PM company - additionally insured

[Edgar Perez]

Found a couple posts from a few years ago but wanted compare to see if responses have changed.

I'm in the process of hiring a property management company for the first time. They require that I add them as additionally insured on my Insurance policy. Is this pretty standard practice or something I should be concerned with?

When I brought this up my insurance agent started to question as to why PM would require this and I didn’t have an answer.