Reliable Property Managers Insurance in Massachusetts

Property managers of both residential and commercial buildings are susceptible to lawsuits and a variety of other claims. As a manager, it’s your job to take care of the property. This means when things go wrong, you’re the one who is responsible. Finding the right property managers insurance is essential to avoid potential liability and lawsuit risks.

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Property manager’s insurance provides protection for risks related to the responsibilities of maintaining a property owned by someone else. As a property manager, you may have to be responsible for repairs, maintenance, lease and rent agreements, and tenant safety.

Further, property managers’ insurance combines insurance policies to protect you from potential risks and lawsuits related to these responsibilities.


As a property manager, it’s your responsibility to take care of tenant-related tasks on a property you don’t own. The right insurance coverage protects you from property-related risks like wrongful evictions, discrimination lawsuits, potential financial losses, and legal costs. Additionally, securing adequate insurance for the property you manage is part of your job description in your contract with the building’s owner.


Any individual who manages a residential or commercial property that is owned by someone else can benefit from the purchase of property managers insurance. If your contract holds you responsible for securing insurance coverage, you’re required to have it.


If you are responsible for managing a commercial property or there are other special circumstances regarding the property, you might want additional coverage. In fact, optional policies are easy to add and can give you the peace of mind that comes with knowing you have complete coverage. Here are a few optional add-ons.

  • Business Owners Policy (BOP): This is a bundled package that protects a small business. It typically includes property coverage, liability insurance, and business income insurance.
  • Non-owned Liability Coverage: If you or your employees use a personal vehicle for business use, your personal auto insurance policy isn’t enough. This policy provides coverage when you use your car for business use.
  • Worker’s Compensation: This is a requirement in Massachusetts if you have employees. Worker’s comp protects your employees in the event of an injury.
  • Employee Dishonesty Coverage: This protects any business owner against employee theft. If your employees are responsible for collecting payments, this policy is good to have.
  • Equipment Breakdown Coverage (Boiler and Machinery Coverage): This policy covers machinery or equipment breakdown and resulting property loss.

If you’re a property manager in the Greater Boston area and are unsure about your insurance coverage, get in touch with the independent insurance agents at LoPriore today. We’re standing by to answer your questions, share information about our available policies, or provide a quick quote for the policy you need.

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Property Managers Insurance Frequently Asked Questions

Are you covered by somebody else’s insurance policy? If you are a property manager, you should include your organization as an additional insured on all landlords’ insurance policies. Don’t assume that happens automatically, even when it’s stated as a requirement in your client agreement. You should require that the landlord’s insurance agent provide a current certificate, which states that you added to insurance policy as an additional insured as respects liability coverages.

Property managers collect rent, enforce leases, hire repair or maintenance teams, and ensure tenant and guest safety. Indeed, these tasks create potential liability risks that could lead to various lawsuits.

You might. If you hire part-time or full-time employees to care for any of the tasks related to managing the property, you must have workers compensation insurance. However, teams that work for another company and provide services (like maintenance) should already have the proper coverage.

When tenants live in the building and have personal property on the premises regularly, they should purchase renter’s insurance to cover damage or loss to personal possessions. Conversely, the property or equipment of workers that are on the property temporarily for business purposes will likely be covered.

If you earn income managing a property, report it to the IRS. Since your property managers insurance coverage is a related business expense, you can most likely claim a deduction. Ask your tax preparer for more information.

As a property manager, you perform professional tasks that make you responsible for potential losses. Since you’re in charge of securing tenants, collecting rent, enforcing legal documents, scheduling repairs, and handling evictions, you’re considered a professional. If a lawsuit is filed in relation to any of these duties, you’ll be held responsible. Professional liability provides protection for these lawsuits even if the property is residential.

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