Non-Standard Worker Comp Insurance for Property Management

Property management operations face a wide range of workers’ compensation challenges, especially when managing multiple property types and employees across various job functions. Novatae Risk Group offers a specialized Non-Standard Workers Comp Insurance program tailored specifically for the unique exposures within the property management industry. Designed to serve accounts that may not qualify for standard market placements, this program helps agents and brokers find reliable coverage for their harder-to-place clients.

Whether your client manages office buildings, retail strips, residential complexes, or mixed-use properties, Novatae's program—powered by Empire Underwriters—delivers custom solutions to help control costs, improve compliance, and simplify claims management. With over 30 years of experience behind the program, you can confidently place distressed or complex comp accounts with a team that understands the property management industry inside and out.

Ideal Accounts and Appetite

• Property management companies with tough class codes and high X-mods (1.30–3.00)
• Accounts exiting a state fund, assigned risk pool, or insurer of last resort
• Accounts that have been non-renewed or canceled due to prior losses
• New ventures or accounts with no prior coverage but valid operational needs
• Accounts with a lapse in coverage and adverse loss experience

Examples include a property manager overseeing multiple apartment complexes with maintenance staff and recent claims history, or a firm managing retail centers with past coverage gaps and rising premiums.

Coverage Highlights and Advantages

• Pay-As-You-Go workers comp with no premium deposit required
• No premium audits, reducing administrative hassle
• Significant cash flow advantages for your clients
• Loss control and risk management support
• Claims are managed aggressively yet fairly
• HR support services including unemployment claims, garnishments, COBRA, and more
• Full payroll service with tax remittance, 941s, W-2s, and compliance
• Flexible payment and payroll options, including in-house check cutting
• ASO (Administrative Services Only) and PEO (Employee Leasing) options available
• High retention product—coverage remains active until canceled

Underwriting Notes and Minimum Premiums

• Submissions must include: Acord 130, relevant class supplemental form, 3 years loss runs, loss affidavit (if lapsed/no prior), explanation of any claims over $20,000, and current experience mod sheet
• Minimum premiums vary by state and risk class
• Only accounts meeting one or more eligibility criteria will be considered
• Not eligible: accounts with standard market offers, low X-mods, or those simply shopping for better rates

Territories and Availability

The Non-Standard Workers Comp for Property Management program is available in most states, including 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, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, DC, WV, and WI. Market availability and carrier access vary by state.

Why Work With Novatae Risk Group?

As a trusted Managing General Underwriter and Excess & Surplus Lines Broker, Novatae Risk Group brings targeted expertise to challenging workers' comp placements. Through its partnership with Empire Underwriters, this program provides agents with access to competitive non-standard solutions, streamlined underwriting, and value-added services that help you stand out to your property management clients. Backed by decades of experience and a client-first approach, Novatae is your go-to resource for tough-to-place comp risks in property management.

Need a quote? Email [email protected] or call 800-758-8113 to speak with an underwriter today.