Property Manager Insurance in District of Columbia
District of Columbia requires Workers' Compensation for property managers. See the checklist below for the full breakdown and costs.
District of Columbia coverage requirements
| Coverage | Required? | Minimum | Notes |
|---|---|---|---|
| Workers' Compensation | Required | Statutory | Required once you have W-2 employees; statutory limits apply. |
State regulator: DC Department of Insurance, Securities and Banking
Coverage checklist
| Coverage | Requirement | Annual cost |
|---|---|---|
| Professional Liability / E&OPL/E&O | Required | $413–$1,180/yr |
| Workers' CompensationWC | Required | $1,180–$3,540/yr |
| Cyber LiabilityCyber | Recommended | $413–$1,180/yr |
| Business Owner's PolicyBOP | Optional | $472–$1,416/yr |
| Commercial AutoCA | Optional | $708–$1,652/yr |
| Commercial PropertyCP | Optional | $472–$1,652/yr |
| General LiabilityGL | Optional | $354–$767/yr |
Cost breakdown
- ·Client volume
- ·Contract values
- ·Industry
Covers claims of professional negligence, errors, or omissions.
- ·Payroll
Required once you have employees.
- ·Client data stored
- ·Payment info handled
Relevant if you handle sensitive client data or payment information.
- ·Office
If you lease an office.
- ·Client visits
If you travel to clients and personal policy excludes business use.
- ·Office ownership
If you own or lease an office.
- ·Office
- ·Client meetings
Useful if you meet clients on site or keep an office.
Best carriers for property manager
Property Manager insurance in District of Columbia — FAQ
Do property managers need insurance?+
Yes. The main policies property managers need are professional liability and workers' comp.
How much does property manager insurance cost?+
A typical property manager can expect to pay general liability runs $300–$650 per year, professional liability $350–$1000, workers' comp $1000–$3000 depending on payroll, and commercial auto $600–$1400 per vehicle. Total annual premiums for a small operation usually range from $1,500 to $8,000 depending on coverage choices, revenue, and number of employees.
Is workers' comp required for property managers?+
Yes, in nearly every state — once you have W-2 employees. Texas is the only state where workers' comp is optional. Even sole-proprietor property managers often carry it because the physical nature of professional-services work makes injuries common.
What does general liability cover for a property manager?+
General liability covers third-party bodily injury and property damage — for example, if a customer is injured on site or you accidentally damage a client's property. It does not cover your own injuries or professional errors (those need workers' comp and professional liability).
Does my personal auto insurance cover my property manager business?+
No — personal auto policies typically exclude business use. If you drive a vehicle for work (transporting equipment, visiting clients, making deliveries), you need a commercial auto policy.
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