Property Manager Insurance

Property Managers
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Choose from the nation's best insurance providers
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Why do property managers need business insurance?

Property managers take on a lot of responsibility, which results in high risks. A disagreement with a tenant or a building owner could have serious financial consequences. Property management insurance protects against the cost of wrongful eviction claims, injuries, and property damage.

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Find affordable coverage

Property managers can save money on insurance by comparing quotes from top providers.

Fill out Insureon's easy online application to get free quotes and advice from a licensed insurance agent.

What types of business insurance do property managers need?

These policies cover the most common property management risks.

Errors and omissions insurance icon

Errors and omissions insurance

E&O insurance covers legal defense costs related to a property manager's work performance, such as an accusation of negligence from the property owner or a renter. It's also called professional liability insurance.

  • Failure to provide promised services
  • Tenant discrimination claims
  • Eviction disputes
General liability insurance icon

General liability insurance

This policy covers basic property management risks, such as tenant property damage and bodily injuries. Bundle with commercial property insurance for savings in a BOP.

  • Slip-and-fall accidents
  • Damaged tenant property
  • Libel and other advertising injuries
Workers’ compensation insurance icon

Workers’ compensation insurance

Most states require workers' comp for property management businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

  • Employee medical expenses
  • Disability benefits
  • Employee injury lawsuits
Business owner’s policy icon

Business owner’s policy

A BOP bundles commercial general liability coverage and property insurance in one plan. It's one of the most cost-effective business insurance policies for a property manager.

  • Tenant injuries
  • Damaged tenant property
  • Business property damage and theft
Commercial auto insurance icon

Commercial auto insurance

This policy covers legal fees in an accident involving a vehicle owned by a property management company. Each state has its own requirements for auto liability insurance.

  • Property damage caused by your vehicle
  • Medical bills from an accident
  • Vehicle theft and vandalism
Cyber insurance icon

Cyber insurance

This policy helps cover financial losses from data breaches and cyberattacks. It's strongly recommended for any small business that handles sensitive information.

  • Client notification expenses
  • Fraud monitoring services
  • Data recovery
Looking for different coverage? See more policies.

How much does insurance cost for real estate professionals?

Real estate professional calculating the cost of business insurance.

A small real estate business will pay less for insurance than a larger company.

Factors that affect premiums include:

  • Real estate services offered
  • Business property and equipment
  • Business income
  • Types of insurance purchased
  • Policy limits and deductibles
View Costs

How do I get property manager insurance?

It's easy to get property management insurance coverage if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

  1. Complete a free online application
  2. Compare insurance quotes and choose policies
  3. Pay for your policy and download a certificate

Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your property management business, whether you work independently or hire employees.

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