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Property Manager Insurance

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Property Manager Insurance Provided By Our Agency

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

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Error & Omissions
Commercial property
Non-owned auto liability
Professional liability
Workers’ Compensation

Error & Omissions coverage

Risk Factors

Like any service industry that provides a specialized service, property managers should carry professional liability insurance, often referred to as Errors and Omissions (E&O) Insurance.


This insurance is designed to protect you from claims against invasion of privacy, wrongful eviction, hiring unlicensed contractors, and other similar actions specifically related to the industry. Essentially, this insurance protects the tenant and landlord from a financial loss that is directly related to a mistake made by the property manager.

Commercial property coverage

Risk Factors

Property managers are generally responsible for keeping insurance coverage on the buildings they manage, but this depends on their responsibilities as outlined in the contract with the property owner.


This protects a property manager’s assets after a physical loss due to smoke, fire, wind, hailstorm, vandalism, and other covered events.

Non-owned auto liability coverage

Risk Factors

If an employee drives a rented vehicle for day – to – day work and meets an accident while on work, the third party can file a case against you.


This should be purchased if you or your employees drive personal vehicles for business use. It can be added to a business auto insurance policy or to your general liability policy.

Professional liability coverage

Risk Factors

Similar to D&O coverage, professional liability coverage (also sometimes called “errors and omissions” or “malpractice” insurance) protect against liabilities resulting from mismanagement of the organization, as well as workplace-related claims such as discrimination or sexual harassment.


It can help cover not only directors and officers but also staff, volunteers, and the nonprofit organization itself.

Workers’ Compensation insurance coverage

Risk Factors

General liability will not provide coverage for injuries to employees. These coverages are important because they address injuries to your human assets – your employees and your volunteer workforce.


Workers’ compensation pays medical expenses, disability, and death benefits for injured workers. Volunteer accident insurance pays for minor injuries to volunteers who are donating their time and expertise to your cause.

Who needs Property Manager insurance coverage?

If you are involved in the following activities, it is essential to have the right coverage and insurance policies:

  • Renting or leasing residential real estate to others
  • Managing rental properties for others
  • Contracting services for rental properties owners (ex., hiring or supervising property maintenance for rental properties)

Lawsuits related to this industry are common, and failure to have the proper protection in place can expose your business to unnecessary risk. Your clients also trust you to carry the correct insurance to protect their most significant assets. The right policy can serve as an incentive to choose you as their property manager and will provide a tool to demonstrate your professionalism and care when acquiring new business.

What does Property Manager Insurance cover?

Common coverages included in Property Management Insurance are property coverage for the physical building and/or property, commercial general liability, and errors & omissions liability (also known as professional liability). In addition to ensuring that your building and/or property is protected from common perils such as fire, it is typical to also have coverage for rental income replacement, sewer backup coverage, tenant damage coverage, and on-premises pollution coverage, just to name a few.

Property Management Insurance coverage also protects property managers against allegations of negligence, claims and damages through the errors & omissions /professional liability coverage. Allegations of negligence resulting in bodily injury and/or property damage are covered by the commercial general liability coverage.

The errors & omissions/professional liability portion of Property Management Insurance Coverage policies are usually issued on a “claims-made” basis. What this means is that coverage is triggered when a claim is filed and you report it to the insurance company. Policies typically have a one-year term, with an annual premium and deductibles on a per-claim basis. In contrast commercial general liability coverage is almost always written on a per occurrence basis.

Property Manager Insurance coverage claims examples

Wrongful Eviction: As a property manager responsible for evicting tenants when and where necessary, you have recently evicted a tenant. In evicting the tenant, you did not follow the proper eviction process. As a result, the evicted tenant is now bringing forward a claim against you.

Tenant Discrimination: A potential tenant claims you did not rent a property to them based on gender, race, or religion.

Resident Injury:  A tenant or visitor falls and injures themselves on your property.

Property managers shoulder significant risks on behalf of their clients. Protect your business and your clients with a property management insurance policy. Even if you operate entirely professionally, you can still be sued for wrongful eviction or tenant discrimination. Ensure your business and clients are properly protected. Talk to us today to learn more about property management insurance.

Already have Property Manager Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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