Property Management Insurance

You can save up to 25% in discounts on business insurance.*

Choose your primary coverage to get started:

Professional Liability

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General Liability

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Workers' Compensation

Commercial Property

Other Coverages

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Property management insurance designed to protect your business

NEXT Insurance is a one-stop shop to help you get the property management insurance coverage you need to protect your business from accidents, injuries, and legal fees. Our insurance packages typically include:

General liability
Professional liability
Workers’ compensation
Commercial property

We’ll help you get the business insurance coverage you need

It’s all about managing your risk. See the different policies available for property managers and save up to 10% when you bundle two or more of our policies.

General Liability

Protection for the injuries, accidents and damage you cause

General liability insurance for property managers covers a wide range of accidents and basic risks. You’ll have financial protection if someone other than an employee gets hurt or you are held responsible for damaging property that doesn’t belong to you. It’s often required by building owners.

general liability can help you pay for:

Medical payments

Property damage

Legal fees and judgments

Errors & Omissions

Coverage against business mistakes and claims of negligence

Property management errors and omissions insurance (also known as professional liability or E&O insurance for property managers) helps you defend yourself if you’re accused of making a mistake that causes someone to lose money. For example, if you are accused of failing to address a carbon monoxide issue and tenants get sick, it could help cover related expenses to defend yourself or solve the problem.

professional liability can help you pay for:

Professional negligence (actual or alleged)

Legal defense costs

Legal judgments

Workers' Compensation

For business owners who hire employees

Workers’ compensation insurance can help pay for medical care and lost wages after a workplace injury. It’s almost always required if you have employees. Choose business owner’s coverage with your policy to protect yourself.

workers compensation can help you pay for:

Medical expenses

Lost wages

Employer liability

Commercial Property

For business owners who own or rent physical spaces

Commercial property insurance can help protect your business equipment, inventory and even the building itself if you own it. If your business property is damaged due to a covered event, such as a burst water pipe or fire, property insurance can help with replacement costs or repairs.

commercial property can help you pay for:

Damaged equipment and inventory

Lost income

Operating expenses

What customers say about us

Affordable

I have new business, so my bottom line is very important. Next was able to provide the insurance I needed without breaking the bank! Thank you Next!

Kenneth B.

General Liability

Smooth easy process.

David C.

So Necessary for Business

Being in a 1st time needing insurance contractual business situation. Next made it easy for me to understand the whole process of being covered for business mishaps and to why I ne...

Grip M.

Manager

Excellent

Cassandra W.

Next was fast affordable and

Next was fast affordable and completely what I needed.

Antoniette D.

Efficient and easy to claim

I recently contacted Next to make a claim on my liability policy for a breakage to a clients window. It was a quick and easy process using an online chat system and I received paym...

Jason M.

Cost effective small business insurance

The cost and ease of use were factors in choosing NEXT. COI at your fingertips. Not the name you would look for, but they are now.

Michael R.

I liked your process

Chany R.

Business Insurance

Great customer service, great prices!

Constance F.

Just what we needed!

This liability insurance helps me sleep better.

Paul C.

You can save up to 25% in discounts on property management insurance

You can pay for your insurance monthly or annually and you can cancel instantly at any time.

Basic

Lowest Price

General Liability

Per occurrence

$500,000

Professional Liability (E&O)

Per occurrence

$250,000

Workers’ Comp

Per accident

$1 million

Commercial Property

Per occurrence

$25,000

Pro

How much does property management insurance cost?

Property managers’ insurance quotes vary based on the risks that your business faces, such as:

The types of properties you manage
Where your properties are located
If you have any employees

Learn more about property manager insurance costs and coverage.

Property management business insurance requirements

Property managers are almost always required to have insurance due to the risk of injury to tenants and damage to property. You might need insurance to:

Start managing a property. Building owners might ask you to have active insurance — usually general liability or workers’ compensation.
Hire employees. Most states require workers’ compensation.
Repair or replace property you own or rent. Protect your inventory, equipment and even the building that you lease or own.

Frequently asked questions about business insurance

Here are some of the most common questions we get about liability insurance for property managers. If you don’t find the answers you need here, our licensed, U.S.-based insurance advisors are standing by to help via online chat or phone.

How does business insurance protect property managers?

Our property management insurance packages are designed to protect your business from a variety of risks and help you save money to grow your business. You can be protected from financial losses related to:

Damage to someone’s property

Your shoes leave stains on a tenant’s expensive rug when you make a repair. The general liability coverage in your insurance package could help pay for a replacement.**

Accidents that hurt someone

A prospective tenant slips and falls on the stairs while you’re showing them a unit. Your general liability coverage could also come into play here by helping to pay for medical costs and legal fees.

Professional mistakes

Someone claims you discriminated against them during the rental application process. E&O coverage (also known as professional indemnity insurance for property managers) can help cover defense expenses, even if the accusation is untrue.

Workplace injuries

You strain your back while shoveling outside an apartment building after a heavy snowfall. Workers’ compensation coverage with business owner’s coverage can help cover medical bills and lost wages. Workers’ comp is usually required by law if you have employees.

Damage to your own property

An electrical fire causes damage to your office furniture. Commercial property insurance can help with replacement or repair costs if your owned or leased property is damaged due to a covered event, such as a burst water pipe, fire, tornado or vandalism.

What do I need to get an insurance quote online?

It takes about 10 minutes to get a business insurance quote online with NEXT. We’ll ask a few questions about your business — like what you do, your location, how many people you employ and the vehicles you use for work. You’ll choose your options and see prices. If you like what you see, you can buy online and get a certificate of insurance (proof of insurance) on the spot.

How can I get a certificate of insurance (COI)?

Once you have a NEXT policy, you’ll have 24/7 access to proof of your insurance (also called a certificate of insurance, or COI) via web or app. Log in to your account, download your COI instantly or deliver it via email or text at no additional cost. Get unlimited certificates and add an additional insured as you need them.

How do you file an insurance claim with NEXT?

If you’re a policyholder, simply log in to your account and file a claim. We’ll contact you shortly to go over the details. Our support team is standing by to help.

Next Insurance, small business insurance

Coverage on-the-go for policyholders

Manage your policies, send and create certificates of insurance, or file a claim with our app.

More professions that are covered by NEXT

Real Estate Broker, Home Inspectors, Real Estate Appraisal, Estate Liquidator, Makerspace, Mortgage Broker, Property Management, Real Estate Agent, Real Estate Investor

* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.