FL Property Management Insurance

Protect your rental portfolio and management company with liability, property, and E&O coverage built for Florida property managers. Free risk review.

Frequently Asked Questions

What insurance does a Florida property management company need?

The core program is general liability, professional liability (errors and omissions) for management decisions, and a fidelity/crime bond covering theft of association or owner funds. Companies with employees also need workers' compensation, and any company vehicle needs commercial auto. Many association contracts spell out required limits, so we review the management agreement before quoting.

Why do property managers need professional liability on top of general liability?

General liability covers bodily injury and property damage — a slip-and-fall at a property you manage. Professional liability covers financial harm from your management decisions: a missed insurance renewal on a building you oversee, a budgeting error, or a vendor-screening failure. Most claims against property managers are the second kind, which GL excludes.

Does property management insurance cover tenant discrimination claims?

Standard policies often exclude or sub-limit discrimination claims. A tenant discrimination endorsement or a standalone employment-practices-style policy fills that gap — important in Florida, where fair-housing complaints can be filed with both HUD and the Florida Commission on Human Relations. We confirm this coverage explicitly on every property-manager program we place.

Are property managers covered under the condo association's insurance?

Generally no. The association's master policy and D&O protect the association and its board — not the management company, which is a separate business that needs its own liability program. Many associations actually require their manager to carry independent coverage and name the association as additional insured.

Get a free quote or call (904) 900-5063 — Atesa Risk Advisors, independent Florida insurance brokerage.