Comply with state laws
Avoid fines
Protect your employees
Protection from lawsuits
...'cause they can get hurt
As a property manager in Texas, you handle everything from tenant needs to unexpected repairs. Add Texas-sized challenges like intense heat and severe storms, and the risks grow. Workers’ comp insurance provides coverage when accidents happen, protecting your employees and shielding your business from costly claims or legal headaches.
In Texas, workers’ compensation insurance is optional for most employers, including property management companies. Despite this, most Texas businesses choose to carry coverage to protect employees and reduce financial and legal risks from workplace injuries.
Property management companies working on government contracts must provide workers’ compensation for employees involved in those projects. Some general contractors also require subcontractors to carry coverage before starting work.
Non-subscribers must file a DWC Form-005 annually to notify the Division of Workers’ Compensation of their non-subscriber status and report all workplace injuries or illnesses. Failure to comply with these requirements can result in penalties and increased liability risks.
For more details, visit Workers’ Compensation Insurance Texas.
Workers' comp insurance provides protection to both the employer and the injured worker. Like other types of insurance, it’s there to help in the event of an incident.
If a worker gets hurt on the job, the insurance company will help pay for the costs associated with their care so the worker is provided for until they return to work.
Since the company had an active workers' comp policy, they are not responsible for paying the medical bills.
For more details on class codes, visit this detailed guide: Property Managers’ Workers’ Compensation Class Codes
9015 - Property Managers - Leasing Agents, Clerical & Salespersons
9015 - Building or Property Management
9015 - Camps With Overnight Accommodations
9015 - Real Estate Management
9015 - Property Management for Trailer Parks & Mobile Homes
9015 - Property Management for Strip Malls
9015 - Public Swimming Pool Operation & Maintenance
9015 - Beach Bathhouse
Here’s how to save money:
Classify your workers correctlyFor example - Employees who do clerical work have a different code (8810). Lumping them together with manual labors will increase your premium.
Don't underestimate your payroll
If your payroll is more than was estimated at the beginning of the policy, it will be discovered at audit and you will be billed for the difference.
Have a clear process to report claims
...and make sure your employees know about it. This will make the entire experience easier for all involved. It can even help keep your costs down!
Report every incident- even if it didn't result in a large injury. Some things which seem insignificant can snowball into costly issues.
For more strategies, check out these 5 tips on how property management companies can reduce their workers' comp costs.
Yes, but it may limit your options. Subcontracting more than 50% of your work can be seen as higher-risk by insurance companies, which might make it harder to find coverage. To improve your chances, maintain a balanced mix of in-house and subcontracted work and always collect COIs from your subcontractors.
Employees classified under 9015 are meant to handle light maintenance tasks like changing locks, painting, or lightbulb changes. Bigger jobs like HVAC or plumbing are considered higher risk and should be handled by insured subcontractors.
To protect your business, always collect Certificates of Insurance (COIs) from subcontractors. Another option is to recommend subcontractors to the property owner and let them pay directly. This way, you avoid extra risk while still providing a solution for larger repairs.
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