Property Manager Insurance

Property Manager Insurance is a specialized type of business insurance designed for people and companies that own or manage rental properties such as:  apartment complexes, condominiums, single-family rentals, commercial buildings, and office spaces. Because managing property involves working with tenants, contractors, visitors, and owners, there are a number of risks that standard policies may not fully address.

A well-structured property manager insurance program can help protect you from:

• Liability for injuries and property damage
  If a tenant, visitor, or contractor is injured on a property you manage—or if their belongings are damaged and they believe your actions (or inaction) contributed to the loss—liability coverage can help pay for medical bills, repair or replacement costs, legal defense, and settlements, up to your policy limits.
• Administrative and management errors
  Mistakes in how a property is managed can lead to financial loss for owners or tenants. Specialized coverages can help protect you if a client claims you mishandled funds, failed to maintain the property, or otherwise did not perform your management duties properly.
• Claims related to tenant relations
  Property managers can face allegations such as wrongful eviction, discrimination, harassment, invasion of privacy, libel, or slander. Certain policies and endorsements (often under errors and omissions or directors and officers liability) can help address these types of claims, which can be costly to defend even if you’ve done nothing wrong.
• Damage to business property and records
  If you maintain an office, computers, files, and other business equipment, commercial property coverage can help repair or replace these items if they’re damaged by a covered event like fire, theft, or vandalism.

Because every property portfolio is different: number of units, types of buildings, services offered, and whether you’re an owner, a manager, or both your insurance needs will be unique as well. At Live Oak Insurance & Financial, we can help you review the properties you manage, the contracts you have in place, and the services you provide, then build a property manager insurance package that helps protect you from the day-to-day risks of your business while supporting your long-term growth.

Erie Insurance has been providing the protection you need and the service you expect, all at a great price. See why more than 90% of customers stay with Erie Insurance year after year.