Insurance for Property Managers

Avoid huge legal fees and keep your clients happy

Townsend McCormack cuts through jargon to deliver a clear insurance package for property management. We help you meet legal requirements with employers’ liability and public liability. Protect your firm from the cost of defending legal issues or accidental damage involving contractors — and see our property owners and managing agents specialism.

Moving toward total safety: our clear method

Setting up cover is straightforward.

• Checking the portfolio risks — we discuss building types under care, tenant numbers, and property age to match limits to your exposure.
• Building a full price list — every cost is documented so you know where the premium goes before cover starts.
• Finding the right policy mix — cost-effective packages aligned to industry practice, with adequate values for buildings and your office.
• Starting protection fast — cover begins when agreed; certificates go out immediately for owners or officers.
• Handling every claim directly — our claims team speaks to insurers on your behalf for a fair outcome.

Why Townsend McCormack?

A broker who understands property management matters when things go wrong.

• Professional advice over sales targets — structured advice instead of call-centre sales pressure.
• Managing negligence and error risks — cover for errors in lease management or inspection reporting, supported by professional indemnity where needed.
• Tailored cover for block managers — packages can include legal expenses and business interruption for broader protection.
• Dedicated claims ownership — we take ownership of claims so you are not alone with tenants or insurers.
• Access to A-rated UK insurers — competitive terms through established markets.

Specific benefits of property management insurance

Solid cover supports stability when legal action or loss threatens cash flow.

• Winning new management contracts — owners often require proof of strong professional indemnity. Ready documentation helps you pitch for larger mandates.
• Lowering the cost of legal mistakes — professional indemnity funds defence when an error in an inspection or rent review leads to a claim.
• Protecting the office and equipment — contents cover for computers and equipment replaces stolen or damaged gear so work can resume.
• Meeting UK legal requirements — Employers’ liability is mandatory with employees; we keep programmes compliant.

Risks you avoid with correct professional protection

• Court costs from tenant accidents — if a tenant is injured in a common part, public liability can respond to compensation and legal costs.
• Fines for failing legal duties — when mistakes trigger claims from owners or tenants, the right programme responds to insurable financial loss.
• Losing income after a site fire — business interruption can replace lost management fees while a block is uninhabitable, subject to terms.
• Personal liability for company officers — Directors & officers cover can protect leaders when allegations relate to how the firm was run.

FAQs

Does professional indemnity cover accidental damage to a building?

No — PI covers mistakes in advice or paperwork. Physical damage falls under property sections of the programme arranged for the client or the block.

Is employers’ liability cover needed for part-time office staff?

Yes — in the UK it is required for anyone you pay to work for you. We include it so you stay compliant.

Does the insurance policy cover client money held in a bank?

Standard wordings may exclude client money; we can arrange theft of client money cover where required for rents and service charges held.

How often should I check my property management insurance levels?

Review annually or whenever the portfolio changes. We stay in touch so limits track growth.

Can I get insurance that covers legal costs for tenant disputes?

Yes — legal expenses can support eviction or lease disputes, subject to policy terms.

Does the policy cover accidents caused by sub-contractors?

Contractors should carry their own insurance; your public liability can still respond if the firm is drawn into a claim for oversight — we check wording accordingly.

How do admin fees work when I make a change to my policy?

We explain any MID-term adjustment fees upfront so you can budget with confidence.

Contact us for property management insurance built around your portfolio.