What Does Property Management Insurance Cover?
Our customized insurance policies are designed to address the specific risks faced by property management professionals. Coverage options include:
- General Liability Insurance: Protects you from claims of bodily injury or property damage that occur on managed properties or during business operations.
- Professional Liability Insurance (E&O): Covers claims of negligence, errors, or omissions in the services you provide, such as tenant screening or lease agreements.
- Property Insurance: Protects the physical assets you manage, including buildings and equipment, from risks like fire, vandalism, and weather damage.
- Cyber Liability Insurance: Safeguards your business against data breaches, cyberattacks, and the loss of sensitive tenant information.
- Workers’ Compensation Insurance: Covers medical expenses and lost wages for employees injured on the job.
- Commercial Auto Insurance: Provides coverage for vehicles used for business purposes, such as property visits or maintenance runs.
- Tenant Discrimination Coverage: Optional protection for claims of alleged discrimination in rental applications or tenant interactions.
Who Needs Property Management Insurance?
Our insurance solutions are ideal for:
- Residential property managers (single-family homes, apartments, condos)
- Commercial property managers (office spaces, retail centers)
- Mixed-use property managers
- Community association managers (HOAs, condominium associations)
Whether you manage one property or an extensive portfolio, the right insurance coverage is essential to safeguard your business.
Why Choose GRIT Insurance for Your Property Management Needs?
At GRIT Insurance, we understand the unique challenges property managers face. Here’s why professionals trust us:
- Tailored Coverage: We customize policies to match your business’s specific risks and responsibilities.
- Access to Top Carriers: We work with trusted insurance providers to secure the best coverage and rates for you.
- Expert Guidance: Our experienced agents help you navigate complex insurance needs and recommend the right solutions.
- Ongoing Support: From securing coverage to assisting with claims, we’re here to help every step of the way.
Frequently Asked Questions About Property Management Insurance
Do I need professional liability insurance (E&O)?
Yes, professional liability insurance is essential for property managers, as it protects against claims of errors, negligence, or omissions in your professional services.
Does general liability insurance cover managed properties?
Yes, general liability insurance provides coverage for accidents, injuries, or property damage that occur on the properties you manage.
What if I use a personal vehicle for property management?
Personal auto insurance typically doesn’t cover business use. Commercial auto insurance ensures you’re protected while driving for work.
Is cyber liability insurance necessary for property managers?
Yes, handling sensitive tenant and financial data makes property managers vulnerable to cyberattacks. Cyber liability insurance protects you from these risks.