealing with the city of Newark on something like that would be horrific.

I assure you, accidents happen and plumbing fixtures do fail so we're all much better off following good, logical codes.

In the contract verbiage it states that the PM company will not be held responsible for any accident, injury, death or damages in/on the property or surrounding areas that are resulting from the condition, maintenance or operation of the property.I am an out of state investor, so to know if there are any concerning hazards it would be from them notifying me.  

Outside attacks (from your personal self-- like you causing a car accident and them coming for your assets); protect these with other insurance and a personal umbrella policy

Core cutters cut cable by accident in support of plumbers repairing drains.