Most property managers don’t enter the business with a background in risk management. But ask anyone who’s been hit with a lawsuit, and they’ll tell you: the blind spot isn’t operations—it’s insurance.
While property management has embraced tech, automation, and marketing innovation, the topic of business insurance is still noticeably absent from most conversations. It’s not flashy. It’s not exciting. But when something goes wrong—and it eventually will—it can mean the difference between staying in business or folding under pressure.
At PMAssist, we’ve seen too many property managers make one of two dangerous assumptions:
“I’ve got the basics covered.”
“That kind of lawsuit would never happen to me.”
In reality? Lawsuits don’t target the negligent—they target the unprepared. And even a frivolous claim can cost tens of thousands of dollars in legal fees before you ever step foot in a courtroom.
That’s why we’re tackling this overlooked topic head-on in our latest PMAssist Insider feature.
Inside the Full Breakdown:
Our latest Substack post covers the critical policies property managers should be thinking about before they need them. From lesser-known riders to the hard lessons learned through costly claims, we’re walking you through what matters, including:
General Liability Insurance – It’s more than just slip-and-falls.
Errors & Omissions – Because even great operators make mistakes.
Cyber Liability – Think you’re safe? One data breach says otherwise.
Employment Practices Liability Insurance (EPLI) – Protects you from your own employees.
Class Action & Consumer Law Coverage – Yes, it’s a thing. And yes, you need it.
…and much more.
⚠️ Reminder: Most property management companies are underinsured. And in some cases, that’s a gamble that ends the business.
👉 Want the full list of insurance coverages every PM should consider—and why they matter?
Read the full post now on Substack:
The Insurance Every Property Manager Needs (But Nobody Talks About)
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