Insurance for Property Management Companies
Property management companies carry a unique blend of risk — you’re responsible for the physical properties you manage, the tenants living in them, the owners who hired you, and the staff and vendors who keep everything running. A tenant injury, a dispute over handling of a security deposit, an employee accused of mismanaging funds, or damage to a property under your care can all create liability that falls back on your business, even if you don’t own the property yourself. We help property management companies build coverage around the full scope of what they’re responsible for.
Coverage property managers typically need:
General Liability — Covers third-party claims of bodily injury or property damage occurring at properties you manage, such as a tenant or visitor injury in a common area you’re responsible for maintaining.
Errors & Omissions (Professional Liability) — Protects against claims that you made a mistake or were negligent in your management duties — a missed maintenance request, an error in lease handling, or a failure to properly screen a tenant, for example. This is one of the most important coverages for property managers, since your business is built on managing other people’s assets.
Workers’ Compensation — Covers medical costs and lost wages if an employee — maintenance staff, leasing agents, or office personnel — is injured while on the job.
Commercial Property — If you own an office or any property of your own (separate from the properties you manage on behalf of owners), this covers your building, equipment, and furnishings against fire, theft, and other covered losses.
Crime & Fidelity Insurance — Property managers often handle rent payments, security deposits, and owner funds, which creates exposure to employee theft or fraud. Crime insurance covers losses from dishonest acts by employees, protecting both your business and the owners who trust you with their money.
Cyber Liability — Between tenant applications, payment information, and owner records, property management companies handle a significant amount of sensitive data. Cyber liability helps cover the cost of a data breach and any resulting liability.
Commercial Auto — If your team uses vehicles to travel between properties, transport equipment, or handle maintenance calls, commercial auto coverage protects those vehicles and the people driving them.
Umbrella/Excess Liability — With multiple properties, tenants, and owners depending on you, an umbrella policy adds an extra layer of protection above your other liability coverage in the event of a major claim.
Whether you manage a handful of single-family rentals, a large apartment complex, or a portfolio of commercial properties, your risk profile depends on the number and type of properties you oversee, your staff size, and the scope of services you provide. We’ll help you build a coverage program that protects your business, your clients, and the properties you’re trusted to manage.