Property Management Insurance

Core coverages in this program

• •Real Estate Errors & Omissions
• •General Liability
• •Crime / Employee Dishonesty & Fidelity Bond
• •Workers' Compensation
• •Hired & Non-Owned Auto
• •Cyber Liability

The claims property managers actually see

Fair-housing and tenant-screening allegations, failure to maintain leading to habitability claims, mishandled security deposits, and disputes over vendor selection dominate the loss data. Every one of those is a professional-services allegation that general liability excludes, so real estate E&O is the core policy — not an add-on.

Trust accounts, deposits, and fidelity requirements

Most states require property managers to hold rents and security deposits in a trust account, and many management agreements require an employee dishonesty bond. Crime coverage reimburses the funds if an employee steals from the trust account, which a fidelity bond alone may not do at the limits owners expect. Confirm the limit matches the largest balance the account holds during the month, not the average.

What property management insurance costs

Pricing keys off managed unit count, revenue, portfolio type, and whether you also perform maintenance with your own crews. In-house maintenance staff adds meaningful workers' comp and general liability premium.

Owner and HOA certificate requirements

Management agreements typically require the owner or association named as additional insured, a waiver of subrogation, primary & noncontributory wording, and evidence of E&O and crime coverage. Keep a matching certificate on file for every vendor you hire too — an uninsured handyman injury frequently lands on the manager's policy. KTL issues owner certificates the same business day and can track vendor COIs at renewal.