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Workers' Compensation Insurance for Property Management

Policies for residential, multi-family and commercial property management

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Why do Property Managers need
Workers' Compensation Insurance?

Comply with state laws

Comply with state laws

Avoid fines

Avoid fines

Protect your employees

Protect your employees

Protection from lawsuits

Protection from lawsuits

...'cause they can get hurt

Property managers are responsible for employees' safety on the job. If an employee is hurt, they will be out of work for a time, which means they aren't able to service your customers and earn you money.

  Common property management injuries

  • Slip and falls
  • Sprains
  • Eye strains
  • Carpel tunnel syndrome

Common types of Property Management workers we can insure

Camps With Overnight Accommodations Insurance

Camps With Overnight Accommodations

Leasing Agents, Clerical & Salespersons Insurance

Leasing Agents, Clerical & Salespersons

Property Managers Insurance

Property Managers

Public Swimming Pool Operation & Maintenance Insurance

Public Swimming Pool Operation & Maintenance

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Don't see your business classification?
We're here to help. Call 866-338-8823.

Who is covered by Workers’ Comp?

Workers' Compensation for Property Management Companies can cover employees, sub-contractors, volunteers, and independent contractors, depending on your plan. Workers’ comp may cover any type of injury that is sustained while your employee is working for you — whether it's an on-the-job injury or an injury that occurs offsite.

This means that, even if an employee is injured during a company retreat or outing, or while running errands on the clock, these injuries could be covered by workers’ comp. In the case of Workers’ Comp for Property Managers, an injury may occur at a specific building or on the way to a building visit.

Workers’ Compensation for Property Management Companies

Larger property management companies may have employees in several states, which is why it can be useful to buy workers’ comp where one company insures all of its offices across the nation. This way, if a person works in multiple states, they only have to have one policy.

What type of injuries does
Workers' Comp Insurance cover?

Workers' comp insurance covers both the employer and the injured worker. Like all types of insurance, it acts as a safety net in case of an accident.

If a worker gets hurt on the job, the insurance company will help cover the costs associated with their care so the worker is well taken care of until they return to work.

Since the company had a workers' comp policy, they do not need to pay anything towards the bills.

What will Property Management Insurance pay for?

  • Medical bills
  • Rehab and therapy expenses
  • Lost wages and disability benefits
  • Funeral cost
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How much does Workers' Comp Insurance
for Property Managers cost?

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What's the cost based on?

The National Council of Compensation Insurance (NCCI) sets a fixed rate for every industry.

The rate is based on the level of risk for that job description.

Premiums are primarily calculated by using your payroll numbers and your NCCI class code.

Common Classifications for Property Management

9012 - Property Managers - Leasing Agents, Clerical & Salespersons

9015 - Building or Property Management

9015 - Camps With Overnight Accomodations

9015 - Real Estate Management

9015 - Property Management for Trailer Parks & Mobile Homes

9015 - Property Management for Strip Malls

9015 - Public Swimming Pool Operation & Maintenance

9015 - Beach Bathhouse

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Don't see your business classification?
We're here to help. Call 866-338-8823.

Get Workers’ Compensation for Property Managers today!

Property Management Workers' Compensation can cover your employees if they are hurt on the job. This includes injuries that occur at work and even those that occur during the commute to or from work. Whether you're just starting out or have been in business for years, you can get workers’ compensation for property management that's right for your company and employees. 

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Helpful tips to save money

Choosing property management insurance services may sound simple, but doing it wrong can be very costly. Here’s how to save money:

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Classify your workers correctly
For example - Employees who do clerical work have a different code (8810). Lumping them together with manual labors will increase your premium.

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Don't underestimate your payroll
You will be expected to pay the difference at the end of the policy.

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Have a clear process to report claims
...and make sure your employees know about it. This will make the entire experience easier for all involved. 

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Report every incident
- even if it didn't result in a large injury. Some things which seem insignificant can snowball into costly issues.

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Prepare for your audit
Every policy is audited at the end of 12 months. Keep your payroll records and files neat so you don't have issues later!

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FAQ's on Workers' Comp for Property Managers

How quickly can I get my certificate of insurance?

Certificates are usually issued 24 hours after the policy is bound.
Let us know if you need it quicker and we will rush it.

We are a property management company that only handles the back end office work and lease agents. How should I classify my business? 

9012 is the correct class code. If there are employees that are maintaining the grounds of the property those employees and their payroll should be under class code 9015.

State laws on Workers' Comp for Property Managers

Workers' compensation is regulated at the state level, so rules and penalties vary by state.

For example, New Jersey requires coverage for any business with one employee. Florida, on the other hand, requires it for general businesses with four or more employees and construction companies with even one employee.

If you’re an employer, you should research the specific laws in your state to ensure you’re complying with workers' comp requirements. 

Choose your state from the dropdown to learn more.
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*Don't see your state? Have no fear!
Kickstand does business nationwide.
Our web team hasn't gotten to the other state pages yet.
Reach out and we'll help you. Call 866-338-8823.
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Need other types of insurance for Property Managers?

Yes, we can help with that too!

Why use Kickstand to
get workers' comp insurance?

Speed + Service + Experts

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Unlike other online insta-quote systems,
here your quote is reviewed by experts

Why does it matter?

  • Avoid surprise bills at audit
  • Make sure all your employees are properly covered
  • Protect yourself from lawsuits

What do we check?

  • Business categorized correctly
  • Employees job roles
  • Special discount opportunities

Get Workers’ Compensation for Property Management today!

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