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Real Estate Insurance for Building Owners & Property Management  

Our commercial real estate insurance coverages are thoughtfully designed to meet the specific challenges and risks your business faces. 

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Coverage at Westfield

Customizable Real Estate Insurance for Your Business 

Westfield offers a combination of coverages for real estate businesses, whether you manage condos and office spaces or lease commercial properties to others. In addition to the coverages that come standard with most property policies, we offer extended coverages specific to the real estate market. This includes coverages for regaining customers after a loss, displaced business income from contractual penalties, and emergency vacating expenses.

Our real estate insurance can be customized to fit your specific business needs, allowing you to easily add relevant coverages, such as commercial auto, business interruption, and more.

Common Coverages

What Kind of Insurance Does a Property Management Company Need?

From real estate liability insurance to workers’ compensation coverage, Westfield offers a range of protections to give you the peace of mind you deserve. Explore the coverages* that real estate owners and property managers commonly rely on:

General Liability

Help your business recover from lawsuits and claims related to incidents on your properties, such as tenant injuries or property damage.

Commercial Property

Safeguard your buildings, office spaces, and other owned or managed properties, including on-site equipment and certain assets.

Business Interruption

Cover expenses and maintain cash flow if your property becomes uninhabitable or your operations are disrupted by a covered event.

Commercial Auto

Safeguard the vehicles you and your employees use for business purposes, including trucks and vans.

Equipment Breakdown

Shield your business from costly repairs when equipment like HVAC systems or elevators fail due to a mechanical or electrical issue.

Commercial Umbrella

Get coverage that exceeds the limits of your primary insurance policies, helping you handle large claims or unforeseen liabilities.

Workers’ Compensation

Help cover the medical care, rehabilitation costs, and lost income of employees who are injured on the job.

Crime Insurance

Safeguard your business against theft of money and securities by employees or others, whether on- or off-site, under certain circumstances. 

Commercial Cyber

Help your business respond to and recover from various cyber-attacks, including data breaches and phishing attempts. 
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Businesses We Serve

Do I Need Insurance for My Property Management Business?

Whether you own commercial buildings or work in property management, insurance is crucial for maintaining financial stability. Almost every real estate owner and property manager should have insurance to help avoid covering costly claims and liabilities out of pocket.

Here are the types of businesses that typically need real estate insurance:

  • Building Owners
  • Commercial Property Managers
  • Commercial/Residential Condo Associations
  • Commercial Condominium Unit-Owners
  • Real Estate Service Firms
SureStep® BOP

Real Estate Insurance for Small Businesses 

Many real estate owners and property management companies opt for a business owners policy (BOP) because they bundle multiple coverages into one convenient, affordable package. Westfield’s SureStep BOP combines property, business interruption, and general liability insurance with the option to add endorsements and coverages specific to the real estate industry
Explore Our Bop
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Pricing Factors

How Much Does Property Management Insurance Cost?

It depends. The cost of real estate insurance is determined by a variety of factors, including:

  • Business type
  • Claims history
  • Coverage limits
  • Location
  • Number of employees
  • Revenue

The easiest way to determine what your insurance premium will be is to get a quote from one of our agents. 

Loss Prevention

Risk Control Services for Commercial Real Estate Policyholders

We believe the best way to manage a claim is to prevent it from ever happening. That’s why we offer risk control resources specific to the real estate industry, such as sprinkler assessments, fire prevention plans, and building maintenance tips. At Westfield, your policy is just the beginning. 
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Why It Matters

What Are the Benefits of Real Estate Insurance?

Real estate insurance provides peace of mind and financial protection by covering repair costs, legal expenses, and lost rental income. The cost of real estate insurance is minimal compared to the potential impact of major property damage or liability claims. With Westfield as your insurance provider, you’ll also benefit from customizable coverage and valuable risk control resources.

Why Westfield

What Should You Consider When Purchasing Insurance?

When it comes to protecting your business, look for coverage that not only matches your unique needs, but is also backed by a carrier with proven reliability and specialized industry knowledge.

Customizable Coverage

Westfield agents tailor your policy to match the specific needs of your business and budget. 

Financial Strength 

Westfield has been “A” Rated (Excellent) by AM Best for financial strength since 1934.

Industry Experience

Our team of underwriters, risk control consultants, and claims specialists have industry-specific expertise.
Real Estate Insurance Quotes

Find an Agent Near You

We understand how the ever-evolving real estate industry creates unique challenges for property owners and managers. That’s why we offer real estate insurance that can be tailored to fit your specific needs. Contact an agent for a personalized quote today. 
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*Please review your actual policy language to see applicable coverages, limits, and exclusions.