Business Insurance for Property Managers

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Save money by comparing insurance quotes for property managers

A rental disagreement or damaged tenant property could have serious financial consequences. Protect your business with property manager insurance.

Property manager handing keys to a tenant

One application, multiple quotes

Insureon helps property managers compare insurance quotes from top U.S. carriers online. Get several quotes with one application.

What types of insurance do property managers need?

These policies provide coverage for common property management risks.

General liability insurance

This policy covers basic property management risks, such as tenant property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.

BEST FOR

Slip-and-fall accidents
Damaged tenant property
Libel or slander lawsuits

Errors and omissions insurance

This policy is also called professional liability insurance. It can cover legal expenses related to a property manager's business decisions, including errors and oversights.

BEST FOR

Failure to provide promised services
Accusations of negligence
Errors and oversights

Workers’ compensation insurance

Workers’ compensation is required in almost every state for property management businesses that have employees. It can cover medical fees for work-related injuries.

BEST FOR

Employee medical expenses
Missed wages
Legal costs

Business owner’s policy

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

BEST FOR

Tenant injuries
Damaged tenant property
Damaged business property

Commercial auto insurance

This policy covers vehicles owned by a property management company. It helps pay expenses related to accidents, vehicle theft, weather damage, and vandalism.

BEST FOR

Car accidents
Vandalism and theft
Weather damage

Cyber liability insurance

This policy helps property managers survive data breaches and cyberattacks. It can cover data recovery costs, client notification expenses, and more.

BEST FOR

Data breach lawsuits
Client notification expenses
Fraud monitoring costs

Looking for different coverage? See more policies.

Why do property managers need insurance?

Property managers face a wide range of risks. A simple mistake could lead to a lawsuit from a contractor, tenant, or visitor. Property management insurance can help your business survive expenses related to wrongful eviction claims, injuries, fires, and more.

How much does property management business insurance cost?

Real estate professional using calculator in front of home for rent

Several factors will have an impact on insurance costs, including:

Property management services offered
Business equipment and property
Revenue
Location
Number of employees

View Costs

What our customers are saying

"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."

Richard C.

Software / internet design

"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."

Michael D.

Custom programmer

"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."

Esther L.

Management consultant