Next Insurance

Property Management Insurance

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

Real estate business insurance
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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

General Liability

Bought by 95% of business owners like you
General liability insurance covers a wide range of property management 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

Errors & Omissions

Bought by 80% of business owners like you
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

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

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.

1/15/2023

General Liability

Smooth easy process.

David C.

12/16/2022

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.

12/11/2022

Manager

Excellent

Cassandra W.

12/7/2022

Next was fast affordable and

Next was fast affordable and completely what I needed.

Antoniette D.

11/11/2022

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.

11/8/2022

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.

10/18/2022

I liked your process

I liked your process

Chany R.

9/8/2022

Business Insurance

Great customer service, great prices!

Constance F.

8/7/2022

Just what we needed!

This liability insurance helps me sleep better.

Paul C.

7/25/2022

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
Most Popular
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Workers’ Comp
Per accident
$500,000
Commercial Property
Per occurrence
$25,000
PRO PLUS
Best Coverage
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Workers’ Comp
Per accident
$1 million
Commercial Property
Per occurrence
$25,000
How much does business insurance cost

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.

Everything you want to know about Insurance

Property management 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’ll 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 would 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 would 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?

We keep it simple and straightforward so you can find the coverage that’s right for you within a few minutes. When you start a quote for insurance, we’ll ask you a few basic questions about your business, including: the kind of services you provide, the location of your office or where you plan to work, how many people you employ and how much you pay them and the number and type of vehicles you use for work.

How can I get a certificate of insurance?

You’ll have instant access to your certificate of insurance 24/7 from your computer or mobile device when you purchase coverage with Next. There’s no waiting for anyone, no need to print anything and definitely no fax machines. If you’re a new or current Next Insurance customer, all you need to do is log in to your account and your Live Certificate delivers you the proof of insurance you need instantly, for free. You can easily share your COI with anyone via email, text message or a social media post. We provide unlimited certificates and you can also add an additional insured for free. If you decide to change your coverage, your certificate will be automatically updated. Find out more details about your certificate of insurance

How does the claims process work with NEXT Insurance?

  • If you’re a policyholder, you can file a claim any time by logging in to your account at www.nextinsurance.com and clicking the “File a claim” under the "About us" tab. You can expect a call from us shortly after you submit a claim to go over the details.
  • If you do not have a policy with us and are filing against one of our policyholders, you can head over to our website at www.nextinsurance.com, select “Help Center” under our “Support” tab, and under “Quick Actions for Customers” click where it says ”Not a policyholder and want to file a claim?”
  • If you cannot access your online account and require help from our support team, please visit our online help center.
Certificate of Insurance

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More professions that are covered by NEXT

Makerspace, Estate Liquidator, Real Estate Investor, Mortgage Broker, Property Management, Real Estate Agent
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* 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.
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© 2023 Next Insurance, Inc. 975 California Ave, Palo Alto, CA 94304, United States
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.