Property Management Insurance

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Property Management Insurance

Available in all 50 states!

We want your business to succeed. Protect your company with a property management insurance policy from Bankers Insurance. We are an independent insurance agency, meaning we will quote your coverage with several of our insurance companies that specialize in the property management industry. We will help you understand your risks and address them. Let us be your trusted insurance agent.

Contact a Specialist

Ray Brann
(434) 327-1634
rbrann@bankersinsurance.net

Benny Bennington
(434) 473-7422
bbennington@bankersinsurance.net

Property Management Insurance Program

Our Value Proposition

Property management companies manage a diverse portfolio of business assets. Thus, our approach to property management insurance can never be a one-size-fits-all package. We will take the time to understand your operations, your properties, and tailor an insurance package to suit your needs. Don’t waste money being over-insured. We will perform a thorough risk survey to identify common issues, risks, and develop a plan to reduce them.

Key Features

What makes us different.

  • We staff trained and licensed property management insurance risk advisors. Use our experience to your advantage.
  • Dedicated Service: Each one of our clients is assigned an account manager and given their direct phone number and email address. We do not operate a call center.
  • Resources: We are contracted with leading property management insurance companies that specialize in this industry, earn high ratings for customer service, and provide outstanding insurance products. Our longstanding relationships with these companies is an asset for our clients.
  • Responsive: No one likes to wait when they have a question or service request. Your account manager and their entire team places your inquiry as a top priority. We respond with answers quickly.
  • Tailored Protection: Coverages for businesses that manage properties with environmental exposure (mold, asbestos, lead), tanning beds, swimming pools, fitness centers, and other unique risks.
  • Quoting: We quote your insurance coverage with multiple insurance carriers. We are contracted with many top property management insurance companies. We work to ensure the best match for your business.
  • Master Policies: Deliver superior service to your property owners. We can provide one policy that protects all assets, with billing split out as needed.
  • Site Assessment: We will come to your site to review buildings, obtain values, and put together needed details. Not available in all states.
  • Certificates of Insurance: We pride ourselves in providing certificats quickly, accurately, and to all entities requested.
  • Pre-Renewal Meetings: Tired of only receiving an increase to your insurance coverage and premiums each year? A Bankers Insurance agent will review your coverages and costs before renewal to identify savings, plus were insurance coverage should be expanded or removed. Don’t be caught unawares in a claim.
  • Claims: You will never stand alone in a claim situation. Our team includes claims specialists that are your advocate. Our agents are on your side and ensure your claim keeps moving until a fair resolution.
  • Competitive pricing.

Business Operations

A wide variety of business operations are acceptable.

  • Commercial Property Management
  • Residential Property Management
  • Recreational Property Management
  • Real Estate Agents
  • Asset Management

We offer

  • Property Insurance for Managed Properties: Protection for ALL property types including offices, apartment buildings, shopping centers, research parks, airports, marinas, warehousing, industrial, commercial, etc.
  • Property Insurance for Owned Properties: Office building, Contents…
  • General Liability
  • Professional Liability / Errors and Omissions
  • Umbrella Liability
  • Cyber Liability
  • Workers’ Compensation
  • Business Auto / Truck: Including Hired and Non-Owned Auto Liability

Property Management Insurance Quote Request

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Insurance for Property Managers

Property managers shoulder great risks on behalf of their clients. Protect your business and/or that of your clients with a property management insurance policy from Bankers. Liabilities include injuries to tenants, visitors, and many other third parties. They can also arise from errors, omissions, and negligence. Even if you operate in a completely professional manner, you can still be sued for wrongful eviction or tenant discrimination. Ensure your business and your clients are properly protected. We are a Trusted Choice insurance agency.

Available Coverages


Managed Properties

Property Management Insurance landlord client building coverage. Two businessmen in suits overlooking cityscape pointing to managed properties.

Depending upon your business operations, property managers may assume the responsibility of securing and maintaining appropriate levels of insurance for their clients’ properties. As a part of our property management liability insurance program, Bankers Insurance can include protection for client properties.

Coverages

Types of Properties


General Liability

Property management insurance general liability. A property manager shows a couple a townhouse.

Commercial general liability is one of the foundational property management insurance coverages. It protects against:

  • Bodily Injury: If someone is injured on your property or property you manage, your business may be held liable. Depending upon the type of property managed, it can be frequented by tenants, customers, visitors, maintenance workers, and delivery services. General liability insurance protects you should someone be injured and your business be found liable.
  • Property Damage: Protection against damaging property other than your own. For example, if you are responsible to ensure common areas are adequately maintained, should a resident damage their vehicle by crashing into a deep pothole, general liability would respond.

Professional Liability | Errors and Omissions

Property Management Insurance Professional Liability Errors Omissions. Two business people pointing to paper contract.

We recommend professional liability be included in every property management insurance package. Property managers negotiate leases, review applications, collect rent, schedule repairs, and ensure the properties are safe for their intended use. Property managers are expected to perform these operations in a professional manner. If they don’t, landlords can lose rents, tenants can sue for wrongful eviction, and declined applications can turn into discrimination suits. Professional Liability protects your business against such risks.

  • Coverage tailored to your needs.
  • Address and meet all contractual requirements.
  • Fast and easy certificates of insurance.

Other Coverages

Property Management Insurance other coverages. Color photograph of residential buildings with commercial space in Manhattan.

We tailor each property management insurance policy to your needs.

  • Owned Property: Protection should you own buildings or contents be damaged.
  • Umbrella Liability: Should standard liability limits not be sufficient, umbrella liability can provide an additional layer of protection over general liability, professional liability, business auto, and even workers compensation. Coverages can range from $1,000,000 up to $50,000,000 or more.
  • Cyber Liability: Today, this is an inexpensive, basic coverage for ALL businesses.
  • Workers’ Compensation: Protection for your business and your employees, should your employees be injured while on the job.
    • Sales people
    • Office workers
    • Onsite managers
    • Maintenance workers and repair
  • Business Auto / Truck: For vehicles 1) owned by your business OR 2) owned by someone else but operated on its behalf (employee autos or rented autos).
    • Liability
    • Physical Damage
    • Hired and Non-Owned Auto Liability
  • Employee Benefits
    • Group Health Insurance
    • Group Life Insurance
    • Group Disability Insurance
    • Group Dental Insurance
    • Group Vision Insurance
  • Bankers offers many other value-added tools and resources to help your business run smoothly, reduce risk, reduce costs, and succeed!

Why Bankers Insurance?

Anyone can be an order-taker.  Bankers Insurance is different.

We offer choices and expertise. We don’t expect clients to be property management insurance experts.  Take advantage of our experience. We can explain your options and help you determine the right coverages.

As your insurance agent, we strive to know you. Only then can suggest the coverage that suits your specific business. We look for coverage gaps to help ensure complete protection. With us, you get the benefit of: