Looking for Property Management Insurance?
Protect your property management business from liability claims, E&O issues, tenant disputes, and professional errors. Get coverage for residential managers, commercial property management, and HOA management companies.
What is Property Management Insurance?
Property management insurance protects management companies from professional errors, tenant disputes, property damage, and liability claims. Coverage includes professional liability (E&O), general liability, and cyber liability. Property owners, clients, and managed properties require proof of insurance before management contracts.
Professional Liability
Coverage for management errors, contract disputes, or negligent property oversight.
General Liability
Protects against injuries or property damage during property management operations.
Cyber and Data Protection
Covers data breaches of tenant information, rent payments, and property records.
Certificates
Fast proof for property owners, clients, and managed properties.
Who Needs Property Management Insurance?
- Residential Property Managers : Businesses requiring specialized insurance coverage
- Commercial Property Management : Businesses requiring specialized insurance coverage
- HOA Management Companies : Businesses requiring specialized insurance coverage
- Vacation Rental Managers : Businesses requiring specialized insurance coverage
Why Harper?
Property Management Expertise
We understand management risks—professional errors, tenant disputes, property damage, and fiduciary liability. Get coverage for residential, commercial, HOA, or vacation rental management.
Fast Proof for Clients
Property owners require insurance before management contracts. We deliver certificates quickly for client confidence. Clear Simple Guidance We explain E&O coverage, cyber liability, and management-specific insurance requirements clearly. Tailored to Your Services Match coverage to your management—single-family rentals, multi-family, commercial properties, HOAs, or vacation rentals.
Frequently Asked Questions
What insurance do property managers need?
Property management companies need professional liability (E&O) for management errors, contract disputes, tenant selection mistakes, or maintenance oversights, general liability for injuries at managed properties or office locations, and cyber liability for tenant data breaches, rent payment information, or online portal security. Employment practices liability (EPLI) protects against employee claims. Crime/fidelity coverage protects client funds held in trust, and hired/non-owned auto coverage covers employees who use personal vehicles for property management duties.
Is property management insurance required?
While not universally required by law, property management contracts almost always require E&O coverage before property owners will engage management services. Real estate licensing boards in many states recommend or require E&O coverage for property managers. Clients managing HOAs or commercial properties typically require higher E&O limits ($1-2 million minimum) than residential property management. Cyber liability is increasingly required due to tenant data and payment processing.
How much does property management insurance cost?
Small property management companies managing fewer than 100 units pay $2,000–$5,000 annually for E&O and cyber coverage. Mid-sized firms managing 100-500 units pay $5,000 to $15,000+ annually. Large property management companies managing 1,000+ units or commercial portfolios pay $15,000 to $50,000+ annually. Costs depend on the number of units/properties managed, types of properties, revenue, services offered (full-service versus rent collection only), claims history, and whether managing HOAs or commercial properties.
Does insurance cover tenant selection errors?
Professional liability (E&O) can cover claims when negligent tenant screening results in problem tenants causing property damage, lease violations, or losses to property owners. Coverage typically applies when you followed reasonable screening procedures but missed information or made errors. Failing to conduct any screening, ignoring obvious red flags, or violating fair housing laws during tenant selection could void coverage.
Does insurance cover trust fund theft?
Crime or fidelity coverage protects property owners when property managers or their employees misappropriate rent payments, security deposits, or other funds held in trust. This coverage is separate from E&O and specifically addresses employee dishonesty and theft of client funds. Many states require property managers to maintain crime/fidelity coverage or surety bonds as a condition of managing client funds.
Can property owners require specific insurance?
Yes, property management agreements typically specify minimum E&O coverage limits, often $1-2 million depending on portfolio size and property values. Owners may require being named as additional insureds on general liability policies. HOA management contracts often have extensive insurance requirements, including higher E&O limits, crime coverage for HOA funds, and cyber liability for homeowner data.