Maximizing Protection for Property Managers: Essential Insurance Types to Consider

Attention all property managers! Are you properly protecting your assets and liabilities? With the rise in homeshare platforms like AirBnb and VRBO, the need for proper insurance coverage for property management businesses is more important than ever. It’s crucial to understand that home insurance or rental platform policies are not enough to cover the risks associated with managing rental properties. That’s where property management insurance comes in.

At EnsureUp, we understand the challenges of finding the right insurance coverage for your property management business. That’s why we’ve put together this guide to the different types of insurance that can benefit property managers and help protect their assets.

General Liability Insurance

This coverage provides protection against third-party claims of bodily injury or property damage that occur on your properties. It can cover the cost of legal fees and damages if you are found liable. General Liability Insurance is essential for most businesses that have foot traffic and regular customers.

Professional Liability Insurance

As a property manager, you have a professional obligation to your clients to ensure that your properties are well-maintained, secure, and in compliance with all relevant laws and regulations. Professional liability insurance, also known as errors and omissions insurance, can provide protection against claims of negligence, mismanagement, or other breaches of professional duty.

Professional Liability and General Liability are complementary insurance products for property managers. General Liability covers you for risks that almost all businesses face like slip and falls, where Professional Liability covers the risks of you offering professional services that are unique to property managers.

Property Insurance

This coverage provides protection for damage or loss to the buildings and contents that you own or manage. This includes protection against events such as fire, theft, and natural disasters, ensuring that your property can be replaced and fixed in the case of severe damages. Property insurance also includes coverage for personal property in the building as well as special limits for certain items like valuable papers or client documents.

Workers’ Compensation Insurance

This coverage provides benefits to employees who are injured on the job. Workers’ compensation insurance is required by law in most states and can protect property managers from liability, as well as cover medical expenses for injured employees. An employer can be responsible for paying an employee’s medical bills and lost wages if the proper workers’ compensation insurance is not in place. Having the correct workers’ compensation insurance in place protects you if an employee suffers a major injury and can be used as a recruiting tool because employees will know that they are financially protected if injured on the job.

Crime Insurance

Crime insurance covers losses due to theft, embezzlement, or other criminal activities. This coverage is particularly important for property managers, as they may be responsible for managing large sums of money and valuable assets. Having yourself, your property owners, and your customers protected by crime insurance can be a major selling point against your competition.

Cyber Liability Insurance

In today’s digital age, it’s essential to have protection against cyber threats. Cyber liability insurance can provide coverage for losses due to data breaches, hacking, ransomware, and other cyber attacks. Making sure your online and technological infrastructure is well secure can decrease the risks of cyber attacks on your business.


General Liability, Professional Liability, Property Insurance, and Workers’ Compensation (for businesses with four or more employees) are the most common types of insurance used by property managers. Crime and Cyber Insurance can be used as tools to properly manage the risks your company is up against as your property management company continues to grow. At EnsureUp, we can help you find the right coverage for your unique needs, ensuring that your assets and liabilities are protected. Contact us today at or visit our website at to learn more about property management insurance products.

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Are you ready to save time, aggravation, and money? The team at EnsureUp is here and ready to make the process as painless as possible. We look forward to meeting you!