Property Manager Insurance Cost: Ranges + Calculator
A property manager's biggest exposure is not a slip-and-fall — it is a management decision. Fair-housing discrimination claims, wrongful evictions, and failure-to-maintain disputes are professional-service claims that general liability does not answer; errors & omissions (professional liability) does. The trap: E&O policies often sublimit fair-housing/discrimination claims well below a real settlement, so the limit matters as much as the coverage. Our own quote data shows these firms request general liability first — the page's job is to add E&O and check the discrimination sublimit.
As an industry-typical estimate, a property-management firm runs roughly $1,500–$6,000+/year across errors & omissions, general liability, directors & officers (for association management), and payroll-rated workers' compensation. No insurance bureau publishes property-manager premiums, so every dollar here is an estimate; each coverage fact is sourced to a named authority (III). Use the calculator below, then get a real quote in 5 minutes.
| Business activity |
|---|
| Apartment managers' offices |
| Condominium managers' offices, residential |
| Cooperative apartment managers' offices |
| Managers' offices, residential condominium |
| Managers' offices, residential real estate |
| Managing cooperative apartments |
| Managing residential condominiums |
| Managing residential real estate |
| Property managers' offices, residential real estate |
| Property managing, residential real estate |
| Real estate property managers' offices, residential |
| Residential property managing |
| Residential real estate property managers' offices |
| Resort or vacation property managers' offices |
Estimate your commercial insurance cost
Plug in a few business details and we'll show an industry-typical annual range for General Liability + Workers Compensation + Commercial Auto, with the source for every number. Real quotes vary by carrier, claims history, and underwriting — get an actual quote here.
Industry-typical market ranges
Sourced from III, NCCI, ISO, NAIC, BLS, FMCSA, FDA, NRA — government and bureau publications, not from our quote form
Coverage lines a property-management firm typically carries (industry-typical estimates):
- Errors & omissions (professional liability): the trade-defining line — defends fair-housing discrimination, wrongful-eviction, and failure-to-maintain claims GL will not; watch the discrimination sublimit. III professional liability.
- Directors & officers: board/association management decisions — not covered by E&O or GL. III commercial general liability.
- General liability: third-party bodily injury and property damage at managed premises. III commercial auto.
- Workers' compensation: required in most states once the firm hires. III workers comp.
Units under management, association vs. rental mix, and eviction/discrimination exposure are primary rating factors.
Recent rate-filing activity — 8 state filings across 1 commercial line
Commercial carriers can't charge whatever they want — each state's Department of Insurance must approve loss-cost filings before they take effect. These are primary-source, government-held records available on SERFF Filing Access. Cited below: the most-recent active filings affecting property manager operations, each cited to the regulator or bureau filing it came from.
| Line | State | Overall change | Effective | Filing |
|---|---|---|---|---|
| WC | NV | -32.8% voluntary loss cost decrease (legislatively-driven; SB 317) | Oct 1, 2026 | SERFF #NCCI-134895530 |
| WC | RI | Overall -2.5% voluntary (industrial); -12.9% federal classes | Aug 1, 2026 | SERFF #NCCI-134743616 |
| WC | AR | Overall -9.8% voluntary loss cost; -9.8% assigned risk market | Jul 1, 2026 | SERFF #NCCI-134876672 |
| WC | TX | Overall -3.8% adjustment to voluntary loss cost level | Jul 1, 2026 | SERFF #NCCI-134745334 |
| WC | OH | -1% private-employer rate cut (~$10M aggregate; -50% cumulative since 2019) | Jul 1, 2026 | — |
| WC | SC | -0.4% voluntary loss cost decrease | Apr 1, 2026 | SERFF #NCCI-134702984 |
| WC | NC | per $100 payroll (advisory loss cost) | Apr 1, 2026 | Filing #NCRI-134628278 |
| WC | NC | per $100 payroll (advisory loss cost) | Apr 1, 2026 | Filing #NCRI-134628278 |
Source: SERFF Filing Access (filingaccess.serff.com) — the official public-records interface for state Department of Insurance filings. Loss-cost changes shown are the overall bureau-wide change in each state; the actual impact on your quote depends on your class code, payroll, experience modifier, and carrier-specific loss-cost multiplier (LCM). Get a quote for your exact numbers.
Bureau-filed loss-cost activity by state — 45 states with filings
Each link below opens a property manager-specific page showing only that state's most-recent bureau-filed loss-cost filings (NCCI workers' comp and/or ISO commercial-lines), cited to the regulator or bureau filing each came from. Filed-rate data ≠ carrier final rates.
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Sources cited
- Professional Liability Insurance — Insurance Information Institute (III), 2024
- Commercial General Liability Insurance — Insurance Information Institute (III), 2024
- Commercial Auto Insurance — Insurance Information Institute (III), 2024
- Workers Compensation Insurance — Insurance Information Institute (III), 2024