PI for property managers covers claims that your management of a rental cost a landlord or tenant money.
Source: https://piinsurance.com.au/property-managers/, fetched from the preview https://pi-react-4ee768.pages.dev/property-managers/ on 10 Nov 2026; site dated 3 Nov 2026. Preview wording, not yet broker-reviewed. General information, not advice.
Site label: Usually under the agency's policy.
Why you need it: your agency and licence
Property managers are licensed and usually covered under the agency's PI. Check with your state regulator if you work on your own licence.
Typical limits
$1m to $2m.
What can go wrong
Illustrative scenarios, not real claims.
A missed rent increase notice
A notice is served late and the landlord loses a year of higher rent.
A tenant not checked
A tenant with a history of arrears is approved and leaves owing months of rent.
Common exclusions to watch
- Rent default itself (landlord insurance)
- Trust account dishonesty
- Fines
Wording differs between policies. Read the policy wording, or ask us to point out what it says.
Common questions
Do property managers need professional indemnity insurance?
Property managers are licensed and usually covered under the agency's PI. Check with your state regulator if you work on your own licence.
How much PI cover do property managers need?
$1m to $2m.