Property Managers Insurance: Protecting the Properties and People You Serve
Request a QuoteIf you're a property manager, you know this business is about way more than buildings. You're the one fielding emergency maintenance calls at midnight, managing tenant expectations, and making sure everything from roofs to rent rolls runs smoothly. With all that responsibility, you need more than a clipboard and a maintenance team—you need the right insurance coverage watching your back.
At Metro-West Insurance Services, we help property managers protect what matters: their properties, their tenants, and their business. Whether you manage residential complexes, commercial buildings, or a mix of both, we’ve got the coverage you need to stay protected and profitable.
What is Property Managers Insurance?
Property managers insurance is a tailored package of coverages designed to protect property managers and management firms from the unique risks that come with overseeing real estate. From tenant lawsuits to property damage, this type of policy gives you peace of mind and financial security when something goes wrong—which, let’s face it, it will eventually.
Essential Coverages for Property Managers
Property Coverage: Protects the buildings and equipment you manage against fire, storms, vandalism, and more.
General Liability: Covers bodily injury or property damage claims from tenants, vendors, or visitors.
Professional Liability: Also called Errors & Omissions, this covers claims related to negligence, contract disputes, or failure to perform duties.
Workers’ Compensation: Required if you employ maintenance or office staff—this covers workplace injuries.
Commercial Auto: If you or your employees drive between properties, this coverage is a must.
Cyber Liability: Protects your business if tenant or vendor data is stolen or compromised.
What Can It Cost?
Insurance premiums vary based on property type, number of units, location, and your business structure. Here's a general idea:
| Coverage Type | Typical Monthly Cost |
|---|---|
| General Liability | $75 - $200 |
| Professional Liability | $100 - $300 |
| Commercial Property | $150 - $500 |
| Workers’ Comp (per employee) | $100 - $250 |
| Cyber Liability | $50 - $100 |
Bundling your coverage into a Business Owners Policy (BOP) can reduce your overall cost and simplify your protection.
Real-World Risks: It Happens More Than You Think
A tenant slips on a wet stairwell and sues. A maintenance worker gets injured on the job. A burst pipe causes $50,000 in damage—and the property owner holds you responsible. Or maybe you accidentally overlook a lease clause, and a commercial tenant takes legal action.
These situations aren’t far-fetched—they’re common. And without proper coverage, they can lead to serious financial loss or even business closure. The right policy keeps you protected, no matter what comes your way.
Three Common Mistakes Property Managers Make
1. Underinsuring older buildings: If a building is undervalued, you could come up short on repairs after a claim.
2. Not adding insureds: If you manage properties for others, they often need to be named on your policy—missing this step could void your coverage.
3. Forgetting professional liability: Mistakes happen, and if you offer advice or make decisions that cause a loss, you’ll want E&O protection.
Why Work with Metro-West Insurance Services?
We Get Your World: We specialize in insurance for property managers—residential, commercial, HOA, or mixed use.
Tailored Plans: We customize policies to match the properties you manage and the risks you face.
Responsive Support: From filing a claim to updating your coverage, we’re here when you need us—no runaround.
Manage Risk Like You Manage Property—With Confidence
As a property manager, people rely on you every day. You can’t afford to leave your business exposed to costly surprises. With the right insurance plan from Metro-West Insurance Services, you can focus on what you do best—keeping properties safe, tenants happy, and owners impressed.
Let’s get you covered. Call us at 323-937-9225 or click the button below to start a quote tailored for your property management business.
Request a Quote ```