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Apartment Building Owner Insurance

5 BEST REASONS TO GET APARTMENT INSURANCE

Protect Your Reputation

Insurance protects against employees misrepresenting your company

Plan For The Future

Insurance protects against unforeseen risks

Lawsuit Protection

Vital protection in a litigious society

Prevent Financial Ruin

Insurance helps your business survive disaster

Get Peace of Mind

Insurance protects the little guy

Choose Small Business Liability for the Right Insurance at the Right Price

Across the country, renting is seen as an affordable alternative to purchasing a home. In fact, 43% of Americans can’t afford to buy their own home, so they rely on the availability of rental properties. Consequently, this makes finding a suitable rental property major challenge for many. Here is a distinct opportunity for apartment building owners like you.

 In the US there is one new renter every 32 seconds! Also this number of renters increases every day. In short, more renters for your properties mean more profits. Owning an apartment building can be a rewarding business. But, just like any commercial venture, an apartment building owner has to consider the risks, along with the benefits. Whether it is personal injury caused by accidents at the building, fire risks or vandalism, finding the right apartment building owner insurance coverage is essential. This is where we come in.

Here at Small Business Liability, we have been providing apartment building owner insurance for over 20 years. In this time, we have built up the expertise needed to help you get the right small business liability insurance for your particular needs. Another reason to call us is that we find the best price for the best coverage.

“It will never happen to me!”   AM I PREPARED IF IT EVER DOES?

Small Business Liability insurance will save you financially. If you are held liable for injuries in your building it could be costly. Obviously, as an apartment building owner, you  would not want to incur the cost that comes with injury or property damage.

As an apartment building owner, you are faced with many possible scenarios. For example, from slipping or falling. And what about fires? According to the National Fire Protection Association, fire departments in the United States respond to fire outbreaks, on average, every 24 seconds. After hearing a statistic like this, insurance seems vital, right?

The ideal insurance coverage is apartment building insurance that is affordable. At the same time your insurance must cover your building from different types of risks.

Apartment building insurance covers the replacement value of property. For example property that is damaged by fire. The good news is that building owners property insurance is written for such instances.

What if …

One of your tenants invites a friend for dinner. The friend slips and falls in the apartment and breaks his arm. The tenant blames you for the injury because you did not repair a broken stair.  The angry tenant wants you to pay for the medical expenses.”

In such a situation, apartment building owner insurance provides coverage for these expenses.

What Apartment Building Owner Insurance Do I Need?

Commercial General Liability Insurance

This coverage protects rental property owners against claims of alleged or actual bodily injury or property damage to third parties (these include visitors, tenants, delivery persons, etc.). The general liability coverage is important in protecting you from lawsuits.

Commercial Property Coverage

This insurance coverage will protect you against the loss of your apartment building as well as other type of buildings and structures like offices, and garages, swimming pools, storage buildings and fences within the complex.

Loss of Income Coverage

This insurance coverage reimburses apartment owners for the loss of income due to damage by a covered loss (like fire or storm).

Equipment Breakdown Coverage

As a building owner, you might have heating and cooling units, for example. This insurance coverage will typically apply to such equipment breakdown. The loss must be sudden and accidental. Wear and tear is not included in this type of insurance policy.
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Help Me Protect My Small Business!

Apartment building owner insurance is right for:

    • Commercial property or apartment owners and managers
    • Real estate investment trusts
    • Real estate agents

Ask us now!

First things first. At Small Business Liability, we assess your insurance coverage needs before making any recommendations. We will provide an apartment building owner insurance package that suits you best. Contact one of our representatives today for the best apartment building owners insurance.

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Contact John for the best quote you’ll get all day!