Property Management company - wavier of right subrogation against agent
Is it common for a property management company to request a waiver by an owner’s insurer of all right subrogation against the PM company in connection with any loss or damage insured against? 


It’s in an insurance section for a property management agreement and reads as follows: 

12.	Owner shall have included in all insurance policies with respect to the Property a waiver by Owner's insurer of all right of subrogation against Agent in connection with any loss or damage insured against, EXCEPT IN CASES OF NEGLIGENCE BY THE AGENT


An owner is requesting to add the “except in cases of negligence by the PM company.” 

Is this a reasonable ask, or does this open up the Pam company to undue liability and risk?
[{"id": "j12gmne", "text": "If I'm reading this right, it sounds like a simple case of being reciprocal.", "replies": [], "depth": 1}, {"id": "j12nfk6", "text": "Does the LL have a general liability policy?  Does the PM also have a general liability policy?", "replies": [], "depth": 1}, {"id": "j12o02a", "text": "The LL does, the PM has general and E&amp;O", "replies": [], "depth": 1}, {"id": "j13opur", "text": "Check with your insurance carrier, they may have suggested language. IMO the landlords add is logical and reasonable, but if I were PM I would try to make it gross negligence rather just negligence. If they say no, then I\u2019d make sure the definition of Agent isn\u2019t overly broad. \n\nBasically what this should mean is \u201clook owner, if we really really F up in our duties described in this agreement and there\u2019s an insurance claim involved, you can come after our coverage. If its just an accident, everybody was trying their best, then your insurance can\u2019t look to ours\u201d", "replies": [], "depth": 1}, {"id": "j1927yg", "text": "Had a recent situation with a well known non-profit. They said that they were self insured which is not what we typically deal with. We looked into their history and it showed there were several cases where there was a claim made, even one where a guy fell down an elevator shaft and was seriously injured, and they didn't pay due to \"charitable immunity\". We made them sign an agreement to waive their charitable immunity in order to continue negotiating on a listed warehouse unit.", "replies": [], "depth": 1}]