Property Management Companies Insurance
Most property management companies need general liability and professional liability (E&O). What you pay depends on your revenue, payroll, location and claims history.
Compare business insurance options
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
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
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
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
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
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.
Risk Profile
Physical
Liability
Professional
Property
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
We don't publish a price for this business type yet. See what businesses pay by industry.
Key Pricing Factors
- Number of units managed
- Annual management fee revenue
- Residential vs commercial properties
- HOA management included