Property Management Insurance

Property Management Insurance

As a property manager, do you ever feel like you are being pulled in a million directions?

We would not be surprised if you do. On any given day, you could be wearing several different hats including landlord, building inspector, maintenance crew, or even an accountant, among others.

There is no question that overseeing a commercial, residential or mixed-use property requires a lot of hard work and effort. At ICNE, Insurance Center of New England, we know that 100% of your focus and attention is on taking care of your tenants and properties. So why not work with a trusted insurance partner that can join your team and lend you a helping hand?

Our experienced insurance professionals understand that you have truly unique exposures as a property manager. Lawsuits are common in this industry for everything from property condition issues (such as faulty wiring or broken stairs) to events that occurred on the property (such as a fight or a dog bite).

In addition, property management cases tend to result in some of the biggest monetary settlements. An average case usually settles for about $50,000, but if there is a severe personal injury or death involved, a claim can exceed $1,000,000!

As a property manager, without proper insurance protection in place, you are leaving many different parties exposed to potential risk. If you are involved with renting or leasing any type of real estate, it is essential you carry protection for:

  • Your business
  • Your clients
  • Your tenants
  • The properties you manage

A photo of a New England style apartment building that would benefit from property management insurance

Our experts are happy to provide knowledgeable risk management advice and services specifically designed to address the liability issues your industry faces. We take your Risk Management very seriously and can help you build strong operating controls within your business that could have significant impact on your insurance premium. ICNE offers several additional free services to help property management clients like you develop a solid risk management plan including:

  • Analyzing your loss experience to help identify patterns that can be reduced
  • Creating safety committees to get your employees involved and excited to help diminish claims
  • Developing strategic plans to streamline your organization, potentially reducing expenses

While you are juggling multiple tasks every day, let your ICNE agent make sure you have the important insurance coverages you need. As one of the area’s largest, privately owned, independent insurance agencies, we have access to a wide variety of high quality insurance protection options at industry competitive rates. More important, we are dedicated to serving you with the same personal approach you provide your residents and their units.

We welcome you to stop into any of our five convenient Massachusetts offices! Or, contact us anytime with questions, to review your current insurance policies, or for help making an informed decision about protecting your business and your clients’ biggest asset.

ICNE has partnered with a wide variety of top-quality insurance carriers to provide you with access to the specific insurance options that you need as a Property Manager, including:

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