Commercial property insurance: This may help with expenses to repair or replace your building, fixtures or other commercial assets if a covered event damages them.

General liability insurance: This may help protect your property management business if you are responsible for a third party’s bodily injury or property damage. It may also include coverage for personal injuries (e.g., defamation) and advertising injuries (e.g., copyright infringement).

Errors and omissions insurance: This form of professional liability insurance may protect your business from financial losses if a mistake is made while you’re performing your professional duties.

Workers’ compensation insurance: This may provide coverage if your business’s employees lose wages or incur medical expenses due to work-related illnesses or injuries. It may also cover legal expenses arising from the work-related innless or injury.

Equipment breakdown insurance: This may provide coverage if equipment such as your air conditioner, transformer, elevators or computer systems need to be repaired or replaced due to unexpected events like power surges.