Business insurance for Property management

Hiscox business insurance starts at £10* a month for property management organisations and self-employed professionals. The precise cost will depend on the cover you choose to include and the cover limits you select.

Flexibility is at the heart of the Hiscox approach to business insurance, so you’re able to select a single type or a handful of different covers. We’ll then ask you to set a policy value and answer a few questions about the nature of your company – the cost will be based on these factors.

Read more in our guide on the cost of business insurance.

*Figures based on policies from at least 10% of our customers in 2019.

Public liability and professional indemnity insurance are two of the most common business insurance products. Both covers help protect property management companies against legal costs relating to defence or damage payments, but they play very different roles.

Public liability insurance helps if a third party seeks compensation after an accidental injury or property damage – for instance if a client bangs their head on a low ceiling during a property visit. Professional indemnity does the same for complaints about the quality of your service. If a client questions your pricing advice and accuses you of negligence in your role, PI insurance can cover the cost of defending yourself against such a claim.

Going about your business is usually plain sailing, but business risks can arise from unexpected places. One of our customers, the owner of a Cotswolds farm, found himself facing a claim when a member of the public was injured by an electric fence on his property.

A property manager could face a similar claim if a tenant slips on a loose floorboard on the stairs or even if a pedestrian is hit by a falling television aerial.

Read about our customer’s story – and how insurance helped with his denial of liability counterclaim – in our claims stories series.