Commercial landlord insurance
out of 5 customer review rating and 200,000+ policies sold
Protect your property and your tenants with landlord insurance.
From employee injuries to the loss of sensitive tenant information, landlords have to be prepared for the potential financial impact from a wide range of risks. That’s what commercial landlord insurance and residential landlord insurance are for.
If you own property, you’ll be happy to learn that at biBerk, we provide tailored commercial landlord insurance and residential landlord insurance at savings of up to 20%. Whether you need workers' compensation, a business owners policy or BOP (sometimes called property & liability insurance), commercial auto, umbrella, or cyber insurance, just complete a simple form online or talk with our licensed insurance experts to get a fast, free quote. Plus, with biBerk, you can purchase a landlord insurance policy, manage it, and report claims online for ultimate convenience.
Why do I need landlords’ building insurance for a commercial property?
Business insurance is really important for landlords. Many hazards can impact your buildings and your tenants’ lives and property. A business owners policy (BOP) covers damages from many types of incidents, and other policies can address additional risks. Having the right amount of business insurance can provide financial protection if the unexpected occurs.
Anyone in the residential rental and commercial rental industries needs commercial property landlord insurance, including:
- Apartment building owners
- Apartment leasing consultants
- Landlords
- Leasing agents
- Multi-family property managers
- Property managers
What are the different types of landlord’s commercial insurance?
Any reputable insurance company should have a range of choices to help you find the best landlord insurance policies. At biBerk, we offer five different types of commercial landlord insurance policies and residential landlord insurance for small business owners like you. Depending on the location of your business and other factors, some types might be better for you than others.
Workers' Compensation insurance
This insurance helps protect your business if an employee gets hurt, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury.
Workers' Compensationchevron_rightBusiness Owners Policy
Also known as property & liability insurance, a business owners policy (BOP) conveniently combines general liability insurance with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption resulting from a covered property damage claim. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage—using a temporary location, for example. Plus, there are endorsements you can add to customize your policy, including cyber, hired and non-owned auto liability, employment-related practices liability, employee benefits liability, and equipment breakdown/boiler & machinery.
Business Owners Policychevron_rightCommercial Auto insurance
If your company owns or leases vehicles, this policy protects your business. This type of landlord insurance can provide coverage for your legal fees and the medical costs of others if your employee is at fault in an accident. It can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.
Commercial Autochevron_rightCyber insurance
This coverage can be purchased as an add-on to a BOP, general liability, or professional liability policy. It helps cover costs related to system hacks or data security breaches where somebody has stolen sensitive information and committed fraud or is likely to.
Cyber Insurancechevron_rightUmbrella insurance
As you’d expect, every landlord building insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection: It can cover costs that exceed the limit of another liability policy, up to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.
Umbrella Insurancechevron_rightWhat’s not covered by landlord insurance?
While landlord insurance for commercial property owners and residential property owners covers many types of risks, there are certain things it may not cover, including:
Who relies on biBerk for commercial property landlord insurance?
First-time landlords
People who are landlords for the first time want an insurance company that can help them protect their investments from an array of risks, including property damage. Our licensed insurance experts can help them understand how landlord insurance and homeowners insurance are different and how landlord insurance helps them meet their legal obligations. They like that our website has helpful articles and other resources. And, of course, busy landlords appreciate that we make buying and using business insurance simple!
Property managers
We also assist property managers. Sometimes, it’s their job to research and purchase commercial landlord insurance policies on behalf of the property owners. They enjoy streamlined policy management when they get all their coverage from one provider and, like investors, they appreciate attentive and efficient claims management.
Experienced property investors
Some of our customers are experienced property investors looking to protect a portfolio of properties. Carrying landlord insurance helps prevent income losses that can hurt their businesses. They look to us for guidance on how to tailor their coverage to meet their needs. And if an incident occurs, they like working with a landlord insurance provider that works hard to review and address claims quickly.
Learn about landlord insurance costs. Get a commercial landlord insurance policy quote online.
Wondering about landlord insurance costs? Your insurance cost is calculated based on a number of factors. These include your location, business size, and claims history. You can get the best landlord insurance quotes for all the policies you need online.
Additional landlord insurance coverages
In some cases, additional coverages are available for landlord insurance policies. They may include protection in instances of rental property construction (coverage for a dwelling you are renovating) and required upgrades to meet building codes (if you're repairing a damaged building and building codes require you to update things like ventilation systems or wiring).
Why biBerk for landlord’s commercial property insurance?
We’re the experts when it comes to landlord's commercial insurance.
Save time.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
Save money.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.
Experienced.
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $52.2 billion in paid claims in 2023.
Landlord insurance frequently asked questions (FAQ)
Below are answers to questions people often ask about landlord insurance.
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What is landlord insurance?
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Landlord insurance protects rental property owners from risks like property damage, liability claims, and loss of rental income.
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How is landlord insurance different from homeowner’s insurance?
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Landlord insurance is specifically designed for rental properties, covering unique risks such as income loss, that homeowner’s insurance doesn’t.
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Is landlord insurance mandatory?
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While not legally required, many mortgage lenders make it a condition for approval, and it’s an essential financial safeguard for landlords.
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What does your landlord insurance policy cover?
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Our policies typically include coverage for property damage, landlord-owned contents, tenant liability claims, loss of rental income, and legal expenses.
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How much does landlord insurance cost?
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Pricing varies based on factors like property location, coverage levels, and claims history. Get a personalized quote today to see your options.
Get a quote today.
Getting the right commercial landlords’ insurance shouldn’t be difficult or stressful. See why biBerk is easier and more convenient for landlord insurance when you obtain your free quote online. We’re all about making it easier and simpler for you.