Property Managers Insurance — Capitol Special Risks
If you place property management accounts, Capitol Special Risks provides targeted wholesale placement options designed to close coverage gaps common to property managers of commercial buildings, apartments, condominiums and other managed real estate. As a wholesale broker, we work with multiple markets to deliver combinations of admitted and non-admitted solutions (some markets available) and fast turnaround — without charging broker fees.
Overview
This program is built for agents and brokers who need specialized coverages for clients who manage other people’s property. Capitol Special Risks combines access to several markets with underwriting focused on the unique exposures created by management duties, tenant relations, and custodial responsibilities. We help you assemble primary and ancillary protections to reduce client E&O exposure and liability holes that standard property or general liability programs may not address.
Ideal Accounts and Appetite
- Commercial property managers, apartment complexes and multi-family managers
- Condominium and HOA management firms
- Third-party managers who handle leasing, rent collection, maintenance oversight or owner representation
- Small to mid-sized portfolios and individual buildings (minimum premiums and SIRs apply)
Typically acceptable: accounts with disciplined tenant screening, documented leasing procedures, and routine risk controls. Generally more challenging: managers with significant prior claims history, large concentrations of high-value properties without loss control, or managers operating outside the listed territories.
Coverage Highlights and Advantages
Capitol Special Risks places a focused package of coverages frequently requested by property managers:
- Errors & Omissions (E&O) Insurance — protection for management decisions and professional services
- Tenant Discrimination — defense and liability for fair housing exposures
- Cyber — coverage for data breaches tied to tenant records, rent processing and payment systems
- 100% Ownership Coverage — options to protect managers who fully control a property
- Lockbox Coverage — coverage for funds handling and theft from collection points
- Owner Representation Coverage — liability arising from acting on owners’ behalf
- Licensing Proceeding Claims Coverage — defense for licensing and disciplinary matters
- Tenant Includes Punitive Damages — expanded tenant coverage where allowed
These elements can be combined to tailor limits, deductible/SIR structures and ancillary coverages based on each client’s exposures.
Underwriting Notes and Minimums
Minimum premiums typically start at: $1,500. Minimum SIR: $2,500. Underwriting will consider prior loss runs, management agreements, tenant screening practices, cash handling procedures, and cyber hygiene. Capitol Special Risks uses multiple markets, so terms, admitted vs. non-admitted placement, and pricing will vary by state and by carrier appetite.
Territories and Availability
Available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. Some markets may offer admitted paper; others will be non-admitted depending on state and carrier.
Why Work With Capitol Special Risks on Property Managers Business?
- Wholesale broker specialization — focused placement for property management risks.
- Multiple carrier access — flexibility to match coverage form and capacity to the account.
- No broker fees — cleaner quoting and binding for your clients.
- Fast turnaround — designed for agents who need timely proposals and bindable terms.
Example Accounts
- You might have a client who manages a 60-unit apartment building and needs E&O plus cyber and lockbox coverage after implementing online rent payments. This program can package those exposures with a competitive minimum premium and appropriate SIR.
- Or you may place a small HOA management firm that requires owner representation coverage and tenant discrimination protection — Capitol Special Risks can present options from several markets to fill those gaps.
At Capitol Special Risks, we pair underwriting experience with multiple markets so you can deliver the right protections for property managers — efficiently and without broker fees.
In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service - CA Fire & Casualty Agency - #0C46094