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Two kinds of coverage sit in a property management program

Some coverage in a property management program exists because there is a building. Some exists because you are managing that building for someone else. The distinction matters, because the second category is where most uncovered claims live.

General liability responds when someone is injured on the property. It does not respond when an owner alleges you failed to obtain the insurance the management agreement required, mishandled a trust account, or leased to the wrong tenant. That is professional liability, and a general liability policy will decline it.

This cluster covers the property-management-specific side. For the general commercial lines — which 4J already documents in depth elsewhere on this site — the cards below link to the existing pages rather than repeating them here.

Elsewhere in this ecosystem: Property Management · Resource Center · Property types · Risk management · Community associations · Glossary

Coverage specific to managing property for others

Professional and management liability

Property management errors and omissions, and directors and officers liability where a board is involved. These respond to allegations about decisions and advice, not to physical damage. Dedicated pages are approved and scheduled.

Crime and fidelity

Employee dishonesty, third-party fidelity and social engineering fraud. Trust accounts, assessment collections and vendor payment flows make property management a recognized target. Association fidelity requirements often sit in the declaration rather than in statute.

Habitational property

Valuation basis, coinsurance, ordinance or law, business income and equipment breakdown on residential and mixed-use schedules. Valuation is where Texas statute and lender requirements most often diverge.

Professional liability is not a building coverage

The most frequent property management coverage gap is the assumption that errors and omissions responds to damage at a managed property. It does not. It responds to allegations about how the property was managed. Two different policies, two different triggers, and a claim can fall between them.

The general commercial lines, documented already

General liability

Third-party bodily injury and property damage, the foundation of almost every property program. Deliberately not duplicated here — 4J already documents it as a standalone line.
Open general liability

Cyber liability

Resident data, payment portals and the wire fraud exposure that follows large recurring transfers. Also documented as a standalone line.
Open cyber liability

Workers' compensation

On-site maintenance, leasing and janitorial staff, plus the experience modifier consequences of a habitational claim history.
Open workers' compensation

Find out which policy answers the call

Send the property program and the management agreement together. Most gaps only become visible when the two are read side by side.

Request a Coverage Audit