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.
These policies cover the most common property management risks.
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.
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.
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.
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.
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.
This policy helps cover financial losses from data breaches and cyberattacks. It's strongly recommended for any small business that handles sensitive information.
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:
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.