Insurance Built for Property Managers And Property Owners
Your client insures the building. You insure every decision you make about it the vendor you approved, the repair you scheduled, the tenant you screened, the certificate you accepted. When a claim arrives, that distinction decides which policy responds. Most property managers and property owners find out which one they had at exactly the wrong moment.
The Gap Most Managers Do Not Know They Have
Being named an additional insured on your client's general liability policy feels like protection. It is for premises claims arising from the property itself. It does nothing for the claim that alleges you chose the wrong contractor, missed the inspection, mishandled the application, or drafted the clause badly. Those are professional liability allegations, and the owner's policy is not built to answer them.
That is the core of it. Owners insure the asset. Managers insure the service. Almost every coverage dispute between the two starts at that seam and in New York, where Labor Law §§240 and 241 extend absolute liability to owners, contractors, and their agents, the seam is wider and the stakes are higher than in almost any other state.
Choose Your Property Type
Commercial Property Management
Office, retail, industrial, and mixed-use. Continuous tenant build-outs, lease-driven insurance requirements, and the heaviest scaffold law exposure in the state.
Learn MoreHOA, Condo & Co-op
Community association management, where three policies meet over one loss the master policy, the unit owner's policy, and your own errors and omissions.
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Long-Term Residential Rentals
Habitational is a hard market in New York. Lead, mold, assault and battery, and fair housing exclusions matter more than the limit on the declarations page.
Learn MoreShort-Term & Vacation Rentals
Airbnb, VRBO, and seasonal properties, where a homeowners policy excludes the use and Local Law 18 decides whether you have a claim at all.
Learn MoreWhat Property Managers Actually Need
There is no single property management insurance policy. There is a stack, and which pieces you need depends on what you manage, who employs the building staff, and what your management agreements obligate you to carry. Errors and omissions is the one line that never transfers to a client's program everything else is a question of allocation.
Where We Work
We work across New York City and the northern suburbs five distinct markets with five distinct exposure profiles. A pre-1960 Bronx multifamily portfolio and a Somers homeowner association are not the same underwriting conversation, and a program written for one will leave gaps in the other.
Overlap With Your Client's Coverage
The practical test for any claim is whether the alleged failure is a condition of the property or a decision by the manager. Conditions flow to the owner's tower. Decisions flow to your errors and omissions. Most real claims are both which is why additional insured status, primary and non-contributory wording, waivers of subrogation, and the indemnity language in your management agreement matter as much as the policies themselves.
Read the full breakdown of owner and manager coverage overlapOVERLAP
The strongest programs are built around the seam between the two.
Bring Your Management Agreements
Bring your management agreements, your certificate log, and your current declarations pages. Most gaps we find are not missing policies they are endorsements that were never added, or that quietly dropped off at a renewal nobody read.