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PBI Group
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ILLINOIS · PROPERTY MANAGEMENT

Property Management Insurance for Illinois firms.

Most generic real estate E&O leaves Illinois property managers exposed. PBI Group writes a PM-specific endorsement that responds to failure-to-maintain, habitability, rent collection disputes, and mismanaged deposit claims under Illinois Department of Financial and Professional Regulation (IDFPR).

We Love Our Clients

What our Illinois PM clients are saying

Showing stories from IL

Paul has been fantastic to work with over the last many many years! PBI has been efficient and very professional.

Dan
Dan
ERA Naper Realty · IL

I have E&O coverage to protect me. Like all insurance, I hope to never have to use it. The manner that Paul Bondy has cared for my company's E&O needs has always been above reproach, and I've been serviced with the highest level of integrity and respect.

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As a result, I immediately renewed my policy upon notice, and without the need to inquire about other options.

Rich
Rich
CENTURY 21 House of Realty · IL

When I started my real estate company I called PBI Group for my real estate E&O insurance. They gave me a good price and superior customer service.

Brian
Brian
A-1 Agency · IL

We have been very pleased with the service, pricing and fast response time from PBI Group and Paul Bondy. We highly recommend their services for real estate E&O insurance.

Jim
Jim
Better Homes and Gardens Real Estate Star Homes · IL

We have had the pleasure of working with Paul Bondy and PBI Group for several years. We have always been treated well and get the sense that Paul has our best interests at heart. They have been most helpful in assessing our needs and providing honest advice for our real estate E&O insurance for our Illinois brokerage.

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I highly recommend Paul Bondy for your real estate agency's E&O insurance. Updated 2025- We have been loyal customers of PBI for many years. We appreciate the terrific service we receive and the ability to speak with Paul directly any time we have a question.

Jon
Jon
Gambino Realtors · IL

Appreciate the professionalism and understanding of the details of E&O insurance we have received from Paul and the PBI Group. Recent went for a second quote and asked for a review from Paul we discovered the quote had several gaps potentially costly gaps.

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As an unexpected twist, they went back for a review of our policy and was able to save us considerably on our renewal. Thank you

Ken
Ken
Keller Williams Realty Signature · IL

What makes PM E&O different in Illinois

Illinois property managers operate under Illinois Department of Financial and Professional Regulation (IDFPR) rules. Trust account compliance, habitability, and tenant disputes are the most-cited claim categories. Generic agent-side E&O policies aren't built for these — PM-specific endorsements vary widely between carriers.

PBI Group's PM endorsement responds to the five common claim categories Illinois property managers actually face:

  • Failure to maintain — habitability complaints, repair tickets ignored, slip-and-fall on flagged hazards
  • Rent collection / eviction — wrongful eviction counterclaims, harassment allegations, security deposit disputes
  • Mismanaged trust accounts — regulator audit issues, commingling claims
  • Vendor selection — contractor negligence claims pulled into the PM's E&O
  • Owner disputes — disagreements over PM authority, fee structure, or reporting

Illinois regulator and PM-specific rules

Property managers in Illinois operate under Illinois Department of Financial and Professional Regulation (IDFPR). Trust account compliance is typically the most-audited area; our policy form responds to defense costs and regulatory representation in those proceedings, including the deposition phase that pure agent E&O often excludes.

Coverage written for the PM book

Most generic real estate E&O policies are written for the agent-side activity (listings, sales, dual agency). Property management exposures don't fit that mold. PBI Group's PM endorsement extends the policy form to:

  • Habitability / failure-to-maintain claims
  • Rent collection and eviction disputes
  • Trust account audit and regulatory defense
  • Vendor selection liability
  • Owner/PM contract disputes

How PM premium scales by door count

PM premium typically scales with door count, not headcount. We segment by units under management and mix of single-family vs. multi-family. Illinois firms operating between 100–500 doors fit the strongest premium tier under our program.

You'll be surprised how affordable the best can be.

Let PBI Group get you a quote — no fluff, no pressure, just a fair price for strong coverage.

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