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Protect your property, residents, and employees with apartment building insurance.

From employee injuries to property damage, apartment owners like you have to be prepared for the potential financial impact from a wide range of risks, which is why finding the best apartment building insurance (also known as apartment building owners insurance or apartment complex insurance) is essential.

At biBerk, we provide tailored commercial apartment building insurance at savings of up to 20%. Whether you need workers' compensation, a business owners policy or BOP (sometimes called property & liability insurance), or umbrella insurance, just complete a simple form online or speak with our licensed insurance experts to get a fast, free quote. Plus, with biBerk, you can purchase an apartment building owners’ insurance policy, manage it, and report claims online for ultimate convenience. We're all about making things simple.

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Why do residential building owners need apartment insurance coverage?

Commercial apartment building insurance is extremely important for anyone who owns a building with tenants. This can include everything from single-family rental homes to multi-unit apartment buildings. Why is insurance crucial? There are simply too many hazards that can impact your buildings, as well as your tenants and their property. 

A business owners policy or BOP (also called property & liability insurance) is a type of insurance for apartment building owners that will protect you from many common liabilities associated with rental properties, including those related to tenant injuries due to things like slips and falls. Apartment insurance coverage can also help with property damage and loss of income due to things like natural disasters, broken pipes, and accidental kitchen fires.

Our insurance for apartment buildings covers many types of residential building owners, including:

    • Apartment owners
    • Apartment building owners
    • Building operations managers
    • Building owners
    • Commercial building owners
    • Commercial property owners
    • Community association managers
    • Condominium building owners
    • Duplex owners
    • Landlords
    • Property owners
    • Rental dwelling owners
    • Residential property managers
    • Townhouse building owners

What does apartment building insurance cost? Get a building insurance quote.

As a building owner, what will insurance for apartment buildings cost you? The best way to find out is to get convenient building insurance quotes online. In just a few minutes you’ll see that when you trust biBerk with your apartment complex insurance, peace of mind is actually very affordable.

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What are the different types of apartment building insurance for owners?

At biBerk, we offer three different types of apartment insurance for landlord and building owners like you. Depending on the location of your business and other factors, certain types of apartment insurance might be better for you than others.

Workers' Compensation insurance

This insurance helps protect your business if an employee gets hurt, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages from the incident.

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Business Owners Policy

Also called property & liability insurance, a business owners policy (BOP) conveniently combines general liability insurance with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage—like using a temporary location. Plus, there are endorsements you can add to customize your policy, including cyber insurance, hired and non-owned auto liability, employment-related practices liability, employee benefits liability, and equipment breakdown/boiler & machinery.

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Umbrella insurance

Every apartment building owners insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection: It can cover costs that exceed the limit of another biBerk liability policy, subject to its own limit. Without it, you may be responsible for anything over your apartment buildings insurance policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.

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Who turns to biBerk for apartment complex insurance?

First-time property owners
People operating an apartment building or complex for the first time rely on us for coverage that prevents unexpected expenses from common claims. They need to maintain steady rental income as they get the property up and running, and insurance for apartment building owners helps prevent business disruptions. These owners appreciate that we’ve simplified business insurance, so they can safeguard their investments without all the hassles traditionally associated with insurance. 

Experienced property investors
People who invest in rental properties are looking to minimize their losses from major claims while balancing their insurance coverage and costs. Affordable apartment building insurance from biBerk can protect them in the event of fires, vandalism, and other potentially costly incidents. Carrying the necessary insurance helps keep their rental revenue streams flowing, whether they own one small apartment building or have larger, multi-building complexes. 
Property managers
In some cases, a property owner tasks their property manager with making sure the business is financially protected. Property managers strive to maintain consistent coverage across properties to reduce disruptions from claims. Because they’re involved in day-to-day operations, they see the types of claims that can occur and like that commercial apartment building insurance from biBerk can cover them.

Why biBerk for apartment building insurance coverage?

We’re the experts when it comes to small business insurance.

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Save time.

Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.

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Save money.

We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.

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Experienced.

We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $52.2 billion in paid claims in 2023.

Apartment property insurance frequently asked questions (FAQ)

Below are answers to common questions from people who own apartment properties.

  • What is apartment property insurance?

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    Apartment property insurance protects property owners from risks like property damage, liability claims, tenant disputes, and business interruptions. To be clear, this type of insurance does not cover the personal belongings of residents. “Property” in this context refers to buildings.

  • How is apartment building insurance different from general property insurance?

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    It’s a group of policies covering unique risks like tenant-caused damage, loss of rental income, and building code compliance after a loss.

  • Is apartment building insurance mandatory?

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    You should check with local authorities about your insurance requirements. Also, lenders often require coverage, and it’s essential for protecting your investment.

  • What does apartment building insurance cover?

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    Coverage across multiple policies typically includes property damage, liability claims, lost rental income, and equipment breakdowns.

  • How much does apartment building insurance cost?

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    Costs depend on factors like building size, location, coverage limits, and claims history.

Get a quote today.

Need apartment building insurance? See why biBerk is easier and more convenient when you obtain your free apartment building owners insurance quote online.