Property Management
Property Management Insurance
Insurance is slightly different for property managers. While there are many overlaps in real estate sales and property management, these two occupations aren’t the same.
This means different risks and therefore, different insurance is required.
What type of insurance should a property manager have?
Property management insurance is specialized coverage for property managers or management companies. The type of coverage you need will depend on if you own the properties you manage or not.
Here are some types of insurance a property manager should have:
- Professional Liability
- Tenant Discrimination
- Cyber Liability
- Crime Coverage
- Commercial Property
- Commercial General Liability
- Director’s & Officers Liability
- Equipment Breakdown
A Property manager is a specialist in managing the relationship between tenants and landlords. You should have a professional managing your insurance
Property Management Coverage
At no additional cost to you, we can work on your behalf to compare your current coverage with a wide range of insurance companies to see who has the best possible deal on your insurance.
This policy covers basic real estate business risks, such as customer property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.
- Slip-and-fall accidents
- Slip-and-fall accidents
- Slip-and-fall accidents
This policy, also called professional liability insurance, can cover legal fees of lawsuits related to your business decisions, including errors and oversights.
- Property listing disputes
- Disclosure negligence accusations
- Inspection and documentation discrepancies
Workers’ compensation insurance is required in almost every state for real estate businesses that have employees. It can cover medical costs for work-related injuries.
- Employee medical expenses
- Partial missed wages
- Lawsuits over employee injuries
A BOP bundles property insurance and general liability insurance under one plan. It's often one of the most cost-effective commercial insurance policies for real estate professionals.
- Customer injuries
- Damaged customer property
- Damaged business property
Commercial auto insurance covers vehicles owned by a real estate business. It can help pay for property damage and medical bills in an accident, vehicle theft, and more.
- Car accidents
- Vandalism and theft
- Weather damage
This policy helps real estate professionals survive data breaches and cyberattacks. It can cover data recovery costs, customer notification expenses, and more.
- Data breach lawsuits
- Customer notification expenses
- Fraud monitoring costs
Property Management PDF Whitepapers
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At no additional cost to you, we can work on your behalf to compare your current coverage with a wide range of insurance companies to see who has the best possible deal on your insurance.