Property Management Companies Insurance
Coverage recommendations, carrier options, and cost estimates for insuring property management companies businesses. Built for independent agents quoting this class.
Recommended Coverages
GL
essentialThird-party bodily injury, property damage, personal and advertising injury arising from business operations. For Property Management Companies businesses, key exposures include tenant injury liability. Common claims include tenant injury from maintenance failure. Agent note: E&O is critical — fair housing violations and negligent management claims are the top exposure
$1M per occurrence / $2M aggregate
$400 - $3,000/year for small businesses; $3,000 - $15,000+ for contractors and higher-risk classes
Professional Liability (E&O)
essentialClaims arising from professional errors, omissions, negligent acts, or failure to perform professional duties. For Property Management Companies businesses, key exposures include tenant injury liability. Common claims include security deposit dispute.
$1M per claim / $2M aggregate is standard; higher limits for regulated professions
$500 - $3,000/year for low-risk professions; $3,000 - $20,000+ for attorneys, accountants, and healthcare
Workers Comp
recommendedMedical expenses, lost wages, rehabilitation costs, and death benefits for employees injured on the job. For Property Management Companies businesses, key exposures include tenant injury liability. Common claims include tenant injury from maintenance failure.
Statutory limits per state law; Employers Liability typically $500K/$500K/$500K
Based on payroll × class code rate × experience mod. Ranges from $0.50 to $30+ per $100 of payroll depending on classification
Cyber Liability
recommendedData breach notification costs, forensic investigation, credit monitoring, regulatory defense and fines, business interruption from cyber events, ransomware payments, and third-party claims from data exposure. For Property Management Companies businesses, key exposures include tenant data handling. Common claims include data breach of tenant records. Agent note: Cyber liability needed for tenant application data (SSNs, background checks)
$1M per claim / $1M aggregate for small businesses; $5M-$10M+ for larger organizations
$750 - $3,000/year for small businesses; $5,000 - $25,000+ for businesses handling significant PII or PHI
EPLI
situationalClaims by employees alleging wrongful termination, discrimination, sexual harassment, retaliation, failure to promote, and other employment-related violations. Agent note: EPLI recommended due to high employee turnover in property management
$500K - $2M per claim / aggregate
$800 - $3,000/year for small businesses (under 25 employees); $3,000 - $15,000+ for larger employers
Commercial Property
situationalPhysical damage to buildings, business personal property, equipment, inventory, and tenant improvements from covered perils (fire, wind, theft, vandalism).
Based on replacement cost of building and contents. Business income limits typically 12 months of projected revenue.
$750 - $5,000/year for small businesses; varies widely based on property values, construction type, and location
Risk Profile
Physical Risk
Liability Risk
Professional Risk
Property Risk
Top Risks
- Tenant injury liability
- Fair housing compliance
- Trust account management
- Maintenance negligence
- Tenant data handling
Carriers That Write Property Management Companies
One of the largest small commercial writers in the U.S. with broad class appetite. Competitive BOP pricing and a streamlined agent portal with fast online quoting.
Broad appetite across most commercial classes with competitive package pricing. Strong multi-line capabilities — agents can bundle GL, property, auto, and umbrella under one carrier.
Known for competitive commercial auto rates and fast online quoting. Strong appetite for businesses with vehicle fleets and a growing BOP book.
Berkshire Hathaway-backed (AM Best A++) with competitive pricing for standard small business classes. Fully online quoting and binding process.
Cost Estimate
$5,000 - $25,000+ for businesses with $300K - $5M revenue
Key Pricing Factors
- Annual revenue ($300K - $5M is typical for this class)
- Employee count (5-30 is typical)
- Number of units managed
- Annual management fee revenue
- Residential vs commercial properties
- HOA management included
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