Commercial Insurance For Property Managers – Don’t Go to Work Without It

Just like you would never allow a tenant to go without renters insurance, property managers also should never go without commercial insurance.

From protecting the physical property itself to protecting your business from lawsuits to simply ensuring your business income is protected in the event your property must close for a period of time, the right insurance coverage is essential to your bottom line.

But commercial insurance is not a one-size-fits-all product. Depending on what your property is used for, the size of your property and your own risk tolerance, there are a number of different policy options available, including:

  • Building and personal property
  • Business income
  • Inland marine
  • Business auto
  • Crime coverages
  • General liability insurance
  • Internet and e-commerce liability insurance
  • Special events liability & accident insurance
  • Terrorism coverage
  • Environmental impairment liability insurance
  • Umbrella liability insurance
  • Management liability insurance
  • License & permit surety bonds, and
  • Workers compensation

Before choosing your policy, it is important to fully assess your exposures. Arrange an appointment with a commercial insurance specialist who can help you determine the best policy for your needs, as well as manage your insurance requirements over the long haul.

Even if you’re the type of person who skips the extended warranty on your personal purchases, don’t underestimate your business’s commercial insurance needs. A steady rise in real estate lawsuits means an increased need to protect yourself, your business and your property. And the time to protect yourself is before you encounter a problem. Don’t be under-insured! Contact your professional commercial insurance specialist today.