Business insurance for commercial and residential landlords
Help protect your commercial or residential property and assets with insurance that’s custom-built to help meet your needs.
What is insurance for commercial and residential landlords?
No matter what kind of commercial or residential property you own, including office buildings, retail or apartments, it comes with certain risks. Your State Farm® agent can help you structure a business insurance for commercial landlord policy that helps protect your business and its assets.
What does insurance for commercial landlords cover?
By bringing together the right coverages, you can help safeguard your business and its assets from risks, ranging from weather events and careless tenants’ actions to lawsuits.
Property
Helps protect buildings and other structures on the premises, such as garages, storage buildings, swimming pools, fences, etc. It also includes owned personal property used to maintain or service the building and premises
Liability
Helps provide financial protection against costly claims and lawsuits under the policy
Equipment breakdown
Offers coverage that helps protect against damage to covered property caused by mechanical breakdown, power surges, explosion of steam boilers or loss of steam/hot water boilers
Loss of income
Helps cover the actual loss of rental income you experience from covered property damage that causes a suspension of your rental operations
Coverage in action
Your apartment tenants had to be evacuated due to a recent fire at your property. Tenant move back expenses may help cover the costs associated with successfully returning them to their apartments. Tenant move back expenses coverage isn’t available for non-residential landlords.
Coverage options to consider
Depending on your business, you may need to consider additional coverages. Your local State Farm agent can help you choose the options that work best for your specific business needs.
Valuable papers and records
Helps cover the cost to research, replace, or restore information on lost or damaged documents by a covered incident
Ordinance or law
Ordinance or law helps cover the increased cost to upgrade the building due to enforcement of municipal laws and ordinances following a covered claim
Heating or air conditioning loss reimbursement
Helps provide reimbursement for payments made to a tenant resulting from the loss of heating or air conditioning to a tenant's leased unit. This coverage is only available to apartment owners
Tenant move back expenses
Helps cover expenses incurred to move tenants back to the described premises from a temporary location in the event a covered loss that caused them to be displaced. This coverage is only available to apartment owners
Frequently asked questions about insurance for commercial landlords
Business insurance for commercial landlord helps provide both property and liability coverage, while commercial property insurance only provides property coverage.
Yes, one of the coverages – loss of income - helps protect you if you can’t collect rent because your property is unusable for up to 12 months due to a covered loss.
Depending on where you live, you may be able to help protect your home and save on your homeowners insurance premium by installing smart home protection devices. Check with your State Farm agent to see what’s available.
Get a local agent who gets you
There’s a State Farm agent nearby ready to offer personalized service to fit your specific needs.
Simple Insights®
Looking for ways to help keep your small business running smoothly? You’ve come to the right place. Articles from Simple Insights draw on over 100 years of State Farm knowledge.
Prices are based on rating plans that may vary by state. Coverage options are selected by the customer, and availability and eligibility may vary.
This is only a general description of coverages of the available types of business insurance and is not a statement of contract. Details of coverage, limits, or services may not be available for all business and vary in some states. All coverages are subject to the terms, provisions, exclusions, and conditions in the policy itself and in any endorsements. Contact a State Farm agent for more information and a customized quote.
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State Farm Mutual Automobile Insurance Company
State Farm Indemnity Company
State Farm Fire and Casualty Company
State Farm General Insurance Company
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL
State Farm County Mutual Insurance Company of Texas
State Farm Lloyds
Richardson, TX
State Farm Fire and Casualty Company
Tallahassee, FL