Property manager wants me to buy workers comp insurance

[Nicholas P.]

I am working on closing on my first rental property in Florida. I've run all the numbers and everything seemed to be going well. The property management company I was going to be working with just sent me a contract that includes a provision that says I have to provide workers compensation insurance for their employees to do work on my property. It appears to be a major red flag to me and I'd like to negotiate to have them remove it or find another company. But I wanted to do a quick sanity check. Do your property management companies require you to buy workers compensation insurance?

[Wayne Brooks]

Hell no. That means that either 1) they don’t carry workers comp for “their” employees or 2) they hire handymen with no insurance.